Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. kirk invests s60,000 for a one third interest in a

Kirk invests S60,000 for a one third interest in a partnership in which two other...

90.2K

Verified Solution

Question

Accounting

image
Kirk invests S60,000 for a one third interest in a partnership in which two other partners, Steve and Paul had capitals totaling $60,000 before admitting Kirk. What amount will be credited to ? a $30,000 b. 560,000 c. $40,000 d. 390.000

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

Basic Math
1.2K views

The line through 1 5 and parallel to the line through 5 1 and 4...

Finance
1.2K views

MACRS Fixed Annual Expense Percentages by Recovery Class????????? ??Year ?3-Year ?5-Year ?7-Year ?10-Year ????1 ?33.33% ?20.00% ?14.29% ?10.00% ????2 ?44.45% ?32.00% ?24.49% ?18.00% ????3 ?14.81% ?19.20% ?17.49% ?14.40% ????4 ? 7.41% ?11.52% ?12.49% ?11.52% ????5 ?11.52% ?8.93% ?9.22% ????6 ? 5.76% ?8.93% ?7.37% ????7 ?8.93% ?6.55% ????8 ?4.45% ?6.55% ????9 ?6.55% ??10 ?6.55% ??11 ?3.28% Project cash flow and NPV. The managers...

Statistics
1.2K views

The Ball Corporation's beverage can manufacturing plant in Fort Atkinson, Wisconsin, uses a metal supplier that...

Physics
1.2K views

128 Potential difference between A and B in the figure shown is 6 V 12...

Calculus
1.2K views

6 The information below shown in table form represents sets of regional sales figures in...

Calculus
1.2K views

Use the given graphs of the function f left in blue and g right in...

Algebra
1.2K views

The population P of a bacteria culture is modeled by P 3300e where t is...

Accounting
1.2K views

Shown below is information relating to the stockholders' equity of Ozone Corporation at...

Accounting
1.2K views

El 1 de enero de 2019, un inversionista compra 18,000 acciones ordinarias de una participada...

Accounting
1.2K views

Capital Labor 0 1 2 3 4 5 6 7 8 9 ...

Accounting
1.2K views

How is this calculated? Here are selected data for Sally Day Corporation....

Accounting
1.2K views

Hancock Company, a merchandising company, prepares its master budget on a quarterly basis. The following...