Eagle and Falk are partners with capital balances of $45,000 and $25,000,respectively.They agree to admit Robb as a partner.After the assets of the partnership are r*ued,Robb will have a 25% interest in capital and profits,for an investment of $30,000.What amount should be recorded as a bonus to the original partners?
  a.$0
  b.$5,000
  c.$7,500
  d.$20,000
 
  Explanation
  Choice “b” is correct,$5,000.
  Total equity of new partnership:
  Eagle     $45,000
  Falk     $25,000
  Robb     $30,000
  Total     $100,000
  Since Robb is receiving a 25% interest in the partnership,his capital account will be credited with 25% of the total equity of the new partnership,or $25,000.The difference between his contribution of $30,000,and his capital account balance of $25,000,is credited to the other partners as a bonus.

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