Fontaine and Monroe are forming a partnership. Fontaine invests a building that has a market value of $250,000; the partnership assumes responsibility for a $75,000 note secured by a mortgage on the property. Monroe invests $100,000 in cash and equipment that has a market value of $55,000. For the partnership, the amounts recorded for the building and for Fontaine's Capital account are:
A. Building $250,000; Fontaine, Capital $175,000.
B. Building $250,000; Fontaine, Capital $75,000.
C. Building $175,000; Fontaine, Capital $75,000.
D. Building $175,000; Fontaine, Capital $175,000.
E. Building $250,000; Fontaine, Capital $250,000.
Answer: A
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A rumor has been going around that Great Western Beef Co., Inc., is closing its packing plant in Lincoln, Nebraska. According to the rumor, a local health department official stopped a truck on its way through the front gate of the plant and discovered that it was full of dead cats. Subsequent investigation revealed that the company had been augmenting its alleged beef products with cat meat. As president of the company, Todd knows that this is absurd-all except the part about the plant closing, which is a consequence of company restructuring. He and his chief information officer have dealt with damage control internally, but the issue still needs to be addressed with the public at large. Todd should
A. do his best to ignore the rumor entirely and reply "no comment" to any questions because the plant closings are really an internal company matter. B. hold a press conference personally, announce that the plant is closing, and explain why without alluding to the rumor. C. have the chief information officer address the cat rumor through a press conference and a series of television commercials. D. put together an advertising campaign that portrays Great Western as an all-American company that has fallen on hard times and regrettably must restructure. E. arrange for one of the front-line workers to go before the media and explain that he has worked at the plant for years and never seen anything odd in the meat there.
A major advantage that social media marketing offers companies is its ability to ________
A) create direct relationships with customers B) track youthful consumers C) make print media obsolete D) bypass rational thought channels
If a wife inherits a mink coat from her grandmother before her marriage, that mink coat will be considered:
A) a marital asset. B) a separate asset. C) an item of divisible property. D) an item that can be included in community property.
My sister, ________ lives in Texas, owns three small dogs
a. whom b. who