A local partnership has only two assets (cash of $10,000 and land with a cost of $35,000) All liabilities have been paid and the following capital balances are currently being recorded The partners share profits and losses as follows All partners are insolvent

Brown, capital (40%)

$25,000

Fish, capital (30%)

15,000

Stone, capital (30%)

5,000

a. If the land is sold for $25,000, how much cash does each partner receive in a final settlement?

b. If the land is sold for $15,000, how much cash does each partner receive in a final settlement?

c. If the land is sold for $5,000, how much cash does each partner receive in a final settlement?

Use the following account numbers and corresponding account titles to answer the following question. account no. account title (1) cash (2) merchandise inventory (3) cost of goods sold (4) transportation-out (5) dividends (6) common stock (7) selling expense (8) loss on the sale of land (9) sales which accounts would appear on the income statement?

Ancho corp. is an automobile company whose core competency lies in manufacturing petrol- and diesel- based cars. the company realizes that more of its potential customers are switching to electric cars. the r& d department of the company acquires competencies in developing electric cars and launches its first hybrid car, which uses both gas and electricity. in this scenario, ancho is primarilya. leveraging new core competencies to improve current market position. b. redeploying existing core competencies to compete in future markets. c. unlearning existing core competencies to create and compete in markets of the future. d. building new core competencies to protect and extend current market position

Acontinental polar air mass foms where