Question: Question 20 A partner invests into a partnership a building with a 80,000 book value and a 90,000 fair value. As a result of the

Question 20 A partner invests into a partnership a building with a 80,000 book value and a 90,000 fair value. As a result of the investment, the partner's capital account will be credited for Notes Marked out Select one: 3. 10,000 PF Question b. 170,000 C. 90,000 . d. 80,000

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

On December 31, Year 1, RAV Company purchased 60% of the outstanding common shares of ENS Company for $1,260,000. On that date, ENS had common shares of $500,000 and retained earnings of $130,000. In...

choose the right answer Question 21 l 10 Points The cash sales 50,000, cash receipts from accounts receivable 40.000, cash purchases 22,000, cash payments to accounts payable 18,000, the cash...

RESOURCES CALCULATOR FULL SCREEN PRINTER VERSION 4 BACK NEXT Question 9 A partner invests into a partnership a building with an original cost of $360900 and accumulated depreciation of $159900. This...

A partner invests into a partnership a building with a 80,000 book value and a 90,000 fair value. As a result of the investment, the partner's capital account will be credited for Question 19 Not yet...

A partner invests into a partnership a building with a 80,000 book value and a 90,000 fair value. As a result of the investment, the partner's capital account will be credited for Select one: O a...

Multiple Choice Question 64 A partner invests into a partnership a building with an original cost of $360500 and accumulated depreciation of $159100. This building has a $279400 fair value. As a...

20. A partner invests into a partnership a building with an original cost of $360,000 and accumulated depreciation of $160,000. This building has a $280,000 fair value. As a result of the investment,...

Multiple Choice Question 64 A partner invests into a partnership a building with an original cost of $359000 and accumulated depreciation of $160700. This building has a $279200 fair value. As a...

1. A corporation should account for the declaration of a 10 percent stock dividend by : a. transferring from retained earnings to contributed capital an amount equal to the legal capital represented...

1)A general partner in a partnership (a) is liable for partnership liabilities only to the extent of that partner's capital equity. (b )is always the general manager of the firm. (c) is the partner...

5) Limited partnerships (a)guarantee that a partner will get back his original investment. (b)must have at least one general partner. (c)guarantee that a partner will receive a return. (d)are limited...

What would be a good state for you to live in if you like extreme temperatures? If you like a moderate climate? Explain why your preferred area has the weather patterns it has.

Here are the political parties of 15 students in one of the authors statistics classes: a. Construct a frequency and relative frequency table. b. Construct a frequency bar graph. c. Construct a...

12. Given that the coordinates of the points C and D are (4,-1) and (-2, 7) respectively, find (a) the coordinates of the point F that lies on the y-axis such that CE = DE, (b) the coordinates of the...

SIMAD UNIVERSITY Class: BACC25 Subject: Islamic Accounting Instructions: a) Follow The Instructions. Midterm Exam Instructor: All Ibrahim Date: 6-4-2022 b) You Have 1.5 Hrs. To Complete This Test. c)...

Whom do you call when you have exciting news or when youre feeling down? What makes this person a good listener? Are you a good listener in return when this person calls you?

Consider the examples of listening styles weve given here. Do you favor a particular listening style? Are you able to adopt different styles in different situations?

4. Try smiling (genuinely) more than you usually doand with people you might not usually smile at. See what happens. Do you feel differently about yourself and others? Do others respond with more...