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lapo4ka [179]
3 years ago
7

Fontaine and Monroe are forming a partnership. Fontaine invests a building that has a market value of $334,000; the partnership

assumes responsibility for a $117,000 note secured by a mortgage on the property. Monroe invests $92,000 in cash and equipment that has a market value of $67,000. For the partnership, the amounts recorded for the building and for Fontaine's Capital account are:
Business
1 answer:
babunello [35]3 years ago
4 0

Answer:

Building= $334,000

Fontaine's capital account= $217,000

Explanation:

From the question above

Fountain company and Monroe company come together to form a partnership.

Fontaine invests a building that has a market value of $334,000

The partnership takes charge for a $117,000 note secured by a mortgage on the building

Monroe invests $92,000 on cash and equipments

The cash and equipments has a market value of $67,000

Therefore the amount recorded for the building is $334,000

The amount recorded for Fontaine's capital account is

= $334,000-$117,000

= $217,000

Hence for the partnership the amounts recorded for the building and fontaine's capital account is $334,000 and $217,000 respectively.

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Answer:

Developed nations have an economic and moral responsability to help developing contries achieve sustainable development goals not only because developed nations have more money, but also because they are the main originators of climate change.

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7 0
3 years ago
List four decision making techniques
Elenna [48]
Command – decisions are made with no involvement.
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3 0
3 years ago
Alma owns fifty shares of common stock in Alpha Corporation. Alma also owns eighty shares of preferred stock in the same corpora
andreyandreev [35.5K]

Given the situation described above, Alma will be able to cast <u>50 votes</u>.

This is because common stock gives voting rights to shareholders. And given that Alma has 50 shares of common stocks. Therefore, he would be able to cast 50 votes.

On the other hand, preferred stocks give no voting rights to shareholders.

However, preferred shareholders have preference over a company's revenue or earnings, which implies that they are paid dividends before common shareholders.

Hence, in this case, it is concluded that the correct answer is "50 votes."

Learn more here: brainly.com/question/3518273

3 0
3 years ago
Real property is real estate owned by individuals and businesses.<br><br><br> t or f
rusak2 [61]

Answer:

T

Explanation:

Hope that helps

6 0
3 years ago
Help!
natali 33 [55]

Answer:

B) Pay bills when they are due.

Explanation:

A loan can be defined as an amount of money that is being borrowed from a lender and it is expected to be paid back at an agreed date with interest.

Generally, the financial institution such as a bank lending out the sum of money usually requires that borrower provides a collateral which would be taken over in the event that the borrower defaults (fails) in the repayment of the loan.

A credit score can be defined as a numerical expression between 300 - 850 that represents an individual's financial history and credit worthiness. Therefore, a credit score determines the ability of a borrower to obtain a loan from a lender.

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Generally, it's recommended that loans or bills are paid on a timely basis or as at when due in order to obtain a good credit score.

Hence, a way to establish a good credit record (score) is to pay bills when they are due.

6 0
3 years ago
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