Nathan Invests $2,800 for 10% Interest in a Partnership That

question 50

Multiple Choice

Nathan invests $2,800 for 10% interest in a partnership that has total capital of $20,000 after admitting Nathan. Which of the following is true?

• A) Nathan's capital is $2,000.
• B) The original partners received a bonus of $280.
• C) Nathan received a bonus of $280.
• D) The original partners' capital in the business was $22,800 before admitting Nathan.

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