Question
Y and Z contributed 15,000.00 each to the partnership. X was subsequently admitted as a partner with a contribution of 10,000.00. The partnership has an
Y and Z contributed 15,000.00 each to the partnership. X was subsequently admitted as a partner with a contribution of 10,000.00. The partnership has an obligation of 45,000.00 in favor of W. Compute the liability of the X,Y, and Z in case the obligation was contracted.
(a) Before X was admitted;
(b) after X was admitted.
Business LAW
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Managerial Accounting Tools For Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly
2nd Canadian Edition
0471413658, 978-0471413653
