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Masja [62]
3 years ago
13

Sale of partnership interestThe partners in the Biz Partnership have agreed that partner Mandy may sell her $100,000 equity in t

he partnership toBrittney, for which Brittney will pay Mandy $85,000. Present the partnership’s journal entry to record the sale of Mandy'sinterest to Brittney on September 30.
Business
1 answer:
ddd [48]3 years ago
5 0

Answer:

Mandy Capital                                                Debit: 100,000

Brittney Capital                                               Credit: 100,000

Explanation:

The journal entry will be recorded as above. Mandy sold equity worth $100,000, so we will record the entry on transfer of equity by the equity value sold. Now, for this equity value both partners can decide the amount in which one will sell to other, which in this scenario is $85,000.

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Answer:

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Explanation:

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Suppose Stark Ltd. just issued a dividend of $2.57 per share on its common stock. The company paid dividends of $2.20, $2.31, $2
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Answer:

Answer:

Growth rate (g) = n-1√(<u>Latest dividend)</u>     - 1

                                      Current  dividend

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Explanation:

In this  case, we need to calculate the growth rate using the above formula. Then, the cost of equity will be  calculated. Cost of equity is a function of current dividend paid subject to growth rate divided by current market price.

Explanation:

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In economics, what is meant by "optimal decisions are made at the margin?" The concept of the margin was initially developed in
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Answer:

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Explanation:

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