contestada

FAB has three partners, Ramon, Janna, and Jackie, and $20,000 in assets when it begins its winding-up process. FAB owes $20,000 to a supplier, $25,000 on a bank note, and $5,000 to Jackie for a loan she gave to the partnership. FAB does not have a partnership agreement. What financial rights and obligations does Jackie have

Respuesta :

abiolataiwo2015

Assuming FAB has three partners, Ramon, Janna, and Jackie, and $20,000 in assets when it begins its winding-up process. The financial rights and obligations that Jackie have is: b. Jackie must pay a net amount of $5,000.

Net amount

Using this formula

Net amount=Bank note -Assets

Where:

Bank notes=$25,000

Assets=$20,000

Let plug in the formula

Net amount=$25,000-$20,000

Net amount=$5,000

Inconclusion the financial rights and obligations that Jackie have is: b. Jackie must pay a net amount of $5,000.

Learn more about net amount here:https://brainly.com/question/15530787

Otras preguntas