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

Question

1 Approved Answer

3. On July 1, 2008 Monuz and Pardo form a partnership, agreeing to partnership profits and losses in the ratio of 4:6, respectively. Monuz contributed

image text in transcribed
3. On July 1, 2008 Monuz and Pardo form a partnership, agreeing to partnership profits and losses in the ratio of 4:6, respectively. Monuz contributed a parcel of land that cost him P25,000. Pardo contributed P50,000 cash. The land wsa sold dfor P50,000 on July 1, 2008 four hours after formation of the partnership? a. P10.000 C. P25.000 b. P20,000 d. P50.000

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

Psychology Applied To Teaching

Psychology Applied To Teaching

Authors: Jack Snowman, Rick McCown

14th Edition

1285734556, 9781285734552

More Books

Students also viewed these Accounting questions

Question

★★★★★
Define organizational environment and organizational technology. In what ways do these concepts overlap?

Answered: 1 week ago

Question

★★★★★
Bailey Corp. changed depreciation methods in 2017 from straight-line to double-declining-balance because management gathered evidence that the assets were being used differently than previously...

Answered: 1 week ago

Question

★★★★★
Explain the limits of confidentiality for clients receiving services from a clinical psychologist.

Answered: 1 week ago

Question

★★★★★
After getting selected in Disneys training program, Minsu became a rock star. His family paid $22,000 to get Minsu trained. How much of these expenses paid by his family are deductible? Reference the...

Answered: 1 week ago

Question

★★★★★
Rosewill Inc., is contemplating an electric Food Drying project which is expected to last for 7 years. Using the profitability index rule, what is the lowest annuity cash flow necessary to approve...

Answered: 1 week ago

Question

★★★★★
You decide to form a portfolio of the following amounts invested in the following stocks. What is the expected return of the portfolio? Stock Amount Beta Expected Return Apple $1,000 2.4 10.50%...

Answered: 1 week ago

Question

★★★★★
Consider the EMPLOYEE database schema shown in Figure 4.6. Write PHP code to create the tables of this schema. Figure 4.6: A specialization lattice with shared subclass ENGINEERING_MANAGER. EMPLOYEE...

Answered: 1 week ago

Question

★★★★★
When reading a resistor's color bands: The first two colored bands, pulled from Table 1, represent the first and second digits of the resistance, respectively The third colored band, pulled from...

Answered: 1 week ago

Question

★★★★★
8. Consider a cantilever viewing platform extending over the rim of a cliff as shown below. In an unsafe situation, the platform would pivot about the cliff's edge. Without fixing bolts, what is the...

Answered: 1 week ago

Question

★★★★★
Apple is delaying its plan to use neuralMatchLinks to an external site. technology to scan US iPhones for child pornography and child abuse. Currently, Apple uses end-to-end encryption to ensure...

Answered: 1 week ago

Question

★★★★★
You use Tableau for a project about spacecraft trajectories. You drag the Spacecraft field onto a shelf, selecting a specific craft. This enables you to monitor the trajectories that will be most...

Answered: 1 week ago

Question

★★★★★
7. How can an interpreter influence the utterer (sender)?

Answered: 1 week ago

Question

★★★★★
9. Find a news article in a daily newspaper written by a journalist. How is this news article related to: (a) The writers expertise? (b) The context? (c) The personal characteristics of the writer?...

Answered: 1 week ago

Question

★★★★★
8. How can an interpreter influence the message?

Answered: 1 week ago

Previous Question Next Question