Immediately prior to the admission of allen, the sanson-jeremy partnership assets had been adjusted to current market prices and the capital balances of sanson and jeremy were $80,000 and $120,000 respectively. if the parties agree that the business is worth $240,000, what is the amount of bonus that should be recognized in the accounts at the admission of allen?
a. $40,000 b. $60,000 c. $100,000 d. $80,000

The law of demand is the assertion that ?

Jennifer purchased a house in a brand new development in the outskirts of town. when her house was built, the nearest fire department was nearly 20 miles away. as her neighborhood developed, the density of the community called for a new fire department 1.5 miles away. what effect will the new fire station have on her homeowners insurance premium? a. a new fire department will be more demanding on local taxes. her annual premium will go up. b. the location of a fire department has no bearing on the value of her house. her annual premium will stay the same. c. the new fire department will reduce the risk of financial loss in her home. her annual premium should decrease. d. with a fire department so close (less than 5 miles), financial risk on jennifer’s home practically disappears. she will not need to pay insurance anymore.

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