When a partnership is liquidated, the journal entry to pay the claims of creditors would include a debit to

1 answer:

4 0

When a partnership is liquidated, the journal entry to pay the claims of creditors would include a debit to:

B.) each individual creditor and a credit to cash.

When you liquidate a partnership, liabilities must be paid off before partner's investments can be returned to them. In this way, all creditors will be satisfied even if the partner's capital experienced a loss.

You might be interested in

Two years from now, your mother will receive the first of three annual payments of $20,000 from a small business project. If she

Zarrin [17]

Answer:

i think FV(10) is 110,000.

Explanation:

Suppose today is 1/1/2000, two years from now, ur mom will get the first payment in 2002, and then the second is 2003, and the last is in 2004. U can calculate those number to bring it back to 2000, so u can calculate PV= 46,446 .Then, from 2004, ur mom plans to retire six years later from 2004, which means,2010 (she will begin retire in 2010, last day of 2009, 31/12/2009). Then u will calculate the FV= PV.(1+9%)^10= 110,000

5 0

2 years ago

Use the following table for the problem below.

baherus [9]

Answer:

No option is correct:

A. Larry offers Curly 1 ping-pong ball for 1/4 of a hat.
B. Curly offers Larry 1 hat for 3 ping-pong balls.
C. Curly offers Larry 1 hat for 4 ping-pong balls.
D. Larry offers Curly 1 ping-pong ball for 1/3 hat.

In order for Curly to win and Larry lose, Curly must offer 1 hat in exchange for 6 or more ping-pong balls.

Option A: Larry wins 1 ping-pong ball.
Option B: Larry wins 2 ping-pong balls.
Option C: Larry wins 3 ping-pong balls.
Option D: Larry wins 0.13 of a hat.

Explanation:

Opportunity costs are the benefits lost or extra costs associated to choosing one investment or activity over another alternative.

In this case, Larry can either have 1 hat or 5 ping-pong balls. Curly can have 1 hat or 2 ping-pong balls.

6 0

2 years ago

Many young people must do which of the following in order to acquire job training?

bekas [8.4K]

Answer:

The answer is D

Explanation:

In order to achieve your goals one will want to read about there chosen job.

7 0

2 years ago

A(n) _____ organization can be best defined as one in which there is very little hierarchy; each employee is multi-talented and

zaharov [31]

The correct answer is: "organic" .
______________________________________________

4 0

3 years ago

Dr. ob has been hired to evaluate the effectiveness of the xyz company's training program in increasing worker productivity. in

GaryK [48]

Dr. Ob has been hired to evaluate the effectiveness of the XYZ company's training program in increasing worker productivity. In this example, the dependent variable is Worker productivity.

Employee productivity, often known as worker productivity, is a measure of a worker's or a group of workers' efficiency. Productivity can be determined by looking at an employee's output over a certain length of time.

The corporate sector in the United States has been able to produce nine times more goods and services since 1947 while just slightly increasing the number of hours worked. Productivity gains enable a rising economy to produce and consume more goods and services while using the same quantity of labor.

To increase productivity within an organization, the following actions can be taken:

To promote the opportunity for learning.
Make technology available to employees.
Put the company's culture front and center.
Boost communication protocol security.
Determine your goals and match your performance to them.

To know more about worker productivity refer to: brainly.com/question/26722911

#SPJ1

5 0

1 year ago