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:

Critical Self-examination

A process of reflective thinking where an individual rigorously assesses their own thoughts, feelings, actions, and motives.

Ineffective

Not capable of producing the expected effect or results within a specific context or situation.

Critical Self-examination

The process of rigorously and introspectively considering one's own beliefs, actions, and motives to improve personal understanding or behavior.

Effective Helping

Providing support in a way that is beneficial and constructive to someone's well-being or situation, often requiring empathy, active listening, and appropriate interventions.