Business, 10.09.2019 19:30 jackferguson34

In the jk partnership, jacob's capital is $140,000, and katy's is $40,000. they share income in a 3: 2 ratio, respectively. they decide to admit erin to the partnership. each of the following questions is independent of the others.
refer to the information provided above. erin directly purchased a one-fifth interest by paying jacob $33,000 and katy $9,000. the land account is increased for its implied increase in value before erin is admitted. what are the capital balances of jacob and katy after erin is admitted into the partnership?
jacob katy
a. $140,000 $40,000
b. $152,000 $48,000
c. $155,000 $55,000
d. $158,000 $52,000

Answers: 3

Show answers

Other questions on the subject: Business

Business, 22.06.2019 11:20, jasalina

In 2000, campbell soup company launched an ad campaign that showed prepubescent boys offering soup to prepubescent girls. the girls declined because they were concerned about their calorie intake. the boys explained that “lots of campbell’s soups are low in calories,” which made them ok for the girls to eat. the ads were pulled after parents expressed concern. why were parents worried? i

Answers: 2

continue

Business, 22.06.2019 13:10, idk1561

You have recently been made a department head of the new regional office. in getting to know your departmental staff, you have noticed that one of your inexperienced employees is not following through on assigned tasks. she is enthused about her new job and wants to get ahead in the organization. which alternative represents the most effective leadership style: a. discuss the lack of follow-through with her and explore thealternative ways this problem can be solved. b. specify what she must do to complete the tasks but incorporate any suggestions she may have. c. define the steps necessary for her to complete the assigned tasks and monitor her performance frequently. d. let her know about the lack of follow-through and give hermore time to improve her performance.

Answers: 1

continue

Business, 22.06.2019 22:00, thruhdyjgrt

Acompany's sales in year 1 were $300,000, year 2 were $351,000, and year 3 were $400,000. using year 2 as a base year, the sales percent for year 3 is

Answers: 2

continue

Business, 23.06.2019 02:00, rohan13

Opportunity cost is calculated by which of the following? a. adding the value of all lost opportunities. b. subtracting all costs from the total benefit. c. calculating the cost of time, energy, and sacrifice. d. finding the value of the best option that is not chosen.

Answers: 1

continue

You know the right answer?

In the jk partnership, jacob's capital is $140,000, and katy's is $40,000. they share income in a 3:...