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

Question

1 Approved Answer

A ; B and C are partnership is under liquidation process with the following account balances : cash :$10000 , A.capital $6000 :: B. capital

image text in transcribed
A ; B and C are partnership is under liquidation process with the following account balances : cash :$10000 , A.capital $6000 :: B. capital $8000 :.: capital (4000) debit , A; B and C share profits and losses20%,30%, 50% respectively. if C is insolvent how much cash B would receive: Select one: a. $8000 O b. 4400. O c. $3000. d. 5600

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

Auditing IT Infrastructures For Compliance

Auditing IT Infrastructures For Compliance

Authors: Martin Weiss, Michael G. Solomon

2nd Edition

1284090701, 978-1284090703

More Books

Students also viewed these Accounting questions

Question

★★★★★
Indicate whether each of the following activities takes place during the planning (PL), performing (PE), evaluating (E), or communicating (C) stage of the management process: 1. Changing regular...

Answered: 1 week ago

Question

★★★★★
Define the cost of goods available for sale. How does it relate to cost of goods sold and ending inventory ?

Answered: 1 week ago

Question

★★★★★
Describe data and process modeling concepts and tools, including data flow diagrams, a data dictionary, and process descriptions

Answered: 1 week ago

Question

★★★★★
DryIce Inc., is a manufacturer of air conditioners that has seen its demand grow significantly. The company anticipates nationwide demand for the next year to be 180,000 units in the South, 120,000...

Answered: 1 week ago

Question

★★★★★
Which of the following is NOT true about medication logs

Answered: 1 week ago

Question

★★★★★
Luke Corporation produces a variety of products, each within their own division. Last year, the managers at Luke developed and began marketing a new chewing gum, Bubbs, to sell in vending machines....

Answered: 1 week ago

Question

★★★★★
Model this statement using the crow's foot modelling technique. [5 marks] Create your diagram in draw.io (or equivalent), save it as either a JPG or PNG file format, and upload your image using the...

Answered: 1 week ago

Question

★★★★★
Larry rents his townhouse to Sue for $1,400 a month. At the beginning of the lease, he asked for a $2,000 security deposit. When Sue moved out at the end of the lease Larry used $1,400 of the...

Answered: 1 week ago

Question

★★★★★
The message "Packet is a unit of data sent across the network" is to be sent over a reliable connection from node 0 to node 1. Here is a diagram of the first packet being sent: 0 0 DAT 12116 Packet...

Answered: 1 week ago

Question

★★★★★
Meranti Sdn Bhd has analysed the costs of producing and selling 5,000 units of its only product to be: Direct materials RM 60,000 Direct labour 40,000 Variable factory overhead 20,000 Fixed factory...

Answered: 1 week ago

Question

★★★★★
(.) Consider the following three relations A, B, and C for this part: C A Attr Attr2 John A John B Mary A Mary C Mary D ST Attr3 15 30 20 35 50 ? B Attr4 10 20 30 40 50 Attr5 a b C d e (D = John A...

Answered: 1 week ago

Question

★★★★★
Outline five other steps Blackbird should be using to have an improved HR function.

Answered: 1 week ago

Question

★★★★★
MyManagementLab onlycomprehensive writing assignment for this chapter.

Answered: 1 week ago

Question

★★★★★
In previous chapters you recommended various human resource practices Hotel Paris should use. Choose one of these, and explain why you believe they could take this program abroad, and how you suggest...

Answered: 1 week ago

Previous Question Next Question