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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Answer the following statement true (T) or false (F)
________ occurs when the employee acquires the right to the contributions made on his or her behalf by the employer
Fill in the blanks with correct word
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