Answer:
The Jerry's partnership basis in the bookstore at the end of the year is $23,350.
Explanation:
Workings
Contributed Capital = $ 8,000
Add: Adjusted basis of cash register = $ 350
Add: Share of Profit ($60000 X 25%) = $ 15,000
Partnership basis at the end of the year = $ 23,350
Answer: B
Or Data is charted by two different types of data.
Explanation:
I got it right
Answer: I honestly have no idea im just stupid and i need points so yea im sry bye
Explanation:
Answer: $545,454.55
Explanation:
Caroline's share of the profit would be her sharing ratio over the total ratio time the net income.
= (6 / ( 6 + 2 + 3)) * 1,000,000
= 6/11 * 1,000,000
= $545,454.545
= $545,454.55