Partners Ken and Macki each have a $40,000 capital balance and share income and losses in a 3:2. Cash equals $20,000, noncash assets equal $120,000, and liabilities equal $60,000. If the noncash assets are sold for $50,000, and each partner is personally insolvent, Partner Macki will eventually receive cash of
A) $0.
B) $10,000.
C) $12,000.
D) $20,000.
B
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For each of the following, explain a transaction that will have the following stated effects on the accounting equation elements. A) Increase one asset, decrease one asset, and increase a liability. B) Increase an asset and increase stockholders' equity. C) Decrease an asset and decrease a liability. D) Increase an asset and increase a liability. E) Increase one asset and decrease another asset
Voluntary payroll deductions may include all of the following except
A) charity donations. B) 401K deductions. C) group health insurance. D) FICA taxes.
Electronic technologies have made it possible to settle disputes online. However, arbitration is not possible in electronic dispute resolution.
What will be an ideal response?
The SWOT analysis is a process of ______ an organization’s available resources in order to make the most of strengths and opportunities while ______ danger to the organization from its weaknesses and threats.
A. balancing; minimizing B. balancing; eliminating C. identifying; clarifying D. practicing; replicating