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What were the total bonus to the remaining partners

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Reference no: EM132753151

Question - On December 31, the capital balances and income ratios in Oriole Company are as follows. Partner Capital Balance

Income Ratio

Trayer $57,000 50%

Emig 39,500 30%

Posada 27,000 20%

If Emig's capital balance after Posada's withdrawal is $42,800, what were (1) the total bonus to the remaining partners and (2) the cash paid by the partnership to Posada?

Reference no: EM132753151

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