Business, 30.11.2019 02:31 sara6689

The capital accounts of hawk and martin have balances of $160,000 and $140,000, respectively, on january 1, 2010, the beginning of the current fiscal year. on april 10, hawk invested an additional $10,000. during the year, hawk and martin withdrew $86,000 and $68,000, respectively, and net income for the year was $258,000. the articles of partnership make no reference to the division of net income.
based on this information, the statement of partners’ equity for 2010 would show what amount in the capital account for hawk on december 31, 2010?
a. $211,600
b.$213,000
c. $201,000
d. $203,000

Answers: 2

Show answers

Other questions on the subject: Business

Business, 21.06.2019 22:10, maddy6882

You have just received notification that you have won the $2.0 million first prize in the centennial lottery. however, the prize will be awarded on your 100th birthday (assuming you're around to collect), 66 years from now. what is the present value of your windfall if the appropriate discount rate is 8 percent?

Answers: 1

continue

Business, 21.06.2019 22:30, TexaSuperdude

For many years, kellogg's frosted flakes, a ready-to-eat breakfast cereal, was perceived as a cereal for children. tony the tiger, a cartoon character, extolled frosted flakes, and advertisements depicted children enjoying the product with tony in competitive situations. recently, in response to declining sales of frosted flakes, the cereal maker has adopted a new series of advertisements that show adults admitting that they enjoy frosted flakes, too. kellogg's is attempting to

Answers: 1

continue

Business, 22.06.2019 11:30, barn01

17. chef a says that garnish should be added to a soup right before serving. chef b says that garnish should be cooked with the other ingredients in a soup. which chef is correct? a. chef a is correct. b. both chefs are correct. c. chef b is correct. d. neither chef is correct. student c incorrect which is correct answer?

Answers: 2

continue

Business, 22.06.2019 20:00, mackle34

Qwest airlines has implemented a program to recycle all plastic drink cups used on their aircraft. their goal is to generate $7 million by the end of the recycle program's five-year life. each recycled cup can be sold for $0.005 (1/2 cent). a. how many cups must be recycled annually to meet this goal? assume uniform annual plastic cup usage and a 0% interest rate. b. repeat part (a) when the annual interest rate is 12%. c. why is the answer to part (b) less than the answer to part (a)?

Answers: 1

continue

You know the right answer?

The capital accounts of hawk and martin have balances of $160,000 and $140,000, respectively, on jan...