each partner will get $ 800
<h3>What is
partner?</h3>
A partner is a member of a partnership, which is a legal entity in which the profits and losses of a business or other venture are shared by all members. Corporations prefer partnerships because of their tax structure, which eliminates dividend taxes on owner profits.
A partner is a co-owner of a partnership, which is a type of business entity recognized by the law.
Dormant/Sleeping Partner.... 3] Nominal Partner.... 4] Partner by Estoppel.... 5] Profits Only Partner.... 6] Minor Partner.
General collaboration. A general partnership is the most fundamental type of partnership.
Limited liability company. Limited partnerships (LPs) are state-authorized business entities. ...
Limited liability company...
Limited partnership with limited liability.
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Answer:
The statement is: True.
Explanation:
Order winners are those products that customers recognize of having the minimum requirements so they can consider to purchase them and that are better than their competitors eventually making consumers buy them. Thus, firms must keep core competencies aligned to the customers' order winners.
False
Duress is used to enforce a contract, not for the rescission of a contract.
Pennies or other coins work well as models for isotopes while studying radioactivity. Other objects that can also be used in place of money are paper clips, postage stamps and rubber bands. These objects are used to produce shadowgraphs as all these objects cast shadow when these are exposed to a visible light source.
Answer:
Gain:
= Market value of assets received - (Book value of assets disposed off cost - accumulated depreciation)
= $13,000 - ($18,000 - $8,000)
= $13,000 - $10,000
= $3,000
Therefore, the journal entry is as follows:
Cash A/c Dr. $13000
Accumulated depreciation A/c Dr. $8,000
To equipment $18000
To gain on sales $3000.
(To record the sale of the equipment)