Bill and Ted are partners who share net income according to a 3:2 ratio. If the net income for the year was $200,000 and each partner began the year with a $50,000 balance in the capital account, what would Bill's capital balance be if he had drawings of S$75,000? O $75,000 O $145,000 O $120,000

Bill and Ted are partners who share net income according to a 3:2 ratio. If the net income for the year was $200,000 and each partner began the year with a $50,000 balance in the capital account, what would Bill's capital balance be if he had drawings of S$75,000? O $75,000 O $145,000 O $120,000

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter15: Partnership Accounting

Section: Chapter Questions

Problem 2PA: Arun and Margot want to admit Tammy as a third partner for their partnership. Their capital balances...

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Market Efficiency

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing them. When the quality and quantity of information increase, the market becomes more efficient, allowing it to reduce arbitrage and obtain higher market returns from investment. In a well-functioning market, everyone receives all information completely and immediately at no cost. It opens up a plethora of opportunities for investors to access various investment options.

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please help me

Bill and Ted are partners who share net income according to a 3:2 ratio. If the net income for the year was $200,000 and each partner
began the year with a $50,000 balance in the capital account, what would Bill's capital balance be if he had drawings of S75,000?
O $75,000
O $145,000
O $120,000
O $95,000

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