1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ASHA 777 [7]
3 years ago
11

Which of the following would not be (True) in the event that a newly admitted partner pays more than book value for his/her inve

stment in a partnership?
a. Assign a bonus to the prior partners
b. Record unrecognized goodwill and allocate it to the prior partners
c. Record no revaluations, bonus, or goodwill
d. Revalue net assets up to market value and allocate to prior partners
Business
1 answer:
ddd [48]3 years ago
4 0

Answer:

c. Record no revaluations, bonus, or goodwill

Explanation:

As new incoming partner is giving more than the investment required it means there is some goodwill or revaluations or bonus involved which requires to be treated in the books otherwise it will be assumed that accounts are not properly reported and capital accounts will not be justified. Third option says no revaluations, bonus or goodwill will be recorded which is wrong.

You might be interested in
is personally responsible for all partnership debts. has no say over a firm's daily operations. faces double taxation whereas a
aleksandrvk [35]

Answer:

is personally responsible for all partnership debts

Explanation:

COMPLETE QUESTION

A general partner:

is personally responsible for all partnership debts. has no say over a firm's daily operations. faces double taxation whereas a limited partner does not. has a maximum loss equal to his or her equity investment. receives a salary in lieu of a portion of the profits.

EXPLANATION

A general partner can be regarded as a person that joins with another person or join with more than one other person to form a business. A general partner is responsible for the actions that is been taken in the business, He or she is liable personally for all the debts as well as obligations in the business and can bind the business legally. It should be noted that A general partner is personally responsible for all partnership debts.

5 0
3 years ago
Which of the following indicates which fields have been included in the query?
12345 [234]

Answer: Option D

 

Explanation:  A grid's primary purpose – at a minimum in product design – is to create a set of instructions about how to arrange items within a format. An efficient system not only provides the pattern for a system but specifies the meter as well.

This is an effective way of making the material available and letting the user recognize how the next bit of information can be found inside the design.

It fosters creativity and determines the design principles, intonation, and speech in some instances. Consider of a grid as when the route map the visitors are driving through.

5 0
3 years ago
Where is the Apple Pay Cash recipients money stored
Debora [2.8K]
All the money you receive via Apple Cash is loaded onto a virtual card that exists within Wallet - Apple's app for storing credit cards, debit cards, loyalty cards, boarding passes, tickets, and more.
8 0
3 years ago
when looking at a graph of aggregate demand, which of the following is correct? a. there are nominal variables on both the verti
joja [24]

The total quantity of demand for all finished products and services generated in an economy is measured as aggregate demand.  Hence option C is correct.

<h3>What is aggregate demand ? </h3>

The total amount of money spent on those goods and services at a particular price level and time is known as aggregate demand.

A macroeconomic concept known as "aggregate demand" refers to the total demand for products and services during a specific time period at any given price level.

Since the two indicators are calculated in the same way, aggregate demand is equal to GDP over the long run. Aggregate demand is the desire or demand for those products, whereas GDP is the total amount of goods and services produced in an economy.

Learn more about aggregate demand here

brainly.com/question/29670380

#SPJ1

6 0
2 years ago
__ is a method for developing software applications and information system projects in which a project is divided into smaller f
olchik [2.2K]

Answer: d) Extreme programming

Explanation:

Extreme programming is one of the most significant programming improvement system of Agile models. It is utilized to improve programming quality and receptive to client's requirements. The extreme programming model suggests taking the prescribed procedures that have functioned admirably in the past in program improvement ventures to extreme levels. It also

tries to decrease cost of changes in requirements by having multiple short development cycles. Project are divided into smaller functions and developer cannot go to the next stage until it completes the current stage.

5 0
3 years ago
Other questions:
  • Which of these people will be eligible for a tax deduction?
    13·2 answers
  • Medical care contributes about what percentage to a person's total health status?
    5·1 answer
  • A change in Accounting Method would be necessary because of which of the following circumstances?
    9·1 answer
  • Which buyclass framework occurs when a company chooses to shop around for suppliers​ with, perhaps, a better price​ structure? A
    5·1 answer
  • Stores are overflowing with the latest vampire novel at $10. Store managers are frustrated with the lack of sales. The equilibri
    15·1 answer
  • Explain The Goal For Finance
    13·1 answer
  • Allied In. bought a two-year insurance policy on August 1st for $3,600. What's the adjusting journal entry on December 31st?
    12·1 answer
  • Hudson Co. reports the contribution margin income statement for 2019. HUDSON CO. Contribution Margin Income Statement For Year E
    13·1 answer
  • What must you consider during the invention process?
    9·1 answer
  • Trader joe’s differentiates itself from competitors by offering top-quality foods obtained through sustainable agriculture. This
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!