Question: = Homework: Ch 12 Homework B - Graded Question 5, EF12-19 (similar to) Part 1 of 6 HW Score: 7.58%, 3.33 of 44 points
= Homework: Ch 12 Homework B - Graded Question 5, EF12-19 (similar to) Part 1 of 6 HW Score: 7.58%, 3.33 of 44 points Points: 0 of 6 Hayes is admitted to the partnership of Reagan & Nedwick. Prior to her admission, the partnership books show Reagan's capital balance at $140,000 and Nedwick's at $70,000. Assume Reagan and Nedwick share profits and losses equally. Read the requirements. Save Requirement 1. Compute each partner's equity on the books of the new partnership under the following plans: a. Hayes pays $105,000 for Nedwick's equity. Hayes pays Nedwick directly. Begin by computing the partner's equity base for plan a. Hayes pays $105,000 for Nedwick's equity. Hayes pays Nedwick directly. (Enter a share for each partner. Complete all answer boxes. For accounts with a $0 balance, make sure to enter "0" in the appropriate cell. Enter negative amounts with a parentheses or minus sign.) Plan A Plan A: Partnership capital before admission of Hayes Plan A: Effect on capital balance as a result of admission of Hayes Plan A: Partnership capital after admission of Hayes Reagan Nedwick Hayes
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