nu loss ratios in the MRS Partnership are as follows Capital Profit and Partner Balance loss ratio B. McLaren $83,000 41

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nu loss ratios in the MRS Partnership are as follows Capital Profit and Partner Balance loss ratio B. McLaren $83,000 41

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Nu Loss Ratios In The Mrs Partnership Are As Follows Capital Profit And Partner Balance Loss Ratio B Mclaren 83 000 41 1
Nu Loss Ratios In The Mrs Partnership Are As Follows Capital Profit And Partner Balance Loss Ratio B Mclaren 83 000 41 1 (35.44 KiB) Viewed 11 times
Nu Loss Ratios In The Mrs Partnership Are As Follows Capital Profit And Partner Balance Loss Ratio B Mclaren 83 000 41 2
Nu Loss Ratios In The Mrs Partnership Are As Follows Capital Profit And Partner Balance Loss Ratio B Mclaren 83 000 41 2 (27.5 KiB) Viewed 11 times
Nu Loss Ratios In The Mrs Partnership Are As Follows Capital Profit And Partner Balance Loss Ratio B Mclaren 83 000 41 3
Nu Loss Ratios In The Mrs Partnership Are As Follows Capital Profit And Partner Balance Loss Ratio B Mclaren 83 000 41 3 (23.58 KiB) Viewed 11 times
Nu Loss Ratios In The Mrs Partnership Are As Follows Capital Profit And Partner Balance Loss Ratio B Mclaren 83 000 41 4
Nu Loss Ratios In The Mrs Partnership Are As Follows Capital Profit And Partner Balance Loss Ratio B Mclaren 83 000 41 4 (29.5 KiB) Viewed 11 times
Nu Loss Ratios In The Mrs Partnership Are As Follows Capital Profit And Partner Balance Loss Ratio B Mclaren 83 000 41 5
Nu Loss Ratios In The Mrs Partnership Are As Follows Capital Profit And Partner Balance Loss Ratio B Mclaren 83 000 41 5 (26.61 KiB) Viewed 11 times
nu loss ratios in the MRS Partnership are as follows Capital Profit and Partner Balance loss ratio B. McLaren $83,000 41% P. Ready 70,000 34% D. Symes 41,500 25% Assume Symes withdraws from the partnership on December 31 of the current year under each of the following independent conditions: (a) Symes is paid $38,500 cash from partnership assets. (b) Symes is paid $47,500 cash from partnership assets. (c) McLaren and Ready agree to purchase Symes' equity by paying $21.750 each from their personal assets. Each purchaser receives 50% of Symes' equity. (d) Ready agrees to purchase all of Symes' equity by paying $43,500 cash from his personal assets. (e) McLaren agrees to purchase all of Symes' equity by paying $36,500 cash from his personal assets. Symes withdraws $41,500 cash from the partnership. (f)
(a) (b) (c) and Explanation 9 D. Symes, Capital Cash : B. McLaren, Capital : P. Ready, Capital # D.Symes, Capital # B. McLaren, Capital # P. Ready, Capital # Cash + D. Symes, Capital B. McLaren, Capital : Capital Debit 41500 Credit 38500 1 41
(c) (d) (e) (f) D. Symes, Capital # B. McLaren, Capital t P.Ready, Capital # D. Symes, Capital : P.Ready, Capital # D. Symes, Capital B. McLaren, Capital D. Symes, Capital D. Symes, Drawings # # ditions
Determine the balances in the partners' capital accounts and in total partners' equity after Symes has withdrawn, for conditions (a) and (b) above. Part (a) D. Symes, Capital (a) B. McLaren, Capital P. Ready, Capital
Total equity $ Yol P. Ready, Capital
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