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

Question

1 Approved Answer

3-1. Anton and Bernie are partners with capital balances of P270,000 and P180,000, respectively. They share profits and losses in the ratio of 30:70. Carla

image text in transcribed 3-1. Anton and Bernie are partners with capital balances of P270,000 and P180,000, respectively. They share profits and losses in the ratio of 30:70. Carla is admitted in the partnership by purchasing 20% interest of Bernie for P50,000. What is the capital balance of Bernie after the admission of Carla

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

Quicken 2015 For Dummies

Quicken 2015 For Dummies

Authors: Stephen L. Nelson

1st Edition

1118920139, 978-1118920138

More Books

Students also viewed these Accounting questions

Question

★★★★★
A four-month European call option on a dividend-paying stock is currently selling for $5. The stock price is $64, the strike price is $60, and a dividend of $0.80 is expected in one month. The...

Answered: 1 week ago

Question

★★★★★
Exercise 6.2Typological Process The typological process is one of the main concepts in the morphological approach developed by Muratori, Caniggia and their colleagues. It is a succession of types in...

Answered: 1 week ago

Question

★★★★★
What is the difference between the body and the mind?

Answered: 1 week ago

Question

★★★★★
Sentinel Security Services was established on March 15, 2012, to provide security services. The services provided during the remainder of the month are listed below. Mar. 18. Issued Invoice No. 1 to...

Answered: 1 week ago

Question

★★★★★
You are planning for your retirement. Beginning in one year, you will contribute the first of 20 yearly after-tax dollar payments of $6,500 into your Roth Individual Retirement Account (IRA). After...

Answered: 1 week ago

Question

★★★★★
What was the governing rule in the case of Hilewitz v Canada ( minister of citizenship and immigration) why was true Deol v Canada (immigration and citizenship) used in the appeal court case of...

Answered: 1 week ago

Question

★★★★★
In the stat crunch, where in stat command will I use for this questions. I go from T stat but it always says error as "it says no rows in data set" I don't get it Open the StatCrunch data file Zoeys....

Answered: 1 week ago

Question

★★★★★
Starting at 5:00 AM, every half hour there is a flight from San Francisco airport to Los Angeles International airport. Suppose that none of these planes is completely sold out and they have always...

Answered: 1 week ago

Question

★★★★★
Customers entering a hardware store are asked how many rooms are in their house. The results are displayed in the following frequency table. Which histogram accurately summarizes the data? Select the...

Answered: 1 week ago

Question

★★★★★
McDonald's Russia: Managing a Crisis - The McDonald's case is old, but some of the lessons about market entry and risk are relevant, especially now in the time of COVID-19 and with the invasion of...

Answered: 1 week ago

Question

★★★★★
Jan and Sue are general partners in CKY Bake Shop and share equally in profits and losses. They have no employees. They have the following income and expenses for the current tax year: Gross receipts...

Answered: 1 week ago

Question

★★★★★
What is the message repetition?

Answered: 1 week ago

Question

★★★★★
What is the budget for this project?

Answered: 1 week ago

Question

★★★★★
What skill level, equipment, and expertise are needed to implement this tactic? Is the needed skill level available within the organization? Is it available from outside sources?

Answered: 1 week ago

Previous Question Next Question