subject

Profits and losses are split as follows: Allen (20 percent), Burns (30 percent), and Costello (50 percent). Costello wants to leave the partnership and is paid $100,000 from the business based on provisions in the articles of partnership. If the partnership uses the bonus method, what is the balance of Burns’s capital account after Costello withdraws?

a. $24,000

ansver
Answers: 1

Another question on Advanced Placement (AP)

question
Advanced Placement (AP), 23.06.2019 07:20
Which of the following is not a feature of the surface mining control and reclamation act? regulation of surface coal mines repayment of loss of benefits to ill mine workers restoration of lands to pre-mining conditions retroactivity return of land to original topography
Answers: 3
question
Advanced Placement (AP), 23.06.2019 13:30
Free points + free ! if answered correctly which of these is not a good tip for passing? a. make sure you are on an area of road where it is legal and safe to pass. b. always drive at a safe speed at or below the speed limit. c. you may reduce your following distance below four seconds when passing. d. make sure there is a safe gap in traffic before you change lanes.
Answers: 2
question
Advanced Placement (AP), 24.06.2019 08:30
Which of the following departments would be included in a state government's public safety function? department of education department of emergency management department of environmental protection department of banking and consumer finance
Answers: 3
question
Advanced Placement (AP), 27.06.2019 09:30
How would you use a nuclear device to prevent an asteroid from hitting earth? a. use the device to blow up the asteroid b. use the device to blow up part of the asteroid and deflect it c. detonate the device in proximity to the asteroid to deflect it d. use the mass of the device to slingshot the asteroid out of orbit
Answers: 1
You know the right answer?
Profits and losses are split as follows: Allen (20 percent), Burns (30 percent), and Costello (50 pe...
Questions
Questions on the website: 13722363