Answer: Option (D) is correct.
Explanation:
Given that,
Ron's capital = $80,000
Stella's = $75,000
Tiffany's = $50,000
Income sharing ratio = 3:2:1
Tiffany is retiring from the partnership
Amount paid to Tiffany = $56,000
Bonus = Amount paid to Tiffany - Tiffany's capital
= $56,000 - $50,000
= $6,000
Above bonus is 1/6th of goodwill.
Therefore, the total amount of goodwill recorded would be:
Goodwill = 
= $36,000
You need to send email and schedule a meeting to handle this disagreement.
<h3><u>How to handle such disagreements ?</u></h3>
- In the business sector, conflict resolution is essential since it helps to distinguish between excellent and poor companies. What procedures should you use as a business owner to resolve a dispute?
- The points you can follow are:
- 1. Identify the conflict's root cause.
- 2. Go somewhere private and safe to discuss.
- 3. Actively listen to what everyone has to say.
- 4. Examine the problem.
- 5. Find solutions to achieve the shared objective.
- 6. Determine the appropriate course of action and the roles that each party must play in the resolution.
- 7. Assess the situation and determine future preventive measures.
- Everyday conflict is a part of life. With your family, friends, or coworkers, you may disagree. However, there are a number of dispute resolution techniques you may use to make sure this problem is insurmountable.
- The achievement of corporate goals depends on managing and resolving conflict at work. Therefore, if there are any issues or conflicts between your employers, search for the best approaches to handle the matter.
To view similar question on handling disagreement, refer to:
brainly.com/question/12752561
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Answer:
He can Claim a 50% deduction on the Schedule C Business Expense Deductions
Explanation:
Business Meals fall under the category of the small businesses tax deductions made available under Schedule C by the Internal Revenue Service that can small businesses can take advantage of.
- The business owner or employee must be present at the meal.
- The meal must not be extravagant under any circumstances.
- The meal must be an ordinary and necessary part of carrying on businesses.
Gary as a self-employed accountant is a small service provider who can take advantage of this deduction.
