Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Tomer and Maher are partners with capitol balonces of $60.000. They share profits and losses at 50% eoch. Zaher contributes $24,000 to the partnership for
Tomer and Maher are partners with capitol balonces of $60.000. They share profits and losses at 50% eoch. Zaher contributes $24,000 to the partnership for a 1/3 share. What amount should the partnership record as an individual bonus to each of the old partners? Select one: G. $7.000 b. $20,000 x o. $10,000 d. $3.500 In the ABC partnership to which Daoud seeks admittance), the capital balances of Ahmad Bohi, and Careem who share income in the ratio 4:4:2 are: Ahmad $600,000 Bahi $400,000 Careem $300,000 Based on the preceding information, if no goodwill or bonus is recorded, how much should Daoud invest for an 18 percent interest? Select one: a $ 360,000 b. $ 234.000 x o $285,365 d. $ 270,000 Fouad and Romi are in a partnership sharing profits in a 5:3 ratio. Net profit for the year ended 31.12.2019 was $11.000. Interest on copital wos alocated as $800 to Fouad and $600 to Romi. Romi received a partnership salary of $10,000. How much was Fouad's share of protitz Select one: a. $0 b. $ 250) o. $ 800 d. $ 550
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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