FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Suppose X, and Y are two partner has 20,000 capital balance each sharing profit and loss equally agree to admit C as new partner for

image text in transcribed
Suppose X, and Y are two partner has 20,000 capital balance each sharing profit and loss equally agree to admit C as new partner for 40% interest in capital and profit with investment 22000$. calculate how much the new partner should pay 2667 Select one: True False

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

Computerized Accounting Using QuickBooks Pro 2020

Computerized Accounting Using QuickBooks Pro 2020

Authors: Alvin A. Arens, D. Dewey Ward, Carol J. Borsum

6th Edition

0912503793, 9780912503790

More Books

Students also viewed these Accounting questions

Question

★★★★★
What is the market value of each of the following bond issues? (Round to the nearest dollar.) (a) 10% bonds of $1,000,000 sold on bond issue date; 10-year life; interest payable semiannually;...

Answered: 1 week ago

Question

★★★★★
Locate the centroid of the plane area shown. 9 in. 8 in. 45 in 6 in. 9 in.

Answered: 1 week ago

Question

★★★★★
We throw a die twice. Give a suitable sample space for this experiment and then identify the elements each of the following events contains: A1: the outcome of the first throw is 6; A2: the outcome...

Answered: 1 week ago

Question

★★★★★
Refer to the information in Exercise 9-11. Assume that each of the company's divisions has a required rate of return of 7%. Compute residual income for each division. In Exercise 9-11 Kraft Foods...

Answered: 1 week ago

Question

★★★★★
answer fast please Logistics Solutions provides order fulfillment services for dotcom merchants. The company maintains warehouses that stock items carried by its dot.com clients. When a client...

Answered: 1 week ago

Question

★★★★★
In order to reduce the heat loss in an ICE, the burn time has to be small. this is achieved by increasing the flame velocity. State 2 ways of increasing flame velocity and explain why it works that...

Answered: 1 week ago

Question

★★★★★
9. Your neighbor who has a job says, "I am having heart surgery in two months." When does your neighbor have to tell the employer about the surgery?

Answered: 1 week ago

Question

★★★★★
A group from the class in the previous question has identified a bug in their code that will take a minimum of 16 tasks T = {t1...t16} to resolve. How many ways are there to assign the tasks if (5...

Answered: 1 week ago

Question

★★★★★
During a heavy storm, lightning struck an office building that houses the data center of a small accounting firm. The lightning caused a fire that interrupted the electricity supply to the building...

Answered: 1 week ago

Question

★★★★★
Four samples of 50 products each are collected and the number of defects in each sample is given below. Determine the standard deviation of the average fraction defective. Sample 1 23 4 Number of...

Answered: 1 week ago

Question

★★★★★
1&2 Estimated Overhead was $6million. Estimated Machine hours were 100,000 hrs. Actual Overhead was 3,990,000 and actual machine hours were 68,000 hours. The over or under applied is not material. 1-...

Answered: 1 week ago

Question

★★★★★
=+e. Does the body copy have objectionable widows (one word sitting alone at the top of a new copy block) or orphans (one word dangling at the end of a paragraph)?

Answered: 1 week ago

Question

★★★★★
=+v. Button clever closing line, like Priceless (at the end of MasterCard ads and commercials, which doubles as the tagline).

Answered: 1 week ago

Question

★★★★★
=+vii. Bullet points to emphasize important ideas.

Answered: 1 week ago

Previous Question Next Question