K. Decker, S. Rosen, and E. Toso are forming a partnership. Decker is transferring $48,300 of...

 

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K. Decker, S. Rosen, and E. Toso are forming a partnership. Decker is transferring $48,300 of personal cash to the partnership. Rosen owns land worth $17,900 and a small building worth $79,700, which she transfers to the partnership. Toso transfers to the partnership cash of $10,200, accounts receivable of $35,700, and equipment worth $14,000. The partnership expects to collect $32,130 of the accounts receivable. What amount would be reported as total owners' equity immediately after the investments? Total owners' equity $ K. Decker, S. Rosen, and E. Toso are forming a partnership. Decker is transferring $48,300 of personal cash to the partnership. Rosen owns land worth $17,900 and a small building worth $79,700, which she transfers to the partnership. Toso transfers to the partnership cash of $10,200, accounts receivable of $35,700, and equipment worth $14,000. The partnership expects to collect $32,130 of the accounts receivable. What amount would be reported as total owners' equity immediately after the investments? Total owners' equity $

Answer rating: 100% (QA)

To determine the total owners equity immediately after the investments we need to calculate the tota... View the full answer