At April 30, partner’s capital balances in YBG company are as follows: Youngee Tk.30,000, Beyer Tk.16,000 and Ciger Tk.10,000.The income sharing ratios are 5:3:2 respectively. On May 1, the YBGE Company is formed by admitting Edelman as a partner.Beyer’s capital balance is TK.25,000 after admitting Edelman to the partnership by investment.
If Beyer’s ownership interest is 25% of total partnership capital, what were
(1) Edelman’s cash investment and
2) the total bonus to the old partners.
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