Patty and paul are partners who share income in the ratio of 3: 2. their capital balances are $90,000 and $130,000, respectively, on january 1. the partnership generated net income of $40,000 for the year. what is paul's capital balance after closing the revenue and expense accounts to the capital accounts?

Malcolm has several receipts from recent transactions that he entered in his records. the receipts include an atm receipt for an $80.00 deposit, a grocery store receipt for $25.50, and a paycheck deposit slip for $650.00 when he finishes entering his transactions, malcolm realizes that his balance is incorrect. assuming that malcolm had no beginning balance, what should his correct balance be?

For each example identify the most appropriate ctso

Used cars usually have options: higher depreciation rate than new cars lower financing costs than new cars lower insurance premiums than new cars lower maintenance costs than new cars