Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. r. robert purchases a 25% interest for $61000 when

R. Robert purchases a 25% interest for $61000 when the hise, poole, Lagos partnership has...

70.2K

Verified Solution

Question

Accounting

R. Robert purchases a 25% interest for $61000 when the hise, poole, Lagos partnership has a total capital of $538800. Prior to the admission of Robert, each partner has a capital balance of $1796000, Each partner relinquishes an equal amount of his capital balance of Robert. The amount to be relinquished by Lagios is.
o 44900
o 29650
o 74550
o 37650

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

Civil Engineering
1.2K views

Design of Rigid pavement for new construction - USING AASHTO METHOD

Advance Math
1.2K views

What is Clustering? What is the purpose of clustering? What assumptions are needed for clustering? Why do you...

Calculus
1.2K views

y 5 cos x 1 amplitude period horizontal shift Graph one complete period y H...

Calculus
1.2K views

Question 2 Solve this system of equations 4y x 4x No solution 4y 17 20

Algebra
1.2K views

2 Re arrange the following formulas to solve for the indicated variable SHOW YOUR WORK...

Accounting
1.2K views

Marketers at Dare to Dream designs use the ______ method since the communication budget is...

Accounting
1.2K views

Non-compete payments should be reported by both buyers and sellers of businesses on: a. Form...

Accounting
1.2K views

$40.00 per unit, and fixed expenses total $160,000 per year. Its operating results for last...

Accounting
1.2K views

The following three accounts appear in the general ledger of Blossom Corp. during 2025. From...

Accounting
1.2K views

Current Attempt in Progress Marigold Corporation had 116,400 shares of stock outstanding on January 1,...

Accounting
1.2K views

b. a. Affordable Electronics Inc. manufactures medium-quality, reasonably priced wireless speakers for...

Finance
1.2K views

Triple A, a company selling medical tools, wants to increase its capacity to produce surgical...