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3 years ago

A partnership can be terminated by which of the following

Business

2 answers:

just olya [345]3 years ago

7 0

The correct answer is D, All of the above.

A partnership can be terminated by Bankruptcy, Death of a partner, Agreements by partners.

A partnership is a form of business in which two or more people come together to run a business on percentage basis. All the partners are liable for any loss that may incur. A formal agreement is signed between the partners, discussing the terms and conditions in it. There are possibilities of terminating the partnership. These could be the death of any partner, bankruptcy, or indicated by them in the agreement.

Tanya [424]3 years ago

5 0

Answer

A Partnership can be terminated by bankruptcy, death of a partner and agreement by partners. The answer is D. all of the above.

Explanation

Terms leading to the termination and dissolution of a partnership should be specified in a partnership agreement. The terms may include all the events that might lead to termination of the agreement. A partnership can terminate if the expiry date is reached, when the project is completed, death of a partner, bankruptcy of a partner, illegality of activities and a court application for an order of termination.

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On July 1, 2021, an interest payment date, $153000 of Oriole Company bonds were converted into 3070 shares of Oriole Company com

Stolb23 [73]

Answer:

$17,900

Explanation:

= ($153,000-$5,900-(3070*45))*2

= ($153,000 - $5,900 - $138,150)*2

= ($8,950)*2

= $17,900 - increase in paid-in capital in excess of par

NB - When a company issues bonds, it incurs a long-term liability on which periodic interest payments must be made, usually twice a year.

3 0

4 years ago

Palmona Co. establishes a $330 petty cash fund on January 1. On January 8, the fund shows $237 in cash along with receipts for t

alexandr402 [8]

Answer:

The following information was missing:

"... with receipts for the following expenditures: postage, $36; transportation-in, $13; delivery expenses, $15; and miscellaneous expenses, $25. Palmona uses the perpetual system in accounting for merchandise inventory.

Prepare journal entry to establish the fund on January 1, reimburse it on January 8, and reimburse the fund and increase it to $450 on January 8, assuming no entry in part 2."

Part 1:

January 1, petty cash fund established

Dr Petty cash fund 330

Cr Cash 330

Part 2:

January 8, petty cash expenses

Dr Postage expenses 36

Dr Transportation expenses 13

Dr Delivery expenses 15

Dr Miscellaneous expenses 25

Dr Cash short and over 4

Cr Petty cash fund 93

Part 3:

January 8, petty cash expenses

Dr Postage expenses 36

Dr Transportation expenses 13

Dr Delivery expenses 15

Dr Miscellaneous expenses 25

Dr Cash short and over 4

Cr Petty cash fund 93

January 8, petty cash fund is replenished

Dr Petty cash fund 213

Cr Cash 213

7 0

3 years ago

Which of the following is NOT an essential element of a contract for the purchase of a one- to four-family residential resale pr

Lyrx [107]

Answer:

<u>a) Competent parties</u>

Explanation:

This is not an essential element of such a contract because basically we would not expect a minor to be involved in a transaction of a four-family residential resale property.

Remember, competent parties contract requirements are that the two parties in the sale contract should be persons legally and mentally capable of entering into contracts that is enforceable by law.

5 0

4 years ago

A __________ item is something that is purchased without much thought before the purchase.

mixas84 [53]

A convenience item is something that is purchased without much thought before the purchase.

Ads are called out if they are displayed for a short time without reaching the awareness threshold. subliminal. ---- is a subtle phenomenon that uses colors and fonts to influence how your message feels.

Customization and tailoring of service delivery to individual customer needs. The service should be less variable than the product. "Product" is a general term used to describe both goods and services.

Subliminal messages are visual or auditory stimuli imperceptible to the conscious mind, often inserted into television commercials or other media such as songs purchased.

Learn more about convenience items at

brainly.com/question/15104975

#SPJ4

6 0

2 years ago

A college textbook is selling for (US) $140 in the United States. That same textbook sells in Canada for (CA) $150. The exchan

dlinn [17]

Answer:

(US)$136,36

(CA)$154

Explanation:

Hi, to answer the first question we have to divide the price of the textbook in Canada $150(CA) by $1.10.( since (CA) $1.10 = (US) $1.00.)

U.S. price of the textbook purchased in Canada: 150/1.10 = (US)$136,36

Canadian price of the textbook purchased in the U.S: $140 x 1.10 = (CA)$154

Taking shipping costs into account, (US) $5.00 if we purchase the book in the U.S. and sold in it Canada, it will cost:

$154(CA) + (5(US) X 1.10 ) = 154 (CA) +5.5 (CA)= $159.5(CA)

The textbooks are likely to be purchased in Canada directly, because they are cheaper ( $159.5(CA) >$150(CA))

Taking shipping costs into account, if we purchase the book in the Canada and sold in it the US, it will cost:

$136 + $5 = $141

The textbooks are likely to be purchased in the USA directly, because they are cheaper ( $141(US) >$140(US))

8 0

4 years ago