subject
Business, 24.09.2020 14:01 jsilsby

Mace and Bowen are partners and share equally in income or loss. Mace's current capital balance is $141,000 and Bowen's is $125,000. Mace and Bowen agree to accept Kent with a 30% interest in the partnership. Kent invests $121,000 in the partnership. The balances in Mace's and Bowen's capital accounts after admission of the new partner equal:. A. Mace $195,000; Bowen $170,000.
B. Mace $188,500; Bowen $163,500.
C. Mace $195,000; Bowen $183,000.
D. Mace $208,000; Bowen $170,000.
E. Mace $201,500; Bowen $176,500.

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 09:00
Brian has been working for a few years now and has saved a substantial amount of money. he now wants to invest 50 percent of his savings in a bank account where it will be locked for three years and gain interest. which type of bank account should brian open? a. savings account b. money market account c. checking account d. certificate of deposit
Answers: 1
question
Business, 22.06.2019 10:10
An investment offers a total return of 18 percent over the coming year. janice yellen thinks the total real return on this investment will be only 14 percent. what does janice believe the inflation rate will be over the next year?
Answers: 3
question
Business, 22.06.2019 15:30
Susan is a 5th grade teacher and loves getting up every day and going to work to teach her students. this is an example of a. extrinsic value b. interests c. intrinsic value d. external value
Answers: 2
question
Business, 22.06.2019 16:30
Which of the following has the largest impact on opportunity cost
Answers: 2
You know the right answer?
Mace and Bowen are partners and share equally in income or loss. Mace's current capital balance is $...
Questions
question
Arts, 24.02.2021 04:20
question
Mathematics, 24.02.2021 04:20
question
Social Studies, 24.02.2021 04:20
question
Biology, 24.02.2021 04:20
question
Chemistry, 24.02.2021 04:20
question
Mathematics, 24.02.2021 04:20
Questions on the website: 13722361