Business, 22.03.2020 10:32 hellokitty9440
Teri, Doug, and Brian are partners with capital balances of $20,000, $30,000, and $50,000, respectively. They share income and losses in the ratio of 3:2:1. Revenue accounts for the period total $350,000. Expense accounts for the period total $380,000. The revenue and expense accounts are closed to the capital accounts. Doug withdraws from the partnership. How much cash does he receive upon withdrawal?
Answers: 2
= $ 10,000Another question on Business
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Teri, Doug, and Brian are partners with capital balances of $20,000, $30,000, and $50,000, respectiv...
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