User Account

All Pages

How much cash should be paid to l pattison

Assignment Help Accounting Basics
Reference no: EM131131204

Before the final distribution of cash, account balances are: 
Cash $23,000; S. Penn, Capital $19,000 (Cr.); L. Pattison,
Capital $12,000 (Cr.); and M. Jeter, Capital $8,000 (Dr.).

Jeter is unable to pay any of the capital deficiency. If the income-sharing ratios are 5:3:2, respectively, how much cash should be paid to L. Pattison?

Reference no: EM131131204

Questions Cloud

Write a short essay on a global health publication : I need help writing a short essay on a global health publication.
Usually the largest expense for a company : Payroll is usually the largest expense for a company. Following next are employee benefits expenses. While salaries have been flat in recent years, benefits expenses have risen dramatically. Review and conductacademic research on the most popular ..
Explain why this might reduce child labor : Explain why this might reduce child labor. (Related to Application 7 on page 176.)
Write the main issues that happened in the story : A Rose for Emily" by William Faulkner about this story, i need the main issues that happened in the story, and main point and a response
How much cash should be paid to l pattison : Jeter is unable to pay any of the capital deficiency. If the income-sharing ratios are 5:3:2, respectively, how much cash should be paid to L. Pattison?
Analysis the current market conditions facing your product : Write a 1,750-word analysis of the current market conditions' facing your product making sure that you address the following topics. Define the type of market in which your selected product will compete, along with an analysis of competitors and cu..
How much cash should be paid to keegan : After creditors are paid, $109,000 of cash is available for distribution to the partners. How much cash should be paid to Keegan?
Compare two versions of the same article by an author : Read the two (2) versions of the article titled: "The Objectification of Women. Whose Fault Is it?" by Santi DeRosa in Chapter 8. Identify the thesis statement of each version. Summarize the second or final version. Note any changes between the fi..
Why are shakespeare plays so widely studied : Why are Shakespeare plays so widely studied? Is it because they're very old, or are they really that good

Reviews

Write a Review

Accounting Basics Questions & Answers

  Calculating npv, irr and pp advise which option should taken

By calculating NPV, IRR and PP (show all calculations on excel sheet) advise which option should be taken and say why compared to the other methods.

  What is the effect of the components of pension expense

Patey Technologies calculated pension expense for its underfunded pension plan as follows: What is the effect of the components of pension expense on Patey's statement of comprehensive income?

  Which company do you think would have a higher operating

which company do you think would have a higher operating leverage a software company that makes large investments in

  Find out the true cash balance for anas checking account

ana just received her bank statement and wanted to make sure that the balance in her checkbook was correct. ana

  Prepare entries in journal form without explanations for

prepare entries in journal form without explanations for the merchandising transactions listed below for kona company.

  How should the amount of interest capitalized

How should the amount of interest capitalized be disclosed in the notes to the financial statements?

  In the current year alice reports 150000 of salary income

in the current year alice reports 150000 of salary income 20000 of income from activity x 35000 and 15000 losses from

  Risks and liability factors in an audit

What are the risks and liability factors in an audit? What are the implications to the auditor? What are the implications to the organization? How can the auditor mitigate these risks and liability factors?

  A business purchases 40000 merchandise on credit terms

a business purchases 40000 merchandise on credit terms 210 n 30 on june 6 2009. if it pays for the merchandise on june

  Residual distribution policy with all distributions

if a firm adheres strictly to their residual distribution policy with all distributions in the form of dividends, what would the sale of new common stock by the company suggest? You said no the answer is no dividends were paid. Can you please exp..

  Pros and cons of preparing company budgets

Analyze the major pros and cons of preparing company budgets. Determine at least two (2) critical budget items that you believe are essential in managing a company. Provide a rationale for your response.

  P maintains an ending inventory equal to 100 of the next

cash and production budget. p sells a single specialty product imported from denmark. sales for the six months ended

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd