1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
daser333 [38]
1 year ago
12

After all assets are sold and liabilities are settled, the partnership of Bina and Niren is liquidated. Capital balances are $30

,000 for Bina and $20,000 for Niren. Cash distributed is $50,000. The transaction to record the distribution of cash to Bina will include a (debit/credit) to Bina, Capital in the amount of $ .
Business
1 answer:
mihalych1998 [28]1 year ago
3 0

After all assets are sold and liabilities are settled, the partnership of Bina and Niren is liquidated. Capital balances are $30,000 for Bina and $20,000 for Niren. Cash distributed is $50,000. The transaction to record the distribution of cash to Bina will include a (debit/credit) to Bina, Capital in the amount of $ .<u>debit; $30,000 ( When the partnership is liquidated, the capital balances will be debited to reduce them to zero)</u>

<h3>What is Capital balances?</h3>

In international macroeconomics, the capital account is the portion of the balance of payments that keeps track of all transactions between entities in one country and entities in other countries. These exchanges involve the import and export of commodities, services, capital, as well as transfer payments like remittances and international aid. A capital account and a current account make up the balance of payments, while a more specific definition subdivides the capital account into a financial account and a capital account. The current account monitors the country's net revenue, whereas the capital account tracks changes in national ownership of assets.

The capital account in accounting displays the net worth of a company at a particular point in time.

To learn more about the Capital balances from the given link:

brainly.com/question/25765264

#SPJ4

You might be interested in
In which step of the production process are
olga2289 [7]

Answer:

a i think

Explanation:

6 0
3 years ago
Tate's annual salary is $36,460 paid twice each month. How much is
Kazeer [188]

Answer:

$93

Explanation:

Social security tax is a constant figure of 6.2% for each paycheck.

Tate's annual pay is $36,000. If she is paid twice per month, it means she has 24 paychecks. ( 12 months x 2 payments).

For each payment, she receives, $36,000 divide by 24 paychecks

=$36,000 /24

=$1500

Amount withheld for each paycheck is

=6.2% of $1500

=6.2/100 x 1500

=0.062  X 1500

=$93

8 0
3 years ago
Factors leading to the slow growth of demand in embryonic industries include all of the following except the
wolverine [178]

Answer:

C) lack of venture capital for innovative products.

Explanation:

Embryonic industries are such industries that are at the beginning stage in their life-cycle. More specifically, newly established ventures are called the embryonic industry or firm.

Options A, B, D, and E all are wrong because a new firm may not produce high qualified first products. It may not have the right complementary products, the production cost may be higher than expected, and finally, there are a few distribution points. Those lead to the slow growth of the embryonic industry.

Option C is the answer because venture capitalists like to invest in innovative products, so there should not be a lack of capital.

4 0
3 years ago
economists argue that rent control is a highly efficient way to help the poor raise their standard of living.
mote1985 [20]

Economists argue that rent control is a highly efficient way to help the poor raise their standard of living. The statement is False.

<h3>What is Economists?</h3>

An economist refers an individual who possesses deep knowledge about the connection between the production that takes place with the help of resources and the output received to determine the growth.

Rent control is a highly efficient way to help the poor raise their standard of living is False. The quantity of legal rise would be limited by rent control, and most landlords support these rules.

Therefore, the statement is False.

Learn more about Economists, here:

brainly.com/question/13372876

#SPJ2

economists argue that rent control is a highly efficient way to help the poor raise their standard of living. True/False.

5 0
2 years ago
Which of the poeple or insittiuations listed exercises the msot power over the quantity of money in the united states economy?
givi [52]

The United States has issued a variety of currency notes for use in paying income tax, making investments, and making purchases from colonial to current times. Alexander Hamilton establishes the Bank of the United States in order to create a system of credit for the government.

<h3>What does an increase in labor efficiency mean?</h3>

favorable change If the labor efficiency variance is in the company's favor, it means that the workforce is operating as it should and that the number of hours it spends producing is in line with the business's planned criteria.

<h3>What do the symbols on Continental currency designs represent?</h3>

In a number of designs of Continental Currency, the thirteen colonies that battled and vanquished Great Britain during the American Revolution are shown. These representations represent the aspirations and virtues of the colonies.

Learn more about banknotes:

brainly.com/question/15795738

#SPJ4

8 0
2 years ago
Other questions:
  • Times-Roman Publishing Company reports the following amounts in its first three years of operation:
    7·1 answer
  • Which of the following words is not spelled correctly? a. guitar c. cost b. amiga d. war
    6·2 answers
  • The Flores Family loves to go sailing on the weekends. Mr. Flores has decided to purchase a more spacious sailboat. The sailboat
    11·1 answer
  • Bailey Hill Co. uses the indirect method to determine its net cash flows from operating activities. During the course of the yea
    11·1 answer
  • A stock listing contains the following information:
    15·1 answer
  • The reason so many firms suffer aggressive, margin-eroding competition is because they've defined themselves according to operat
    10·1 answer
  • McCaffrey Corporation owned 15,000 shares of Harper Corporation’s $5 par value common stock. These shares were purchased in 2015
    6·1 answer
  • In one of the case studies in the textbook, Bill Gurado was a branch manager for a consumer-loan finance company in New Orleans
    6·1 answer
  • A small multifamily property generates $50,000 in rental income, $10,000 in expenses, and $25,000 in debt service. The property
    9·1 answer
  • QUESTION 6 of 10: Ashleigh hires a group of security staff. Each worker works an average of 80 hours per month at $14/hour. If h
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!