Reference no: EM133066874
Question - A, B, and C are partners with present capital balances of P40,000, P50,000, and P20,000, respectively. The partners share profits and losses according to the following percentages: 60% for A, 30% for B, and 10% for C. D is to join the partnership upon contributing P40,000 to the partnership in exchange for a 25% interest in capital and a 20% interest in profits and losses. An appraisal of the existing partnerships' assets reveals the following:
Accounts Receivable P20,000 overvalued
Inventory P10,000 overvalued
Land P10,000 undervalued
Building P15,000 undervalued
Required - Calculate the capital balances for each individual in the new partnership assuming use of the bonus method.
|
Describe the foundations of mental health nursing
: Describe the foundations of mental health nursing. Transferable Skill Communication: Displaying capability in writing, reading, and oral communication
|
|
What is ideal study environment
: College students have to spend a lot of time outside of class studying, whether it is preparing for class, doing homework, or getting ready for an exam.
|
|
Find the weighted average number of common shares
: On November 1, 6,000 additional common shares were issued. Find the weighted average number of common shares for the current fiscal year
|
|
Interest and invitation in a change
: Where might God be inviting innovations in your ministry now and why? What are some of the differences between changes that are invitations and those that are i
|
|
Calculate the capital balances for each individual
: A, B, and C are partners with present capital balances of P40,000, P50,000, and P20,000. Calculate the capital balances for each individual in new partnership
|
|
Difference between capitalism and socialism
: Which one is the correct difference between capitalism and socialism?
|
|
Networking-illustrates the communication structure
: Create a diagram that illustrates the communication structure of your chosen technology in Visio or its open source alternative software.
|
|
What rate should you charge for rooms
: Your lodge has 12 double rooms. You must earn $600 per day to meet costs and remain open. You estimate the demand for rooms as follows:
|
|
Proportion of us gdp
: Find the proportions of consumption spending and investment spending in US GDP in 2021. What proportion of US GDP is comprised of wages
|