Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 09, 2024

Mr. Nassar and Mr. Paul are partners, sharing profit in the ratio of 5:3. They admit Mr. Nissar as a new partner for 1/6 share

Mr. Nassar and Mr. Paul are partners, sharing profit in the ratio of 5:3. They admit Mr. Nissar as a new partner for 1/6 share in profit. Mr. Nissar acquires this share as 1/8 from Mr. Nassar and 1/24 share from Mr. Paul. Calculate sacrificing ratio. None of these 1:3 3:4 3:1

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions

Question

=+1.1. (a) Show that a discrete probability space (see Example 2.8 for the formal definition) cannot contain an infinite sequence A1, A2 ,... of independent events each of probability ;. Since A ,,...

Answered: 1 week ago

Question

★★★★★

Abraham Company uses process costing to account for its production costs. Direct labor is added evenly throughout the process. Direct materials are added at the beginning of the process. During...

Answered: 1 week ago

Question

★★★★★

You have been offered a unique investment opportunity. If you invest $11,300 today, you will receive $565 one year from now, $1,695 two years from now, and $11,300 ten years from now. a. What is the...

Answered: 1 week ago

Question

★★★★★

XYZ Insurance Company reported the following information on its accounting statements last year: lion) Please select the correct statement below If the tax rate is 20% then XYZ paid 1,000,000 in...

Answered: 1 week ago

Question

★★★★★

The answers should identify the capabilities,understandings and knowledge you have gained during the course and how your learning has affected your abilities in a group. 3. discuss the pros and cons...

Answered: 1 week ago

Question

★★★★★

On November 14, US department store chain Macy's alerted customers of a security breach discovered in October on its website that led to the compromise of payment card details and customer...

Answered: 1 week ago

Question

★★★★★

Recommend one strategy at each level - Corporate Level, Business Level and Functional Level for Airbnb arise from pandemic

Answered: 1 week ago

Question

★★★★★

What is the purpose of code of conduct will it impact at the goal decisions how will it be used by the organization and it\'s associates

Answered: 1 week ago

Question

★★★★★

Is there a common thread in the two situations of personal gain? What is different about the Gates scenario and those of the Birmingham officials?

Answered: 1 week ago

Previous Question Next Question