Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

Omar, Khaled, Faisal and Mustafa are partners in a solidarity company, with a capital of 64,000 dinars equally distributed among them. The partners decided on

Omar, Khaled, Faisal and Mustafa are partners in a solidarity company, with a capital of 64,000 dinars equally distributed among them. The partners decided on 8/29/2021 AD to increase the companys capital to 200,000 dinars, provided that the share of the partner Khaled becomes half of the companys capital after the increase and the partners share Omar Half of the share of the partner Khaled after the capital increase of the company and the rest distributed equally between Faisal and Mustafa. The partners provided the sums required of them in cash. In light of the above data, the amount provided by the partner Faisal in cash is (2 Points) 62500 46500 9000 16000 None of the above

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Managerial Accounting

Authors: Ray Garrison, Eric Noreen, Peter Brewer

16th edition

978-1259307416

Students also viewed these Accounting questions