a . What accounts are affected when a partner withdraws cash for personal use? b . What
Question:
a. What accounts are affected when a partner withdraws cash for personal use?
b. What determines the amount of cash or other assets a partner may withdraw from the business for personal use?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (8 reviews)
a When a partner withdraws cash for personal ...View the full answer
Answered By
Marvine Ekina
Marvine Ekina
Dedicated and experienced Academic Tutor with a proven track record for helping students to improve their academic performance. Adept at evaluating students and creating learning plans based on their strengths and weaknesses. Bringing forth a devotion to education and helping others to achieve their academic and life goals.
PERSONAL INFORMATION
Address: , ,
Nationality:
Driving License:
Hobbies: reading
SKILLS
????? Problem Solving Skills
????? Predictive Modeling
????? Customer Service Skills
????? Creative Problem Solving Skills
????? Strong Analytical Skills
????? Project Management Skills
????? Multitasking Skills
????? Leadership Skills
????? Curriculum Development
????? Excellent Communication Skills
????? SAT Prep
????? Knowledge of Educational Philosophies
????? Informal and Formal Assessments
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Q8 Consolidation 24 Points The following information is relevant to question 8.1 and 8.2. On 1 July 2019, Leonardo Ltd acquired 80% of the issued shares of Donatello Ltd. At the date of the business...
-
What accounts are affected when employer payroll tax expenses are properly recorded?
-
What accounts are affected when bonds are issued at face value?
-
What are the main technical challenges faced by firms that wish to internationalise their selection and assessment approaches?
-
Consider the MSA marketing research example discussed in Section 3.3 (page 74) of Chapter 3. Use the Sensitivity Report for this LP model (shown in Screenshot 4-7 on page 150) to answer the following...
-
Determine the mass moment of inertia I y of the solid formed by revolving the shaded area around the axis. The density of the material is ?. Express the result in terms of the mass m of the...
-
Alpha Network Solutions has had declining net income the past four years. The company president employs you as a consultant to review the companys operations in an effort to identify the reason for...
-
The unadjusted trial balance for Taylor Electronics Company follows: Requirements 1. Journalize the adjusting entries using the following data: a. Interest revenue accrued $ 200. b. Salaries...
-
Review the table labeled Figure 4: Cluster Data for Various Sports. You are asked to validate the provided clustering data. Assume supervised validation will be used since class labels are provided...
-
Exotic Electronics Canada (EEC), headquartered in Toronto, has been in business in the communication industry since 2010 producing and supplying electronic software in North America and Europe as...
-
If a partner invests a noncash asset in the partnership, the amount to be debited and credited would be a . The assets cost. b . The assets book value. c . The assets current market value. d . An...
-
One way a company can increase sales is to enter a foreign market in a joint venture with a local firm. The two companies share capital, technology, risks, rewards, and control. The local company...
-
(a) Given the circuit diagram in Figure 2.32 showing admittances and current sources at nodes 3 and 4 , set up the nodal equations in matrix format. (b) If the parameters are given by: \(Y_{a}=-j 0.8...
-
A pension fund manager is considering three mutual funds. The first is a stock fund, the second is a long-term government and corporate bond fund, and the third is a T-bill money market fund that...
-
When would you choose to use containers in Windows and when would you choose to use containers in Linux? How are they different? How are they similar?
-
Actuary and trustee reports indicate the following changes in the PBO and plan assets of Mahomes Industries during 2024: Prior service cost at January 1, 2024, from plan amendment at the beginning of...
-
Personal Property Security Act (PPSA) Priority of Secured Creditors Secured Party has prior claim to collateral over Debtor Among Secured Parties, (same collateral) First to register has priority...
-
The Gap, Inc., commonly known as Gap Inc. or Gap, is an American worldwide clothing and accessories retailer. Gap has a division that produces children's clothing. Next year it is projected that the...
-
A manager has just received an evaluation from an analyst on two potential forecasting alternatives. The analyst is indifferent between the two alternatives, saying that they should be equally...
-
How is use of the word consistent helpful in fraud reports?
-
You own a portfolio equally invested in a risk-free asset and two stocks. If one of the stocks has a beta of 1.17 and the total portfolio is equally as risky as the market, what must the beta be for...
-
A stock has a beta of .93, the expected return on the market is 10.9 percent, and the risk-free rate is 2.7 percent. What must the expected return on this stock be?
-
A stock has an expected return of 11.3 percent, the risk-free rate is 2.8 percent, and the market risk premium is 6.9 percent. What must the beta of this stock be?
-
What does it mean to be fully vested in a pension or 4 0 1 k retirement plan?
-
Which items should be considered as cost of goods sold, initial expenditure, EBITDA, depreciation, EBIT, interest, fixed assets, and total current assets for daycares?
-
R&R construction Limited supplies for April 2024 was: Construction Services $500,000 ( exempt VAT activity) Electrical Services $2,000,000 Surveying Services $300,000 Export Services $700,000 The VAT...
Study smarter with the SolutionInn App