Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Click Submit to complete this assessment Question 16 Question 14 of 1 Friends Partnership has three partners. The balance of each partner' capital is: Alia

Click Submit to complete this assessment Question 16 Question 14 of 1 Friends Partnership has three partners. The balance of each partner' capital is: Alia $48,000, Mariam $50,000 and Fatma $52,000 Alis withdraws from the Partnership The remaining partners, Mariam and Fatima, agreed to pay cash of $58,000 for Alia from partnership. The partners share income and loss equally Required How much is the capital balance for the remaining partners Mariam and Fatima after the withdrawal of Ala Please DO NOT use the "S" and "," signs in you ansewr. For example, if the right answer is Mariam $75,000 and Fatima $85,000, it should be EXACTLY written as: 75000 85000 Mariam Fatima Click Submit to complete this assessment Save and Subme

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

Accounting Information For Decision Making Process

Authors: Karl Matron

1st Edition

B07DZQJMZ2

More Books

Students also viewed these Accounting questions