Mary, Sally and Sue form the ABC partnership to sell sporting goods. After three years on 2/8/23,
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Mary, Sally and Sue form the ABC partnership to sell sporting goods. After three years on 2/8/23, Mary decides to leave the partnership . On 2/9/23, Martha joins the partnership. When Martha joined the partnership they had 75,000 in bills due. After four months the partnership business had fallen off so bad Sally, Sue and Martha decided to close the business. At the time of the closure the partnership had 100,000 in bills. Martha's share for the debt would be__________________
A: 0
B: 100,000
C: 25,000
D: 75,000
Related Book For
Accounting Information Systems
ISBN: 978-1133935940
10th edition
Authors: Ulric J. Gelinas, Richard B. Dull
Posted Date: