Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. jell and dell were partners each with capital bala

Jell and Dell were partners each with capital balances of 800 and an income sharing...

80.2K

Verified Solution

Question

Accounting

Jell and Dell were partners each with capital balances of 800 and an income sharing ratio of 2:3. They admitted Zell to a 30% interest in the partnership and the total amount of goodwill credited to the original partners was $700. What amount did Zell contribute to the business?

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

Find the duration of a 5% coupon bond making annual coupon payments if it has three...

Physics
1.2K views

One of the particle accelator technologies is cycotron. Please explain principle contruction, working and limitations of cycotron.

Mechanical Engineering
1.2K views

Give an example of how annealing is used in an engineering application. Also, briefly explain how...

Mechanical Engineering
1.2K views

In a slab of material 0.25 m thick and having a thermal conductivity of 45 W/mK,...

Physics
1.2K views

24 A disc of radius R 2m moves as shown in the figure with a...

Physics
1.2K views

A non conducting sphere of radius 10 cm has a charge 3 mC distributed uniformly...

Calculus
1.2K views

Write log 8 using natural logarithms Note When entering natural log in your answer enter...

Algebra
1.2K views

Find the axis of symmetry and vertex from the graph below X Vertex 3 y...

Algebra
1.2K views

Let q represent the following statement q Chris can sing Symbolically express the statement Chris...

Accounting
1.2K views

Cullumber Construction Company has entered into a contract beginning January 1, 2025, to...

Accounting
1.2K views

Under job order costing system, which off the following costs would be recorded as debit...

Accounting
1.2K views

Sheffield Corp. sold goods with a total selling price of $801,200 during the year. It...