Tim don and hans are partners with capital balances of

Assignment Help Accounting Basics
Reference no: EM13594164

Tim, Don, and Hans are partners with capital balances of $30,142, $23,668, and $53,768 respectively. They share income in the ratio of 3:2:1. Income Summary with a debit balance of $32,690 is closed to the capital accounts. Don withdraws from the partnership. How much cash does he get upon withdrawal?

Reference no: EM13594164

Questions Cloud

The electron and proton of a hydrogen atom are separated on : the electron and proton of a hydrogen atom are separated on the average by a distance of approximately 5.3 x 10-11 m.
Find a line item listed on either the income statement or : look up nikes annual report and answer the following questions in the 4.3 discussion adjusting entries forum1. find a
On february 1 of year 1 richard mike patrick and sean form : on february 1 of year 1 richard mike patrick and sean form brothers corp and transfer the following items property
You are given a 10-mh inductor and 2 capacitorsof 50 and : question you are given a 10-mh inductor and 2 capacitorsof 5.0 and 2.0-mf capacitance. list the resonant frequencies
Tim don and hans are partners with capital balances of : tim don and hans are partners with capital balances of 30142 23668 and 53768 respectively. they share income in the
During january kroger paid 9150 for supplies to be used in : the following information is taken from the accrual accounting records of kroger sales companya. during january kroger
The rock has credit sales of 425000 during 2013 and : the rock has credit sales of 425000 during 2013 and estimates at the end of 2013 that 1.5 of these credit sales will
In its first month of operation maze company purchased 100 : in its first month of operation maze company purchased 100 units of inventory for 6 then 200 units for 7 and finally
Ethics case alternative sources of cashstacey jensen the : ethics case alternative sources of cash.stacey jensen the founder and the owner of a major portion of the stock for

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd