Advanced Placement (AP)

Advanced Placement (AP)

10 May, 10:16

Profits and losses are split as follows: Allen (20 percent), Burns (30 percent), and Costello (50 percent). Costello wants to leave the partnership and is paid $100,000 from the business based on provisions in the articles of partnership. If the partnership uses the bonus method, what is the balance of Burns's capital account after Costello withdraws?

a. $24,000

+1

Answers (1)

Know the Answer?

Not Sure About the Answer?

Find an answer to your question 👍 “Profits and losses are split as follows: Allen (20 percent), Burns (30 percent), and Costello (50 percent). Costello wants to leave the ...” in 📗 Advanced Placement (AP) if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.

Search for Other Answers

You Might be Interested in

If you no da wae of a memelord com face me?

According to studies conducted on the Big Five, which of the following statements is true?

A local radio station plays 40 rock-and-roll songs during each 4-hour show. The program director at the station needs to know the total amount of airtime for the 40 songs so that time can also be programmed during the show for news and

Differences between man-to-man defense and zone defense.

A same-sex couple is denied the right to marry by the state they reside in. The couple sues the state, and the case goes to the Supreme Court. The Supreme Court rules in favor of the couple.

New Questions in Advanced Placement (AP)

If a person's body has a density of 995 kg/m³, what fraction of the body will be submerged when floating gently in (a) freshwater? (b) In salt water with a density of 1027 kg/m³?

What's the difference between the approaches of Nancy Bayley and Emmi Pikler when it comes to evaluating babies' development? A.

Evaluate each expression for a = 9, b = - 3, c = - 2, d = 7. Showyour work. 1. A - cd2. 2b3 + c2a+d-cb4. (a-b) 2 + d (a + c) 5. 4c - (b - a) ab-5a7. 2bc + d (12 - 5) 8. B + 0.5[8 - (2c + a) ]Simplify each expression using the Distributive Property.

What is the name of the convergent boundary when the denser crust slides under the less dense crust

What was the relationship among human foragers and the environment/nature, and how was it different from our relationships to other humans today and to our environment? In relation to "This Fleeting World"