User Account

All Pages

Determine the total investment to be made by DDD

Assignment Help Accounting Basics
Reference no: EM132903873

Question - SPECIAL TRANSACTIONS - A condensed statement of financial position for AAA, BBB, and CCC appears below. AAA, BBB, and CCC share profits and losses in a ratio of 1:1:2, respectively.

Assets

Cash P100,000

Inventory 125,000

Marketable Securities 200,000

Land 100,000

Building-net 500,000

Equities

AAA, capital P425,000

BBB, capital 400,000

CCC, capital 200,000

The partners agreed to admit DDD. The fair market value of the land is appraised at P200,000 and the market value of the marketable securities is P240,000. The assets are to be revalued prior to the admission of DDD and there is P30,000 asset revaluation that attaches to the old partnership.

Requirements -

1. Determine the total investment to be made by DDD.

2. Provide journal entries to give effect the investment of DDD.

Reference no: EM132903873

Questions Cloud

Explain subject-specific encyclopedia : The encyclopedia is as an ideal place to research a topic that you are not familiar with, and it is really handy to use a subject-specific encyclopedia with los
How should we select the online meeting solution : How should we select the online meeting solution? What factors can influence the university/admonitor's decision to adopt a particular online meeting solution?
Discuss change as a factor in the history of business : The Covid-19 pandemic, while producing many horrors and resulting changes, is from a long-term view, one of many "drastic" changes to Global business and commer
What is a process of closer integration in exchange : What is a process of closer integration in exchange between different countries and people worldwide?
Determine the total investment to be made by DDD : The assets are to be revalued prior to the admission of DDD and there is P30,000 asset revaluation. Determine the total investment to be made by DDD
Implement policies to support a strategic objective : In your experience, where have you seen an organization implement policies (new or current) to support a strategic objective? For example, in many organization
Create a pivot chart on a new sheet : Create a pivot chart on a new sheet to the right of volume per timeframe called profitability. this pivot chart should show which regions (names, not ids) gener
Establishing a personal code of ethics : How establishing a personal code of ethics will assist new workers in avoiding corporate "half-truths."
Find area of diverse concentration : Scenario You have been hired as the Human Resources Director for a global organization that is headquartered in the United States. Your job is to evaluate and m

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