Question
Ditto, Amen, and Turtle have the following capital balances; $40,000, $50,000 and $30,000 respectively. The partners share profits and losses 20%, 40%, and 40% respectively.
Ditto, Amen, and Turtle have the following capital balances; $40,000, $50,000 and $30,000 respectively. The partners share profits and losses 20%, 40%, and 40% respectively. Amen retires and is paid $80,000 based on the terms of the original partnership agreement. If the bonus method is used, what is the capital of (Q1) Ditto, (Q2) Turtle, and (Q3) the total partnership AFTER Amen retires?
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Internal Auditing In Savings And Credit Cooperative Societies
Authors: Daniel Njuguna
1st Edition
B0C8SCJKRT, 979-8223128649
