Burns has a capital balance of $79,000 after adjusting assets to fair market value. Van Ness contributes $43,000 to receive a 30% interest in a new partnership with Burns. Determine the amount and recipient of the partner bonus.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Burns has a capital balance of $79,000 after adjusting assets to fair market value. Van Ness contributes $43,000 to receive a 30% interest ...” in 📗 Business 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
For each of the goods below, identify the characteristics that describe each good. Note that each good will be characterized with two characteristics. Rivalrous is also referred to as rival in consumption.
Answers (1)
According to the california insurance code, what is the maximum penalty per violation for anyone who unwillfully commits an unfair method of competition?
Answers (1)
Now consider the case in which the manufacturer offers a marginal unit quantity discount for the plywood. The first 20,000 square feet of any order are sold at $1 per square foot, the next 20,000 square feet are sold at $0.
Answers (1)
In 2018, Martin Corp. acquired Glynco and recorded goodwill of $56 million. Martin considers Glynco a separate reporting unit.
Answers (1)
Royce Corp's sales last year were $250,000, and its net income was $23,000. What was its profit margin?
Answers (1)
New Questions in Business
Watching consumers' actions during the postpurchase evaluation step of the consumer decision-making process led to the development of Chipotle's best-selling product, the Multiple Choice a. fried burrito. b. soft taco. c. taco salad. d.
Answers (1)
On June 1, 2021, Andres Property Management entered into a 2-year contract to oversee leasing and maintenance for an apartment building. The contract starts on July 1, 2021.
Answers (1)
What are some effects of multinational businesses?
Answers (1)
When should you use capitalization? A. For all nouns in a sentence B. At the end of a sentence and in the footer C. At the beginning of a sentence and for proper nouns D. For verbs and nouns in a sentence
Answers (2)
A child in a child passenger restraint system (car seat) should.
Answers (1)