Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Nov 16, 2022

Shadi and Omar formed a partnership for Accounting Consulting with a total capital of JD 300,000 distributed equally among them. Shadi has CPA and

"Shadi and Omar formed a partnership for Accounting Consulting with a total capital of JD 300,000 distributed equally among them. Shadi has CPA and he contributed JD 125,000 Cash. Omar contributed JD 100,000 Cash, and a new Building with a market value of JD 50,000. The necessary entry for formation a partnership according to Bonus method in the credit side is:" Omar Capital Account 150000 Shadi Capital Account 125000 Shadi Capital Account 137500 Omar Capital Account 125000

Step by Step Solution

★★★★★

3.46 Rating (156 Votes )

There are 3 Steps involved in it

Step: 1

The necessary entry for the formation of he partnership according to bonus ... 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

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

Recommended Textbook for

A Pathway To Introductory Statistics

Authors: Jay Lehmann

1st Edition

0134107179, 978-0134107172

More Books

Students also viewed these Accounting questions

Question

★★★★★

The 2012 infant mortality rates (deaths per 1000 births) of 195 countries are described by the boxplot in Fig. 126. a. Given that the distribution is unimodal, determine whether it is skewed left,...

Answered: 1 week ago

Question

★★★★★

Doctor Specialties Below are listed the numbers of doctors in various specialties by gender. Choose 1 doctor at random. a. Find P (malepediatrician). 0.498 b. Find P (pathologistfemale). 0.109 c. Are...

Answered: 1 week ago

Question

★★★★★

Two thousand kilojoules of heat are added to 10 kg of air contained in a rigid container. Calculate the final temperature and the entropy change of the air if the initial temperature and pressure...

Answered: 1 week ago

Question

★★★★★

Refer to the table below. Of the 36 possible outcomes, determine the number for which the sum Die 1 1 2 3 4 5 56 6 1 (1,1) (2,1) (3,1) (4,1) (5,1) (6,1) One can roll a sum of 9 in Die 2 2 3 4 5 (1,2)...

Answered: 1 week ago

Question

★★★★★

What are some of the environmental influences on consumer behavior in international markets?

Answered: 1 week ago

Question

★★★★★

This year Colleen transferred $100,000 to an irrevocable trust that pays equal shares of income annually to three cousins (or their estates) for the next eight years. At that time, the trust is...

Answered: 1 week ago

Question

★★★★★

3. Use personal best goals, not between-student competition.

Answered: 1 week ago

Question

★★★★★

One day, Leslie prepared a new snack to serve at preschool: celery stuffed with ricotta cheese and pineapple. The first time she served it, few children touched it. How can Leslie encourage her...

Answered: 1 week ago

Question

★★★★★

Boyne University offers an extensive continuing education program in many cities throughout the state. For the convenience of its faculty and administrative staff and to save costs, the university...

Answered: 1 week ago

Question

★★★★★

The variable rdintens is expenditures on research and development (R&D) as a percentage of sales. Sales are measured in millions of dollars. The variables profmarg is profits as a percentage of...

Answered: 1 week ago

Question

★★★★★

Holding sales constant, lower production costs will a. increase net income, raising the return on equity. b. lower net income, raising the return on assets. c. have no affect on net income or...

Answered: 1 week ago

Question

★★★★★

Next Generation Ltd Trial balance on 31 December 2019 Debit Credit Share capital 570,000 Property, plant, and equipment 2,100,000 Bank 195,000 Revenue 480,000 Rental income 35,000 Cost of sales...

Answered: 1 week ago

Question

★★★★★

Perform the following steps with pen and paper - you should not write code for these steps: Write down your PI (personal identifier). Your PI will be different from your OUCU, but like your OUCU it...

Answered: 1 week ago

Question

★★★★★

What are the three private IP ranges? What are some scenarios where private IP addresses can be used? Briefly compare and contrast Static NAT, Dynamic NAT, and PAT. Using the drawing, how would you...

Answered: 1 week ago

Question

★★★★★

You decide that you need to change the ways you interact with the sales staff. Which of the following actions would best remodel your behavior based on the persuasion principle of being what the...

Answered: 1 week ago

Question

★★★★★

Using FNMA's website takes patience and practice, which is why we asked you to poke around and familiarize yourself with its search functions. We want to hear your opinion. Please answer the...

Answered: 1 week ago

Question

★★★★★

Describe the turing machine and explain how ot relates to the concept of intelligence and intuition

Answered: 1 week ago

Question

★★★★★

You are standing at x = 9.0 km and your assistant is standing at x = 3.0 km. Lightning bolt 1 strikes at x = 0 km and lightning bolt 2 strikes at x = 12.0 km. You see the flash from bolt 2 at t = 10...

Answered: 1 week ago

Question

★★★★★

3 (x 4) = 2x + 2

Answered: 1 week ago

Question

★★★★★

Inputoutput pairs of four exponential functions are listed in Table 21. Complete the table. Table 21 Complete the Table (Exercise 32) x (x) g(x (xk(x) 3 400 0 2 4 25 147 30,000 25

Answered: 1 week ago

Question

★★★★★

See Fig. 83. Use the fact that the total area of the object is 1 to find the area of the orange bar. The object has not been drawn to scale. 0.06

Answered: 1 week ago

Question

★★★★★

3. Cultures develop norms for appropriate nonverbal behaviors, such as gesturing, interpersonal space, and touch. What happens when those norms are violated? Design a study to examine peoples...

Answered: 1 week ago

Question

★★★★★

2. When interacting with people who are not native English speakers, it may be a good idea to pay extra attention to the nonverbal behaviors. How much do you notice facial expressions, gestures, tone...

Answered: 1 week ago

Question

★★★★★

3. Nonverbal misinterpretations. Misunderstandings in relation to the interpretation of nonverbal behaviors can easily lead to conflicts or confrontations that break down the communication process.

Answered: 1 week ago

Previous Question Next Question