The balance sheet of the Troy Partnership at September 30, 2016, shows: The partners share income equally. Zeke invests
Posted: Sun Jul 03, 2022 1:08 pm
The balance sheet of the Troy Partnership at September 30, 2016,shows:
The partners share income equally. Zeke invests $125,000 and isadmitted as an equal partner. The bonus method is used. Capitalaccounts of the partners after Zeke's admission are
a.Thomas $120,000, Renee $90,000, Oscar $60,000, Yvonne $30,000,Zeke $125,000.
b.Thomas $131,250, Renee $101,250, Oscar $71,250, Yvonne$41,250, Zeke $80,000.
c.Thomas $130,000, Renee $100,000, Oscar $70,000, Yvonne$40,000, Zeke $85,000.
d.Thomas $170,000, Renee $140,000, Oscar $110,000, Yvonne$80,000, Zeke $125,000.
The partners share income equally. Zeke invests $125,000 and isadmitted as an equal partner. The bonus method is used. Capitalaccounts of the partners after Zeke's admission are
a.Thomas $120,000, Renee $90,000, Oscar $60,000, Yvonne $30,000,Zeke $125,000.
b.Thomas $131,250, Renee $101,250, Oscar $71,250, Yvonne$41,250, Zeke $80,000.
c.Thomas $130,000, Renee $100,000, Oscar $70,000, Yvonne$40,000, Zeke $85,000.
d.Thomas $170,000, Renee $140,000, Oscar $110,000, Yvonne$80,000, Zeke $125,000.