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avanturin [10]
3 years ago
14

A partner withdraws from a partnership by selling her interest to another person who currently is not associated with the firm.

As a result of this transaction, the capital account balance of the other partners in the partnership a.will increase. b.will decrease. c.will remain the same. d.may increase, decrease, or remain the same.
Business
1 answer:
lapo4ka [179]3 years ago
6 0

Answer:

The correct answer is letter "C": will remain the same.

Explanation:

A partnership is an organization with two or more members running a business. They share the profits in percentage terms in proportion to their partnership value. The partnership dissolves and a new partnership is created when one of the partners is removed, retired or deceased or even when a new partner is introduced. The remaining partners' capital will be the same, for accounting purposes.

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True or false. The financial crisis hastened the ongoing process in which the financial services industry was transforming from
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True.The financial crisis hastened the ongoing process in which the financial services industry was transforming from having a few large firms to many small firms.

Explanation:

The financial crisis broke the back of many big firms especially working the stock market and exchange. Financing services were being handled by big behemoths during the time that harbored a lot of space in the industry and did not allow smaller firms to take over the tasks and succeed in their stead.

The crisis made it impossible for their business models to sustain and no one could afford a hefty sum for financial services so smaller companies with less operational costs took their place.

5 0
3 years ago
Criminal law is concerned with a. the prosecution of private individuals by other private individuals. b. the prosecution of pub
Agata [3.3K]

Answer:

d.

Explanation:

Criminal law is a branch of the United States Justice System which deals with all types of crimes. Criminal law is mostly concerned with wrongs committed against the public as a whole. Such crimes include anything that can be perceived as being threatening or harmful to the property, health or safety of the population or an individual.

4 0
3 years ago
Over the past 4 years, Cardi, age 28, has contributed a total of $20,000 to a Roth IRA. The current balance is $25,000. She was
Juliette [100K]

Answer:

$0

Explanation:

According to the scenario, computation of the given data are as follow:-

Contributed amount = $20,000

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As we know,

Taxable amount = Distribution amount - contribution amount

= $15,000 - $20,000

= - $5,000

The contribution amount is $20,000 more than the distribution amount $15,000. So distribution amount is not taxable.

She included $0 amount in her gross income this year.  

 

4 0
3 years ago
Sonya makes it a practice to consult with her staff before making major decisions that affect the department. She believes it is
grandymaker [24]
The correct option is B. Participative leaders take steps to ensure that their employees take part in making decisions that affect the company. This type of leadership is especially effective when the employees have high degree of ability and when the decisions are personally relevant to them. 
7 0
3 years ago
Arthur is a tax preparer doing business as a sole proprietor. Under what circumstances could he receive a pass-through deduction
mestny [16]

It should be noted that the condition where he'll get a pass-through deduction is that he has a taxable income.

A pass-through deduction refers to a business that isn't subject to corporate income tax. Rather, such a business is taxed at individual income tax rates.

From the information given, the condition where Arthur will get a pass-through deduction is that he has a taxable income. Also, the deduction cannot be more than 20% of the taxable income.

Learn more about taxes on:

brainly.com/question/9437038

4 0
2 years ago
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