Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 26 Jul 2017 My Price 2.00

Lia Wu and Becca Sims

Lia Wu and Becca Sims are partners who share in the income equally and have capital balances of $150,000 and $62,500 respectively. Wu, with the consent of Sims, sells one-third of her interest to Kara Oliver. What entry is required by the partnership if the sales price is $40,000?

Answers

Maurice Tutor
(5)
Status NEW Posted 26 Jul 2017 04:07 PM My Price 2.00

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