User Account

All Pages

Determine the capital balance of TA

Assignment Help Accounting Basics
Reference no: EM133069135

Question - Presented below is the condensed balance sheet of the partnership of MA, TA, and COW who share profits and losses in the ratio of 2:3:5. respectively:

Cash 100,000

Other assets 350,000

Total 450,000

Liabilities 50,000

MA, Capital 110.000

TA, Capital 120,000

COW, Capital 170,000

Total 450,000

The partners agree to sell to KA 10% of their respective capital and profit and loss interests for a total payment of P50,000. The payment by KA is to be made directly to the individual partners using the book value approach.

Determine the capital balance of TA after admission of the new partner.

Reference no: EM133069135

Questions Cloud

What is bitsincoin free cash flow : During 2019, Bitsincoins Corporation had EBIT of $100,000, a change in net fixed assets of $400,000, an increase in net current assets of $100,000, an increase
Describe the construction of a common-size income statement : Describe the construction of a common-size income statement. Why is the selection of the base (the number selected as the 100% figure) so important
How much is the expected total variable cost on the August : If production and sales are budgeted to change to 110 chairs in August, how much is the expected total variable cost on the August budget
What is its return on stockholders equity : Question - Network Communications has total assets of $23200 00 and current assets of $635,000. What is its return on stockholders equity
Determine the capital balance of TA : The partners agree to sell to KA 10% of their respective capital and profit and loss interests for a total payment of P50,000. Determine the capital balance
Outlining usage of derivative instruments : Consider the recent BHP announcement of its intention to create a global top 10 independent energy company through a merger of BHP's petroleum business with Woo
Prioritize the investments in the order of return : You are planning for retirement over the next 20 years and intend to invest $400 a month in an equity index fund and $200 a month in a bond index fund. The expe
Compare the Amount Owing to the CRA : As the accident involved negligence on the part of her employer, Carole receives a monthly annuity payment of $3,500. Compare the Amount Owing to the CRA
Potential uses in electricity-generating solar cells : An Indium-Gallium-Arsenide-Nitrogen alloy developed at Sandia National Laboratory is said to have potential uses in electricity-generating solar cells.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd