Tucker and Titus are partners who share income in the ratio of 3:1 . Their capital balances are $40,000 and $60,000, respectively. Income Summary has a credit balance of $40,000 after the second closing entry. What is Tucker's capital balance after closing Income Summary to the capital accounts?
a. $40,000
b. $70,000
c. $10,000
d. $80,000
b
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A 90-day note dated July 9 would be due on October 9
a. True b. False Indicate whether the statement is true or false
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Which of the following is an example of a behavioral interview question?
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