Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question 6 Not yet answered Marked out of 1.00 Flag question Question text Ali and Ahmad have AY LLP. On January 1, 2020 the capital
Question 6
Not yet answered
Marked out of 1.00
Flag question
Question text
Ali and Ahmad have AY LLP. On January 1, 2020 the capital balances are $20000 for Ali and Ahmad $30000. On March 1 Ali invest $2000. On August 1 Ali withdrew $1000. On May 1 Ahmad invests $4000. On September 1 Ahmad withdrew $2000. AY achieved $20000 net income. The average capital balance of Ali is --------------
a.
12018.
b.
7981.
c.
21250.
d.
32000.
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