What amount would new partner capital account be credited

Reference no: EM132742488

Question: "A" and "B" are partners who share income in the ratio of 2:1 and who have capital balances of birr $65,000 and $35,000 respectively . If a new partner with the consent of "B" acquired one halve of "A" interset for $ 40,000 for what amount would new partner capital account be credited?

Reference no: EM132742488

Questions Cloud

Capital budgeting technique including net present value : There are five capital budgeting technique including Net present Value, Payback period, Discounted Payback Period, Internal rate of return

What is the economic value added : Assume Avionics Industries reported at year-end that operating income before taxes for the year equaled $2,400,000. Long-term debt issued by Avionics.

What is company marvel cost of common stock : Company Marvel has been in the filmmaking industry for quite a while and is specialized in making sci-fi and superhero movies. Due to recent advancement

Explain the risk-return trade-off concept concisely : 1) What differs the lower-upper bound and best-worst scenario? explain!

What amount would new partner capital account be credited : "A" and "B" are partners who share income in the ratio of 2:1 and who have capital balances of birr $65,000 and $35,000 respectively . If a new partner.

What does a negative cash cycle imply : Position yourself as a company owner. What kind of financing would you use and why?

Is the world a cold cruel and indifferent place : Why is it that in the 'civilized ' world we need police, business contracts, laws and locked-doors to protect ourselves from exploitation and violence

What is the expected return of stock b : Long term investment-grade corporate bonds currently yield 4.7%, 10 year government bonds yield 2.5%, and inflation stands at 3.4%. What is the expected return

Research and write a business report : Briefly describe how each compare to the policy statements of the others? Longest/shortest, easiest to read/full of air, strongest stand/weakest, etc

Reviews

Write a Review

Required(*) Message

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!

Submit Assignment

User Account

All Pages