Mathematics, 08.03.2021 21:00, cesarcastellan9
The Struter Partnership has total partners' equity of $360,000, which is made up of Main, Capital, $252,000, and Frist, Capital, $108,000. The partners share net income and loss in a ratio of 72% to Main and 28% to Frist. On November 1, Adison is admitted to the partnership and given a 20% interest in equity and a 20% share in any income and loss.
Prepare journal entries to record the admission of Adison for a 20% interest in the equity and a 20% share in any income and loss under independent assumption.
Record the admission of Adison with an investment of $125,000 for a 20% interest in the equity and a 20% share in any income and loss.
Answers: 3
Mathematics, 21.06.2019 14:00, maddynichole2017
Solve |2x - 5| = 4 if anyone could , that would be great
Answers: 1
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