Keith and Jim Are Partners

question 110

Multiple Choice

Keith and Jim are partners. Keith has a capital balance of $50,000 and Jim has a capital balance of $40,000. Bill invested $30,000 to acquire an ownership interest of 30%. Which of the following statements is true of this transaction?

• A)Keith and Jim received a bonus of $3,000 each.
• B)Bill received a bonus of $5,000.
• C)Keith and Jim received a bonus of $2,500 each.
• D)Bill received a bonus of $6,000.

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Definitions:

Contributing Risk Factors

Elements or conditions that increase the likelihood of developing a disease or injury.

Struggled With

Refers to experiencing difficulty or opposition when trying to achieve, learn, or deal with something.

Family History

The record of a person's or family's medical and health background, often used to assess risks for inherited conditions.

Schizophrenic

Relating to schizophrenia, a mental disorder characterized by distortions in thinking, perception, emotions, language, sense of self, and behavior.