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How much is the amount of bonus

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Edna Ursal and Cleofe Rosales who shared profits and losses in the ratio of 3:7 admitted Dandan Cal by letting the latter invest cash in the partnership. The respective capital balances of the partners were 240,000 for Ursal and 300,000 for Rosales. Cal invests cash of 210,000 for a 40% interest in the new firm interest of 750,000.

Question 1: Assuming that Cal invests cash of 450,000 for a 35% interest in the new firm capital of 990,000, how much is the amount of bonus

Reference no: EM132856893

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