Business, 01.11.2019 01:31 GutsnGlory

Wallace and simpson formed a partnership with wallace contributing $60,000 and simpson contributing $40,000. their partnership agreement calls for the income (loss) division to be based on the ratio of capital investments. the partnership had income of $150,000 for its first year of operation. when the income summary is closed, the journal entry to allocate partner income is:

Answers: 1

Show answers

Other questions on the subject: Business

Business, 21.06.2019 16:30, fatherbamboo

What factors excluding price affect demand

Answers: 2

continue

Business, 22.06.2019 05:40, rafa3997

According to the philosopher immanuel kant, the right of employees to know the nature of the job they are being hired to do and the obligation of a company not to deceive them in this respect is mainly reflective of the basic right of . privac yb. free consentc. freedom of speechd. freedom of consciencee. first refusal

Answers: 1

continue

Business, 22.06.2019 10:00, lm942747

What is the difference between an "i" statement and a "you" statement? a. the "i" statement is non-confrontational b. the "you" statement is non-confrontational c. the "i" statement is argumentative d. the "you" statement is neutral in tone select the best answer from the choices provided

Answers: 1

continue

Business, 22.06.2019 15:20, ashleyuchiha123

Gulliver travel agencies thinks interest rates in europe are low. the firm borrows euros at 5 percent for one year. during this time period the dollar falls 11 percent against the euro. what is the effective interest rate on the loan for one year? (consider the 11 percent fall in the value of the dollar as well as the interest payment.)

Answers: 2

continue

You know the right answer?

Wallace and simpson formed a partnership with wallace contributing $60,000 and simpson contributing...