Friends Partnership has three partners. The balance of each partner' capital is: Alla $48,000, Mariam $50,000 and Fatima $52,000. Alla withdraws from the Partnership. The remaining partners, Mariam and Fatima, agreed to pay cash of $58,000 for Alla from partnership. The partners share income and loss equally. Required How much is the capital balance for the remaining partners Mariam and Fatima after the withdrawal of Alia. Please DO NOT use the "$" and "," signs in you ansewr. For example, if the right answer is Mariam $75,000 and Fatima $85,000, it should be EXACTLY written as: 75000 85000 Mariam

Friends Partnership has three partners. The balance of each partner' capital is: Alla $48,000, Mariam $50,000 and Fatima $52,000. Alla withdraws from the Partnership. The remaining partners, Mariam and Fatima, agreed to pay cash of $58,000 for Alla from partnership. The partners share income and loss equally. Required How much is the capital balance for the remaining partners Mariam and Fatima after the withdrawal of Alia. Please DO NOT use the "$" and "," signs in you ansewr. For example, if the right answer is Mariam $75,000 and Fatima $85,000, it should be EXACTLY written as: 75000 85000 Mariam

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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