Capital interest by a cash investment


Finney is admitted to a partnership with a 25% capital interest by a cash investment of $90,000. If total capital of the partnership is $390,000 before admitting Finney, the bonus to Finney is ??

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: Capital interest by a cash investment
Reference No:- TGS070682

Expected delivery within 24 Hours