Business, 10.09.2019 22:20 bellam302

In the rst partnership, ron's capital is $80,000, stella's is $75,000, and tiffany's is $50,000. they share income in a 3: 2: 1 ratio, respectively. tiffany is retiring from the partnership. each of the following questions is independent of the others.
38. refer to the above information. tiffany is paid $60,000, and no goodwill is recorded. in the journal entry to record tiffany's withdrawal:
a. tiffany, capital will be credited for $60,000.
b. ron, capital will be debited for $5,000.
c. stella, capital will be debited for $4,000.
d. cash will be debited for $60,000.

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In the rst partnership, ron's capital is $80,000, stella's is $75,000, and tiffany's is $50,000. the...

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