Sandra and Kelsey are forming a partnership. Sandra will invest a piece of equipment with a book value of $6,400 and a fair mark
et value of $16,100. Kelsey will invest a building with a book value of $46,500 and a fair market value of $64,300.
What amount will be recorded to Sandra's capital account?
What amount will be recorded to Sandra's capital account?
1 answer:
Answer:
Answer for the question
Sandra and Kelsey are forming a partnership. Sandra will invest a piece of equipment with a book value of $6,400 and a fair market value of $16,100. Kelsey will invest a building with a book value of $46,500 and a fair market value of $64,300.
What amount will be recorded to Sandra's capital account?
Is given in the attachment.
Explanation:
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Answer:
Ratio will be 0.92
So option (A) will be the correct option
Explanation:
We have given net cash flow from operating activities = $37570
So net operating cash flow = $37570
Current liabilities at the bugging of the year = $38400
Current liabilities at the end of the year = $43200
So average current liabilities
We have to find the ratio of operating cash flow to current liabilities
So ratio will be
So option (A) will be the correct option