Brown and Rubix Are Partners

question 134

Multiple Choice

Brown and Rubix are partners.Brown's capital balance in the partnership is $73,000 and Rubix's capital balance is $62,000.Brown and Rubix have agreed to share equally in income or loss.Brown and Rubix agree to accept Cabela with a 20% interest.Cabela will invest $41,500 in the partnership.The bonus that is granted to Brown and Rubix equals:

• A)$3,100 each.
• B)$6,200 each.
• C)$35,300 in total.
• D)$41,500 in total.
• E)$0,because Brown and Rubix actually grant a bonus to Cabela.

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Definitions:

Clinical Laboratory Improvement Amendments

Regulatory standards that guarantee the precision, dependability, and promptness of patient test outcomes, irrespective of the test's location.

1988

A year identified by significant events, developments, or cultural landmarks in history.

Physician's Office Laboratories

Laboratories within doctors' offices where simple tests are performed on-site to provide quick results for medical diagnosis and treatment planning.

Moderate-Complexity Tests

Laboratory testing procedures that require a moderate level of expertise, oversight, and equipment to perform and analyze results accurately.