Answer:
The journal entry would be passed as the accounts are closed, which is shown below:
Explanation:
As the books are closed, then the correction would be made against the capital accounts of the partners. And the following Journal entry would be made as:
Land A/c................................Dr $30,000
A's Capital A/c..................Cr $15,000
B's Capital A/c..................Cr $9,000
C's Capital A/c..................Cr $6,000
Working Note:
The amount of land is to be proportionate as the ratio of the partners which is computed as:
A's Capital A/c = Land amount × Ratio of A / Sum of ratios
= $30,000 × 5 / 10
= $15,000
B's Capital A/c = Land amount × Ratio of A / Sum of ratios
= $30,000 × 3 / 10
= $9,000
C's Capital A/c = Land amount × Ratio of A / Sum of ratios
= $30,000 × 2 / 10
= $6,000
Answer:
investing
Explanation:
it is good to invest your money in things that you know will be of greater value in the future. For example, "Apple statistics" states that If you had bought $1,000 worth of Apple shares on January 9, 2007, the day Steve Jobs unveiled the original iPhone at MacWorld 2007, your investment would now be worth $26,103.
Answer: The court will apply the predominant-purpose test to determine whether the predominant purpose of the contract was the sale of goods in which case the UCC would apply.
Explanation:
Based on the information given in the question, we should note that the court will apply the predominant-purpose test to determine whether the predominant purpose of the contract was the sale of goods in which case the UCC would apply.
We should note that under a predominant purpose test, it will apply when the transaction involved is Mena for goods sales and not for the service sales.
Answer:
The correct word for the blank space is: product life cycle.
Explanation:
The product life cycle is the period of time during which a product is conceived and developed, brought to market and late removed from the market. The cycle includes four (4) stages: <em>research and introduction, promotion and growth, maturity, </em>and <em>decline</em>.
