contestada

Burns has a capital balance of $79,000 after adjusting assets to fair market value. Van Ness contributes $43,000 to receive a 30% interest in a new partnership with Burns. Determine the amount and recipient of the partner bonus.

Respuesta :

ProfLincoln

Answer:

$6400 bonus paid to Partner

Explanation:

Equity of Burns =$79000

Van Ness contribution =$43000

Total equity after van ness contribution = $79000+$43000

=$122000

Van Ness equity interest = 30% of $122000

=$36600

Partner bonus = Van Ness contribution - Van Ness equity interest

= $43000 - $36600

= $6400 bonus paid to partner

saqib097

Answer:

The amount of bonus to be allocated is $6,400 and the recipient of the partner bonus is Burns.

Explanation:

Total Balance = 79,000+43,000= 122,000

Van ness interest in the partnership: 122,000  X .30= 36,600

Bonus for the existing partner: 43,000-36,600= 6,400.

Otras preguntas