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Dusik is admitted to a partnership with a 25% capital interest by a cash investment of P120,000. If total capital of the partnership is P520,000 before admitting Dusik, the bonus to Dusik is * P40,000. O P20,000. O P60,000. O P80,000.

Dusik is admitted to a partnership with a 25% capital interest by a cash investment of P120,000. If total capital of the partnership is P520,000 before admitting Dusik, the bonus to Dusik is * P40,000. O P20,000. O P60,000. O P80,000.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Dusik is admitted to a partnership with a 25% capital interest by a cash investment of P120,000. If total capital of the partnership is P520,000 before admitting Dusik, the bonus to Dusik is * O P40,000. O P20,000. O P60,000. O P80,000.
Transcribed Image Text:Dusik is admitted to a partnership with a 25% capital interest by a cash investment of P120,000. If total capital of the partnership is P520,000 before admitting Dusik, the bonus to Dusik is * O P40,000. O P20,000. O P60,000. O P80,000.
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