Question
Teri, Doug, and Brian are partners with capital balances of $35,600, $24,100, and $55,800, respectively. They share income and losses in the ratio of 3:2:1.
Teri, Doug, and Brian are partners with capital balances of $35,600, $24,100, and $55,800, respectively. They share income and losses in the ratio of 3:2:1. Revenue accounts for the period total $293,400. Expense accounts for the period total $327,000. The revenue and expense accounts are closed to the capital accounts. Doug withdraws from the partnership. How much cash does he receive upon withdrawal? a. $12,900 b. $49,700 c. $24,100 d. $33,600
Teri, Doug, and Brian are partners with capital balances of $35,600, $24,100, and $55,800, respectively. They share income and losses in the ratio of 3:2:1. Revenue accounts for the period total $293,400. Expense accounts for the period total $327,000. The revenue and expense accounts are closed to the capital accounts. Doug withdraws from the partnership. How much cash does he receive upon withdrawal?
a.$12,900
b.$49,700
c.$24,100
d.$33,600
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Handbook Of Energy Audits
Authors: Albert Thumann, William J. Younger
6th Edition
0824709985, 978-0824709983
