Keith and Jim Are Partners

question 38

Multiple Choice

Keith and Jim are partners.Keith has a capital balance of $51,000 and Jim has a capital balance of $37,000.Bill invested $27,000 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 $2550 each.
• B)Keith and Jim received a bonus of $3750 each.
• C)Bill received a bonus of $5100.
• D)Bill received a bonus of $7500.

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Definitions:

Depression

A mental health disorder characterized by persistently low mood, loss of interest in activities, and other symptoms affecting daily functioning.

Substance Abuse

The use of a substance in a way that is not medically approved, such as using diet pills to stay awake or consuming large quantities of cough syrup that contains codeine. Substance abusers are not necessarily addicts.

Difficulty Falling Asleep

A sleep disorder characterized by trouble transitioning from wakefulness into sleep, impacting one's overall sleep quality.

Mirroring

Restating in your own words what a person is saying.