Abby and Bailey are partners who share income in the ratio of 2:1 and have capital balances of $60,000 and $30,000, respectively. With the consent of Bailey, Sandra buys one-half of Abby's interest for $35,000 . For what amount will Abby's capital account be debited to record admission of Sandra to the partnership?
a. $40,000
b. $15,000
c. $35,000
d. $30,000
d
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Consumer behavior is best described as a(n) ________ process
A) impersonal B) subliminal C) ongoing D) affective E) cognitive
How did the development of limited liability legislation and the joint stock company produce problems of management and how were they resolved in the period 1870 – 1920?
What will be an ideal response?
A ________ is a defensive strategy built into the target corporation's articles of incorporation, corporate bylaws, or contracts and leases that can be adopted to defeat a tender offer
A) greenmail agreement B) Pac-Man tender offer C) white knight merger D) poison pill