Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the capital balances for the partners of rami, sam

The capital balances for the partners of Rami, Sami & Tami LLP as authorized on...

60.1K

Verified Solution

Question

Accounting

The capital balances for the partners of Rami, Sami & Tami LLP as authorized on December 20, 2020, were: $250,000, $300,000 & $80,000 respectivily and their capital per unit of income sharing were: $50,000, $100,000 & $40,000 respectively. Tami share in income or losses is:

Select one:

a.

20%.

b.

40%.

c.

30%.

d.

50%.

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

1.  Which of the following choices would cause the greatest increase in GFR?  Show your work.             a.  10% increase in glomerular blood...

Medical Sciences
Q

A national park is famous for its beautiful desert landscape and its many natural rock...

Basic Math
Q

Think About the Process In AABC, mZB is 5times mZA and mZC is 16 less...

Basic Math
Q

A certain loan program offers an interest rate of 3 compounded continuously Assuming no payments...

Algebra
Q

Find all zeros of the function f x 4r 28x 571 36 Entry tip Enter...

Algebra
Q

22 14 21 38 Question 5 20 points Given g x can be described by...

Algebra
Q

Next question Find the equation in terms of x of the line through the points...

Algebra
Q

Exercise 4-14 Activity-based costing LO P3 A2 Glassworks Inc. produces two types of glass shelving,...

Accounting
Q

Smith Company exchanges assets to acquire a building. The market price of the Smith stock...

Accounting
Q

Sunland Corporation's general ledger includes the following account balances: Contributed Surplus $10,000 Common...

Accounting
Q

What is the historical average annual rate of return on large company stocks and small...

Finance
Q

What is the price of a bond with a coupon rate of 6.85% and semi-annual...

Finance