Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1 if Y partner purchased 100% of X Partner capital from his own money the credit side in journal entry will be out of Select

image text in transcribed

image text in transcribed

image text in transcribed

1 if Y partner purchased 100% of X Partner capital from his own money the credit side in journal entry will be out of Select one: a. Y Partner capital b. X Partner capital question C. partnerships capital d. Cash 2 if X and Y agree to establish partnership with total capital 24,000 divided 2:1 respectively what is the amount of Y capital d Select one: out of a. 12,000 g question b. 10,000 c. 16,000 d. 8,000 on 3 IF A & B are two partner, A partner 15,000 capital and the same amount for B. they agree to enter new partner what are the amount should C pay for having 50% of capital Fed d out of Select one: a. 15,000 Lag question b. 20,000 C. 30,000 d. 40,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions

Question

defines a radio button in a form.

Answered: 1 week ago

Question

Prepare an electronic rsum.

Answered: 1 week ago

Question

Strengthen your personal presence.

Answered: 1 week ago

Question

Identify the steps to follow in preparing an oral presentation.

Answered: 1 week ago