What is the balance of r and ss capital, Accounting Basics

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What is the balance of r and ss capital

Partner Q is retiring from the QRS Partnership. The partnership profit/loss ratio is 5:3:2. The partner capital balances just before Q retired were: Q, Capital $400,000 R, Capital $420,000 S, Capital $480,000 The partnership is going to pay Q $450,000 upon his retirement. What is the balance of R & S's Capital after the retirement?

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Accounting Basics: What is the balance of r and ss capital

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Accounting Basics: What is the balance of r and ss capital

Reference No:- TGS0679465

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Recent Questions Asked Accounting Basics

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What is the balance of r and ss capital

Reference No:- TGS0679465

Recent Questions Asked Accounting Basics

Q : Explain how cvp analysis can be useful

Q : Calculate roi

Q : The new machine for capital budgeting purposes

Q : Determine who is best prepared to take responsibility

Q : What is the balance of r and ss capital

Q : Compute the new machine net present value

Q : How much will blu get

Q : Prepare a schedule of cash flows from operating activities

Q : Determine the equivalent annual annuity for each project

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