Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. if ameen & bilal have a partnership, ameen cap

If Ameen & Bilal have a partnership, Ameen Capital $ 24,000 and Bilal capital $...

90.2K

Verified Solution

Question

Accounting

If Ameen & Bilal have a partnership, Ameen Capital $ 24,000 and Bilal capital $ 16,000.the income divided equally , Kamal intended to admit the partnership for 20% interest, Using Goodwill approach, to record the journal entry to admit Kamal.if he paid 1)10,000$ 2) 12,000$

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Finance
1.2K views

The forecasted dividend per share in 2019 (it is 2011 in the case) is $1.21. If...

Basic Math
1.2K views

what is the difference between direct and inverse variation? what are some examples of each type?

Advance Math
1.2K views

What is the number of group homomorphisms from z12 to z13?

Biology
1.2K views

Experiment 2 Enzyme Denaturation by pH What were the colors of each of your solutions...

Basic Math
1.2K views

Find the present value of the given amounts F with the indicated annual rate of...

Algebra
1.2K views

Given that g(x)=x-2x-6, find (g o g)(-3).

Algebra
1.2K views

Given that a that sequence Oan 2n 1 O an S 3 and a5 O...

Accounting
1.2K views

Grand Corporation reported pretax book income of $672,500. Tax depreciation exceeded book depreciation by $550,000....

Accounting
1.2K views

Blossom Ltd. reported the following income for each of the years indicated. For each year,...

Accounting
1.2K views

Moon, Inc. has 5,000 shares of 5%, $100 par value preferred stock outstanding and 50,000...

Accounting
1.2K views

Ray Company provided the following excerpts from its Production Department's flexible budget performance report. Required:...

Finance
1.2K views

When a risk-averse agent chooses the optimal weight of risk-free and risky portfolios for her...