Jordan kyle and noah have equities in a partnership of

Reference no: EM13587899

Jordan, Kyle, and Noah have equities in a partnership of $100,000, $160,000, and $140,000, respectively, and share income and losses in a ratio of 5:3:2, respectively. The partners have agreed to admit Billy to the partnership. Prepare entries in journal form without explanations to record the admission of Billy to the partnership under each of the following assumptions:

a. Billy invests $80,000 for a 25 percent interest, and a bonus is recorded for Billy.

b. Billy invests $160,000 for a one-fifth interest, and a bonus is recorded for the old partners.

Reference no: EM13587899

Questions Cloud

Question a typical aspirin tablet contains 324mg : question a typical aspirin tablet contains 324mg aspirinc9o4h8 a monoprotic acid ka2.810-4. a monoprotic acid donates a

What is the net present value of the costs of buying and : the ward county hospital center wants to buy a new mobile rimary care van to use in screening residents in an

An air puck bounces back and forth between two parallel : an air puck bounces back and forth between two parallel walls always traveling perpendicular to the walls. each time

Question a water carbonating plant operates by providing : question a water carbonating plant operates by providing carbon dioxide at 5.0 atm. estimate the molar concentration of

Jordan kyle and noah have equities in a partnership of : jordan kyle and noah have equities in a partnership of 100000 160000 and 140000 respectively and share income and

Applying overhead computing unit product costa company : applying overhead computing unit product cost.a company assigns overhead cost to completed jobs on the basis of 120 of

W know that vmax aomega so if we know the position of a : a student argues the followingwe know that vmax aomega. so if we know the position of a mass on a spring we can

Which one of the following alkyl halides gives the highest : which one of the following alkyl halides gives the highest ratio of substitution to elimination on treatment with

Assume that actual restoration costs incurred in 2017 : schefter mining operates a copper mine in wyoming. acquisition exploration and development costs totaled 8.2 million.

User Account

All Pages