Ames and Barton are partners who share income in the ratio of 1:2 and have capital balances of $40,000 and $70,000, respectively, at the time they decide to terminate the partnership. After all noncash assets are sold and all liabilities are paid, there is a cash balance of $80,000. What amount of loss on realization should be allocated to Barton?
a. $80,000
b. $30,000
c. $10,000
d. $20,000
Answers: 3
Business, 21.06.2019 23:00
Which of the following statements about the relationship between economic costs and accounting costs is true? multiple choice accounting costs are equal to or greater than economic costs. accounting costs must always equal economic costs. accounting costs are always greater than economic costs. accounting costs are always less than or equal to economic costs.
Answers: 2
Business, 22.06.2019 15:40
As sales exceed the break‑even point, a high contribution‑margin percentage (a) increases profits faster than does a low contribution-margin percentage (b) increases profits at the same rate as a low contribution-margin percentage (c) decreases profits at the same rate as a low contribution-margin percentage (d) increases profits slower than does a low contribution-margin percentage
Answers: 1
Business, 22.06.2019 16:00
If the family’s net monthly income is 7,800 what percent of the income is spent on food clothing and housing?
Answers: 3
Business, 22.06.2019 21:20
In a market economy, supply and demand are important because theya. (i) play a critical role in the allocation of the economy's scarce resources.b. (ii) determine how much of each good gets produced.c. (iii) can be used to predict the impact on the economy of various events and policies.d. all of (i), (ii), and (iii) are correct.
Answers: 3
Ames and Barton are partners who share income in the ratio of 1:2 and have capital balances of $40,0...
Mathematics, 01.03.2021 19:50
Mathematics, 01.03.2021 19:50
Biology, 01.03.2021 19:50
Mathematics, 01.03.2021 19:50
Social Studies, 01.03.2021 19:50
Mathematics, 01.03.2021 19:50
Mathematics, 01.03.2021 19:50
Computers and Technology, 01.03.2021 19:50
Chemistry, 01.03.2021 19:50
Mathematics, 01.03.2021 19:50
Mathematics, 01.03.2021 19:50
English, 01.03.2021 19:50