invests $25,000 Chico and Dino share net income and losses in a 73 ratio and have capital balances of $35,000 and $30,000 respectively. Filo for a one third interest in the partnership If the bonus method is used, Dino's capital belance is a$30,000 $31,500 $31,667 d. $25,000 e. $28,500 n) xand Yare partners who share income in the ratio of 2-1 and who have capital balances of $80,000 and $40,000 respectively. t P, with the corsent of y, acquired one half of X's interest for $40,000, for what amount would P's capital account be credited a. $32,500 b. $40,000 c. $$0,000 d. $72,500 8 The following balance sheet was prepared for ABC Partnership, whese partner's share net income and losses in the Cash $40,000 Liabilities $70,000 Other assets 140,000 Abe, Capital 50,000 Ben, Capital50,000 Cher, Capital 1000 Totals $180,000 The partners liquidate the partnership. Other assets are realized for $80,000. 5180,000 Cer is insolvent, how much cash will Ben receive? .$37,500 b.$37,000 c. $38,000 d. $50,000 ) waco Company, a us corporation, acquired machinery lor use in its operations t or price was 60,000 euros, payable in euros on January 15, 2004. Spot rates for euros on various dates are as follows Lyon Manufacturing on October20 me purchase October 2, 2003 December 31, 2003 1 curo $1.05 I euro S1.10 I euro- $1.08 January 15, 2004 Reter to the sbove information. What is Waco's 'Toreien Currenoy Transaction Gain (Loss!' for 2003? A) $300 gain B) $300 loss C) $1,200 gain $1,200 loss D)