FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

15 17 182192202 Question 1 5 points Save Jorge, Jamil, and Jihad are partners in a Limited partnership, Jorge & Jamil are general partners, while

image text in transcribed
15 17 182192202 Question 1 5 points Save Jorge, Jamil, and Jihad are partners in a Limited partnership, Jorge & Jamil are general partners, while Jihad is a limited partner Share capital balance of $50,000, $45,000, and $20,000, respectively. sharing the profits and losses equally, and they liquidated the firm, Realization Account was 90000 debit balance, Jorge's share from the firm cash was: 50000 45000 15000

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

Using Microcomputers In Managerial Accounting

Using Microcomputers In Managerial Accounting

Authors: George Hildebrand

1st Edition

0938188275, 978-0938188278

More Books

Students also viewed these Accounting questions

Question

★★★★★
Do you approve of the restrictions currently in place for therapeutic c toning? If not, how would you see these restrictions changed?

Answered: 1 week ago

Question

★★★★★
Thinkabout7uniquesideasthatmightsolveaboutracialbullying.Inordertobeuniqueandeffective,eachoneoftheideasyoumustuseoneofthe"SCAMPER"elementslistedbelow.Eachideamustbeexplainedwithatleastthreefullsenten...

Answered: 1 week ago

Question

★★★★★
Quick-as-Lightning, a delivery service, purchased a new delivery truck for $45,000 on January 1, 2019. The truck is expected to have a useful life of 10 years or 150,000 miles and an expected...

Answered: 1 week ago

Question

★★★★★
NPV versus IRR Consider the following two mutually exclusive projects: Sketch the NPV profiles for X and Y over a range of discount rates from zero to 25 percent. What is the crossover rate for these...

Answered: 1 week ago

Question

★★★★★
15 17 182192202 Question 1 5 points Save Jorge, Jamil, and Jihad are partners in a Limited partnership, Jorge & Jamil are general partners, while Jihad is a limited partner Share capital balance of...

Answered: 1 week ago

Question

★★★★★
A lease agreement that qualifies as a finance lease calls for annual lease payments of $20,000 over a five-year lease term (also the asset's useful life), with the first payment at January 1, the...

Answered: 1 week ago

Question

★★★★★
Consider the following scenario: I am an architect who has decided to start her own architectural practice. As an architect, I use both practical and theoretical knowledge into the technical design...

Answered: 1 week ago

Question

★★★★★
BJ Enterprise has inspected the work done by its employee yesterday. 8 staff production staff have been chosen as samples. 50 products produced by each sample have been examined and defects found are...

Answered: 1 week ago

Question

★★★★★
This week we are examining the relationship between motivation theory and pay structure within organizations. Employees are motivated in various ways to perform at work. All employees seek a certain...

Answered: 1 week ago

Question

★★★★★
Find the typical data value of the data set.35 43 16 30 20 32 25 26 32 30 18 35 21 27 34 5 38 31 38 41 15 22 28 38 Suppose the following data set gives the age a person first receives a winning...

Answered: 1 week ago

Question

★★★★★
x-3+1, x23 Let f(x) = -*+3, * Answered: 1 week ago

Answered: 1 week ago

Question

★★★★★
A proposal was put forward in 2012 by the Coalition government that would allow employers in small and medium- sized businesses to offer shares in the company in exchange for giving up their rights...

Answered: 1 week ago

Question

★★★★★
In the Meteor case study, how reasonable do you think were the terms of the redundancy package? Look up the tribunal cases referring to relocation and equal opportunities. Do you think that the high...

Answered: 1 week ago

Question

★★★★★
Consider spotlight on the law 4.2 and decide: What was the basis upon which Wilson had been dismissed out of the four admissible reasons? Do you think he was successful in his claim? What is the...

Answered: 1 week ago

Previous Question Next Question