Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. jell and dell were partners with capital balances

Jell and Dell were partners with capital balances of $600 and $800 and an income...

80.2K

Verified Solution

Question

Accounting

Jell and Dell were partners with capital balances of $600 and $800 and an income sharing ratio of 2:3. They admitted Zell to a 30% interest in the partnership, and the total amount of goodwill credited to the original partners was $700. What amount did Zell contribute to the business? please show your work the answer should be 630 please elaborate answer without table.thanks

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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Match the following aqueous solutions with the appropriate letter from the column on the right. Assume...

Chemistry
Q

A pirate uses a thin lens with f=10cm to image his parrot: a) if the parrot...

Physics
Q

9 Assertion When a charged body is brought near to an uncharged conducting body equal...

Physics
Q

A farmer hitches her tractor to a sled loaded with firewood and pulls it a...

Physics
Q

If a person can complete the following tasks in the following times, how much of...

Basic Math
Q

A manufacturer of chocolate chips would like to know whether its bag filling machine works...

Statistics
Q

Evaluate the following integral using the Fundamental Theorem of Calculus Discuss whether your result is...

Algebra
Q

Un swap de tasa de inters en el que una empresa tiene una tasa de...

Accounting
Q

Please complete the required federal individual income tax return forms for Bob and Melissa Grant...

Accounting
Q

NIKE manufactures athletic shoes and sports apparel. Assume the following activities occurred during a recent...

Accounting
Q

A Corporation entered into a lease agreement on January 1, 2019, to provide CM Company...

Accounting
Q

How did you calculate the assembly department and ending work in process inventory

Accounting