Business, 22.05.2020 04:08 selenaK9514

1. Nunes, Orta and Paulo are partners providing engineering services. Relevant data regarding income-sharing relationships and capital balances are as follows: Partner Capital Balance Income Share Nunes $ 250,000 20% Orta 180,000 30% Paulo 150,000 50% Totals $ 580,000 100% 2. Orta decides to retire and receives $159,000 in cash from the partnership. If the bonus method is used to account for the retirement, Paulo's capital balance after Orta's retirement is: A. $135,000 B. $139,500 C. $160,500 D. $165,000

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1. Nunes, Orta and Paulo are partners providing engineering services. Relevant data regarding income...