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Which is the bonus to be credited to mills

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Problem 1: Capital balances in the MEMO partnership are Mary, Capital 3,000,000; Ellen, Capital 2,500,000; and Mills, Capital 2,000,000 and income ratios are 5:3:2 respectively. The MEMO partnership is formed by admitting Oleg to the firm with a cash investment of 3,000,000 for a 25% capital interest. Which of the following is the bonus to be credited to Mills, Capital in admitting Oleg?

A. 75,000

B. 187,500

C. 375,000

D. 500,000

Reference no: EM132795275

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