Imad Walid and Khaled are partners in a solidarity company, where profits, and losses are...
70.2K
Verified Solution
Link Copied!
Question
Accounting
Imad Walid and Khaled are partners in a solidarity company, where profits, and losses are distributed respectively 35, 25, and 40 among the partners according to the capital ratios. Partner Emad withdrew from the company and sold his share to the partners on 1/1/2019. The partner Khaled bought 30% of the share of the withdrawing partner Emad. At the end of the year 12/31/2019, the company profits amounted to 250,000 dinars, so the partner's share is Walid? *
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!