Determine the amount and the recipient of the partner bonus
Question:
1. Malcolm has a capital balance of 90,000 after adjusting to fair market value. Celeste contributes 45,000 to recieve a 25% interest in a new partnership with malcolm.
Determine the amount and the recipient of the partner bonus.
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Celeste contributes 45,000 to recieve a 25% interest in a new partnership with malcolm. Determine the amount and the recipient of the partner bonus.
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