Mindy and Heather are partners who have agreed to allow Carol to purchase Heather's share for a direct payment of $30,000 to Heather.Mindy and Heather's previous capital balances were $10,000 and $15,000,respectively.What will be the amount in Carol's capital account?
A) $15,000
B) $10,000
C) $30,000
D) Some other number
Correct Answer:
Verified
Q84: A bonus is paid to the old
Q88: Track and Smith are partners sharing profits
Q89: A partnership can be joined by:
A) investing
Q89: Tim and Bev are partners who share
Q92: Jane invests $5,000 for a one-fourth interest
Q94: Bill pays Steve $12,000 for his $9,000
Q94: An investment by a new partner was
Q95: When a partner withdraws from a partnership,the
Q97: When a partner withdraws, the partnership may
Q100: When a partnership is dissolved:
A) it is
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents