Friends Partnership has three partners. The balance of each partner' capital is: Alia $48,000, Mariam $50,000 and Fatima $52,000. Alia withdraws from th Partnership. The remaining partners, Mariam and Fatima, agreed to pay cash of $58,000 for Alia 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 "S" and "," signs in you sewr. For example, if the right answer is Mariam $75,000 and Fatima $85,000, it should be EXACTLY written as: 75000 85000 Mariam. Fatima
Friends Partnership has three partners. The balance of each partner' capital is: Alia $48,000, Mariam $50,000 and Fatima $52,000. Alia withdraws from th Partnership. The remaining partners, Mariam and Fatima, agreed to pay cash of $58,000 for Alia 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 "S" and "," signs in you sewr. For example, if the right answer is Mariam $75,000 and Fatima $85,000, it should be EXACTLY written as: 75000 85000 Mariam. Fatima
Chapter21: Partnerships
Section: Chapter Questions
Problem 57P
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Transcribed Image Text:Friends Partnership has three partners. The balance of each partner capital is: Alia $48,000, Mariam $50,000 and Fatima $52,000. Alia withdraws from the
Partnership. The remaining partners, Mariam and Fatima, agreed to pay cash of $58,000 for Alia from partnership. The partners share income and loss
equally,
Required
How much is the capital balance for the remaining partners Mariam and Fatima after the withdrawal of Alia,
Please DO NOT use the "$" and "," signs In you sewr. For example, if the right answer is Mariam $75,000 and Fatima $85,000, it should be
EXACTLY written as:
75000
85000
Mariam
Fatima
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