The capital accounts for Hannah Henry and Kelly Hu have balances of $140,000 and $90,000, respectively. LeAnne Oswalt and Jen Paddock are admitted to the partnership. Oswalt purchases
one-fifth of Henry's interest for $35,000 and one-fourth of Hu's interest for $22,000. Paddock
contributes $75,000 cash to the partnership for which she receives an ownership equity of
$75,000. What is the balance in Oswalt's equity account following this transaction?
No bonus was involved in the transactions.

Job 456 was recently completed. the following data have been recorded on its job cost sheet: direct materials $ 2,418 direct labor-hours 74 labor-hours direct labor wage rate $ 13 per labor-hour machine-hours 137 machine-hours the corporation applies manufacturing overhead on the basis of machine-hours. the predetermined overhead rate is $14 per machine-hour. the total cost that would be recorded on the job cost sheet for job 456 would be: multiple choice $3,380 $5,298 $6,138 $2,622

Which of these makes a student loan different from other types of loans

Which of the following statements is correct? a major disadvantage of a partnership relative to a corporation is the fact that federal income taxes must be paid by the partners rather than by the firm itself. in a typical partnership, liability for other partners’ misdeeds is limited to the amount of a particular partner’s investment in the business.true in a limited partnership, the limited partners have voting control, while the general partner has operating control over the business, and the limited partners are individually responsible, on a pro rata basis, for the firm’s debts in the event of bankruptcy. partnerships have more difficulty attracting large amounts of capital than corporations because of such factors as unlimited liability, the need to reorganize when a partner dies, and the illiquidity of partnership interests.