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

Question

1 Approved Answer

41. Bench, Federico, Dana, Toby, and Dior formed Techy Bees Business Consultancy LTD. They all contributed 50,000.00 to the partnership, except for Bench who is

41. Bench, Federico, Dana, Toby, and Dior formed Techy Bees Business Consultancy LTD. They all contributed 50,000.00 to the partnership, except for Bench who is an industrial partner. The partners agreed to divide the profit equally among themselves. Techy Bees Business Consultancy LTD is indebted to Federico, a limited partner, amounting to 100,000.00. On December 31, 2021, the partners decided to dissolve and liquidate the partnership which has a gross capital amounting to P500,000.00. QUESTION: How much can Dior get from the partnership after liquidation?

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

The Law Of Torts

The Law Of Torts

Authors: Joseph W. Glannon

6th Edition

1543807690, 978-1543807691

More Books

Students also viewed these Law questions

Question

★★★★★
How do various currencies around the world stack up to the U.S. dollar? Shown below is a bar chart of the value of the currency of various countries in U.S. dollars as of April 2013.The currencies...

Answered: 1 week ago

Question

★★★★★
Many experts note that organizations have been making greater use of teams in recent years. What factors might account for this trend? LO.1

Answered: 1 week ago

Question

★★★★★
Do you think that burnout, engagement and boredom are contagious, that is that they spread from one employee to another? Why would this (not) be the case? Learning by Doing

Answered: 1 week ago

Question

★★★★★
Use the information for Jones Company as presented in E8-23. Jones is planning to factor some accounts receivable at the end of the year. Accounts totaling $25,000 will be transferred to Credit...

Answered: 1 week ago

Question

★★★★★
Bunker makes two types of briefcase, fabric and leather. The company is currently using a traditional costing system with labor hours as the cost driver but is considering switching to an...

Answered: 1 week ago

Question

★★★★★
CHAPTER 7-INTERNAL CONTROL AND CASH Previous Page 7 of 8 Next? Which of the following statements is true of days' cash on hand? O a. It is a popular measure used by nonprofits to reveal how long the...

Answered: 1 week ago

Question

★★★★★
Based on his experiment, was Dr. Moesteller's conclusion correct? a. No, because he did not randomly select his subjects. b. No, because he knew some of his subjects better than others. c. Yes,...

Answered: 1 week ago

Question

★★★★★
You are a high school counselor. Maria is a 10th grade student who has just moved to the U.S. from Spain because her parents passed away. She is living with her cousin, who is currently on free and...

Answered: 1 week ago

Question

★★★★★
Reflection Questions Please review the assignment instructions and then respond to the following questions. This section must be completed before proceeding with the assignment. 1. Based on what you...

Answered: 1 week ago

Question

★★★★★
An important component of working with clients in any setting is understanding the problems that policies are designed to address, the details of how the policy is designed to affect the problem...

Answered: 1 week ago

Question

★★★★★
In addition to hardware like mobile phones, websites like Google, and software like Office products, there are many different tools that teachers and students can use to facilitate teaching and...

Answered: 1 week ago

Question

★★★★★
The background knowledge of the interpreter

Answered: 1 week ago

Question

★★★★★
The expert rule: We have more confidence in information presented by someone who is an expert in the field than by someone who is not.

Answered: 1 week ago

Question

★★★★★
How easy the information is to remember

Answered: 1 week ago

Previous Question Next Question