Keith and Jim are partners. Keith has a capital balance of $47,000 and Jim has a capital balance of $32,000. Jim sells $15,000 of his ownership to Bill. Which of the following is TRUE of the journal entry to admit Bill?
A) Bill, Capital will be debited for $17,000.
B) Jim, Capital will be debited for $17,000.
C) Jim, Capital will be credited for $15,000.
D) Bill, Capital will be credited for $15,000.
D) Bill, Capital will be credited for $15,000.
You might also like to view...
SetPro Inc, a software firm, collects information about its marketing communication. The firm finds that 60% of the firm's target market is exposed the marketing communication, and 50% of that group is aware of the offering
Amongst the people who are aware of the offering, 70% understand the message. And 60% of that group intends to purchase, and 90% of that group actually does purchase. What is the customer response index for the buying group? A) -1.13% B) 1.13% C) 11.3% D) 90% E) 60%
Treating each customer separately and giving the perception that he or she is being treated as a unique segment by sending individualized communications is known as:
A) positioning. B) mass marketing. C) one-on-one marketing. D) selective marketing.
Response rate = number of completed interviews / number in the population
Indicate whether the statement is true or false
Overapplied factory overhead that is immaterial in amount is closed to cost of goods sold at year end
Indicate whether the statement is true or false