Drake and Dre are partners with total capital of $200. Profits, losses and capital bonuses...
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Accounting
Drake and Dre are partners with total capital of $200. Profits, losses and capital bonuses are shared 60% to Drake and 40% to Dre. Diddy decides to join the partnership and contributes $60 cash to the business for a 25% share of the business. Which of the following is correct?
a) Debit Drake capital $2
b) Diddy receives a capital bonus of $5
c) Dre receives a capital bonus of $2
d) Debt Diddy capital $5
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