Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

15 Question 15 2 points Friends Partnership has three partners. The balance of each partner capital is Alia $48.000, Mariam $50.000 and Fatima $52.000 Alia

15 Question 15 2 points Friends Partnership has three partners. The balance of each partner capital is Alia $48.000, Mariam $50.000 and Fatima $52.000 Alia withdraws from the Partnership. The remaining partners. Mariam and Fatima, agreed to pay cash of $56.000 for Alia from partnership. The partners share income and loss equally Required How much is the capital balance for the remaining partners Manam and Fatima after the withdrawal of Ala Please DO NOT use the "S" and "" signs in you ansewr. For example, if the right an EXACTLY written as: 75000 85000 Mariam is Mariam $75,000 and Fatima $85,000, it should be Fatima Moving to another question will save this response

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

Step: 3

blur-text-image

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

Financial Accounting A Business Process Approach

Authors: Jane L. Reimers

1st Edition

0536633711, 978-0536633712

More Books

Students also viewed these Accounting questions