Phil phoenix and tim tucson are partners in an electrical repair business. their respective capital balances are $87,100 and $48,200, and they share profits and losses equally. because the partners are confronted with personal financial problems, they decided to admit a new partner to the partnership. after an extensive interviewing process they elect to admit don dallas into the partnership. prepare the journal entry to record the admission of don dallas into the partnership under each of the following conditions: 1. don acquires one-fourth of phil’s capital interest by paying $31,100 directly to him. 2. don acquires one-fifth of each of phil’s and tim’s capital interests. phil receives $24,500 and tim receives $14,600 directly from don. 3. don acquires a one-fifth capital interest for a $60,800 cash investment in the partnership. total capital after the admission is to be $196,100. 4. don invests $39,220 for a one-fifth interest in partnership capital. implicit goodwill is to be recorded.

Uppose that the federal reserve purchases a bond for $100,000 from donald truck, who deposits the proceeds in the manufacturer’s national bank. what will be the impact of this purchase on the supply of money? the money supply will increase by $100,000. the money supply will increase by $80,000. the money supply will increase by $500,000. this action will have no effect on the money supply. if the reserve requirement ratio is 20 percent, what is the maximum amount of additional loans that the manufacturer’s bank will be able to extend as the result of truck’s deposit? the maximum additional loans is $100,000. the maximum additional loans is $80,000. the maximum additional loans is $20,000. the maximum additional loans is $500,000. given the 20 percent reserve requirement, what is the maximum increase in the quantity of checkable deposits that could result throughout the entire banking system because of the fed’s action? this action will have no effect on the money supply. the money supply will eventually increase by $80,000. the money supply will eventually increase by $500,000. the money supply will eventually increase by $100,000.

What has caroline's payment history been like? support your answer with two examples

Why does an organization prepare a balance sheet? a. to reveal what the organization owns and owes at a point in time b. to reveal how well the company utilizes its cash c. to calculate retained earnings for a given accounting period d. to calculate gross profit for a given accounting period