Austin invests $80,000 for a 20 percent interest in a partnership that has capital totaling $300,000 after admitting Austin. Which of the following is true?

A) The original partners received a bonus of $20,000.
B) Austin received a bonus of $20,000.
C) Austin's capital is $80,000.
D) The original partners' capital in the business was $240,000 before admitting Austin.


A

Business

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a. True b. False Indicate whether the statement is true or false

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Answer the following statement true (T) or false (F)

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