Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please I need the answer I don't have time Friends Partnership has three partners. The balance of each partner capital is: Alia $48,000, Mariam $50,000

please I need the answer I don't have time image text in transcribed
Friends Partnership has three partners. The balance of each partner capital is: Alia $48,000, Mariam $50,000 and Fatima $52,000. Alia withdraws from the Partnership. The remaining partners, Mariam and Fatima, agreed to pay cash of $54,000 for Alla from partnership. The partners share income and loss equally. Required How much is the capital balance for the remaining partners Mariam and Fatima after the withdrawal of Alla Please DO NOT use the "S" and "." signs in you ansewr. For example, if the right answer is Mariam $75,000 and Fatima $85,000, it should be EXACTLY written as: 75000 85000 Marlam Fatima

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Financial Accounting Group

Authors: Ilse Lubbe, Shelley Herbert, Goolam Modack

1st Edition

0195998634, 9780195998634

More Books

Students also viewed these Accounting questions

Question

14. Let X be uniform over (0, 1). Find E[X|X Answered: 1 week ago

Answered: 1 week ago