Apartner withdraws from a partnership by selling her interest to another person who currently is not associated with the firm. as a results of this transaction, the capital account balance of the other partners in the partnership
a. will remain the same.
b. may increase, decrease, or remain the same.
c. will increase.
d. will decrease
Answers: 3
Business, 21.06.2019 23:50
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Business, 22.06.2019 03:00
Sonic corp. manufactures ski and snowboarding equipment. it has estimated that this year there will be substantial growth in its sales during the winter months. it approaches the bank for credit. what is the purpose of such credit known as? a. expansion b. inventory building c. debt management d. emergency maintenance
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What is the equity method balance in the investment in lindman account at the end of 2018?
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River corp's total assets at the end of last year were $415,000 and its net income was $32,750. what was its return on total assets? a. 7.89%b. 8.29%c. 8.70%d. 9.14%e. 9.59%
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