Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 19, 2024

if Y partner purchased 100% of X Partner capital from his own money the credit side in journal entry will be Select one: a. Cash

image text in transcribed

if Y partner purchased 100% of X Partner capital from his own money the credit side in journal entry will be Select one: a. Cash b. Y Partner capital c. X Partner capital o d. partnerships capital

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 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

Accounting

Authors: Charles T. Horngren, Walter T. Harrison

7th Edition

0132439603, 9780132439602

More Books

Students also viewed these Accounting questions

Question

★★★★★

Which one of the following is not an example of a facility support activity? a. Manufacturing vice presidents salary b. Product engineers salary c. Property taxes d. Plant security e. Accounting

Answered: 1 week ago

Question

★★★★★

Reiden Inc. issues $4 million, 5-year, 8% bonds at 102, with interest payable on January 1. The straight-line method is used to amortize bond premium. (a) Prepare the journal entry to record the sale...

Answered: 1 week ago

Question

★★★★★

1. What higher-order knowledge can make the difference between how well and quickly students learn material? A. Declarative B. Rote C. Metacognition D. Procedural

Answered: 1 week ago

Question

★★★★★

BONDS ISSUED AT A PREMIUM, REDEEMED AT A LOSS Blackwell Company issued the following bonds at a premium: Date of issue and sale: .....March 1, 20-1 Principal amount: .......$500,000 Sale price of...

Answered: 1 week ago

Question

★★★★★

Mathematical operations can be performed on a string.

Answered: 1 week ago

Question

★★★★★

Please help me answer the following questions. Thank you. Question 4 Homework: Module 10- One-way ANOVA Score: 0 of 1 pt 12 of 14 (4 complete) *12. 1.5-T Complete parts a through d below using the...

Answered: 1 week ago

Question

★★★★★

Provide a point-form summary of the case Supreme Court of Canada Rivtow Marine Ltd. v. Washington Iron Works[1974] S.C.R. 1189 Date: 1973-08-27 Rivtow Marine Ltd. (Plaintiff) Appellant; and...

Answered: 1 week ago

Question

★★★★★

Stan purchased a $15,000 compound Canada Savings Bond on November 1, Year 1. Suppose that in the first bond year, the CSB earns 3% and, in the second bond year, it earns 4.5%. What amount of interest...

Answered: 1 week ago

Question

★★★★★

On Halloween night, a small boy decided to dress up as a bank robber. He went to house where the lights were on, indicating that the owner was receiving trick-or- treaters. When the homeowner, a...

Answered: 1 week ago

Question

★★★★★

2. With the following data from the automotive industry in Mexico. a) Calculate and analyze the behavior of the CR4 and the HHI in 1980, 1994 and 2004. Sales volume (units) Number of companies 7 6 21...

Answered: 1 week ago

Question

★★★★★

Accrual Basis Accounting SLO Health Care Inc. is owned and operated by Morgan Denby, the sole stockholder. During January 20Y6, SLO Health Care entered into the following transactions: Jan. 1...

Answered: 1 week ago

Question

★★★★★

2. To get some practice in identifying communication styles, watch two or three television shows and attempt to identify the style of individuals portrayed on the screen. To fully develop your skills...

Answered: 1 week ago

Question

★★★★★

1. Analyze what filters were in place to block effective communication between the hospital administrators, medical staff, and affected patients.

Answered: 1 week ago

Question

★★★★★

1. Analyze your work or school environment. Identify the distractions that you face on a daily basis and defend or reject their relevance to your ability to critically think, problem solve, and...

Answered: 1 week ago

Previous Question Next Question