Business, 24.06.2021 18:50 robert7248
Rex and Kelsey are partners who share income in the ratio of 3:2. Their capital balances are $95,000 and $140,000, respectively. Income Summary has a credit balance of $40,000 after the second closing entry. What is Rex's capital balance after closing Income Summary to the capital accounts? a.$71,000 b.$119,000 c.$146,000 d.$111,000
Answers: 3
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Business, 22.06.2019 19:00
20. to add body to a hearty broth, you may use a. onions. b. pasta. c. cheese. d. water.
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Business, 22.06.2019 19:40
Banana computers has decided to procure processing chips required for its laptops from external suppliers instead of manufacturing them in their own facilities. how will this decision affect the firm? a. the firm will be protected against the principal-agent problem. b. the firm's administrative costs will be low because of necessary bureaucracy. c. the firm will have more flexibility in purchasing and comparing prices of goods and services. d. the firm will have high-powered incentives, such as hourly wages and salaries.
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Business, 23.06.2019 02:00
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Answers: 1
Rex and Kelsey are partners who share income in the ratio of 3:2. Their capital balances are $95,000...
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