Dowd, elgar, frost, and grant formed a general partnership. their written partnership agreement provided that the profits would be divided so that dowd would receive 40%; edgar, 30%; frost, 20%; and grant, 10%. there was no provision for allocating losses. at the end of its first year, the partnership had losses of $200,000. before allocating losses, the partners' capital account balances were: dowd, $120,000; elgar, $100,000; frost, $75,000; and grant, $11,000. grant refuses to make any further contributions to the partnership. ignore the effects of federal partnership tax law. after losses were allocated to the partners' capital accounts and all liabilities were paid, the partnership's sole asset was $106,000 in cash. how much would elgar receive on dissolution of the partnership? a. $37,000b. $40,000c. $47,500d. $50,000
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Business, 22.06.2019 04:00, tmcdowell69
Don’t give me to many notifications because it will cause you to lose alot of points
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Business, 22.06.2019 13:40, nina1390
Determine if the following statements are true or false. an increase in government spending can crowd out private investment. an improvement in the budget balance increases the demand for financial capital. an increase in private consumption may crowd out private investment. lower interest rates can lead to private investment being crowded out. a trade balance in sur+ increases the supply of financial capital. if private savings is equal to private investment, then there is neither a budget sur+ nor a budget deficit.
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Business, 22.06.2019 21:00, sofiaisabelaguozdpez
Roberto and reagan are both 25 percent owner/managers for bright light inc. roberto runs the retail store in sacramento, ca, and reagan runs the retail store in san francisco, ca. bright light inc. generated a $125,000 profit companywide made up of a $75,000 profit from the sacramento store, a ($25,000) loss from the san francisco store, and a combined $75,000 profit from the remaining stores. if bright light inc. is an s corporation, how much income will be allocated to roberto?
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Dowd, elgar, frost, and grant formed a general partnership. their written partnership agreement prov...
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