subject
Business, 27.03.2020 05:54 bubblegum2850

Hunter, Folgers, and Tulip have been partners while sharing net income and loss in a 5:2:3 ratio. On January 31, the date Tulip retires from the partnership, the equities of the partners are Hunter, $360,000; Folgers, $252,000; and Tulip, $180,000. Prepare journal entries to record the retirement of Tulip under the following independent assumptions. Assume Tulip is paid $180,000, $200,000, $150,000 for her equity using partnership cash. (Do not round intermediate calculations. Round final answer to the nearest whole dollar.)

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 11:30
4.     chef a says that broth should be brought to a boil. chef b says that broth should be kept at an even, gentle simmer. which chef is correct? a. neither chef is correct. b. chef a is correct. c. both chefs are correct. d. chef b is correct. student c   incorrect which is right answer
Answers: 2
question
Business, 22.06.2019 16:00
In a perfectly competitive market, the long-run market supply curve tends to be horizontal or nearly so. what is another way to state this fact? (a) market supply is much more elastic in the long run than the short run. (b) in the long run, average total cost is minimized. (c) in the long run, price equals marginal cost. (d) market supply is much less elastic in the long run than the short run.
Answers: 1
question
Business, 22.06.2019 19:50
At the beginning of 2014, winston corporation issued 10% bonds with a face value of $2,000,000. these bonds mature in five years, and interest is paid semiannually on june 30 and december 31. the bonds were sold for $1,852,800 to yield 12%. winston uses a calendar-year reporting period. using the effective-interest method of amortization, what amount of interest expense should be reported for 2014? (round your answer to the nearest dollar.)
Answers: 2
question
Business, 22.06.2019 20:30
1. what is the lowest balance during this period? 2. lily just received her bank statement below. a. what does the bank think her ending balance is? b. how much more does the bank think lily has? c. what transactions are missing? 3. what is the danger of not balancing your bank account? lily’s bank statement deposits: 2/25 $35 2/26 $20 3/1 $256.32 checks: 2/24 ck #301 $25 2/26 #302 $150 debit card: 2/24 american eagle $75.48 2/25 chick fa la $4.67 2/27 mcdonalds $3.56 2/28 chevron $34.76 withdrawal: 2/27 $40 beginning balance $423.34 deposits $311.32 total debits $333.47 ending balance $401.19
Answers: 1
You know the right answer?
Hunter, Folgers, and Tulip have been partners while sharing net income and loss in a 5:2:3 ratio. On...
Questions
question
Mathematics, 18.04.2020 02:22
Questions on the website: 13722360