Find how much is adjusted capital balance of b immediately

Assignment Help Cost Accounting
Reference no: EM132755246

Problem 1: A and B agreed to form a partnership. A shall contribute ?60,000 cash while B shall contribute ?120,000 cash. However due to the expertise that A will be bringing to the partnership, the partners agreed that they should initially have an equal interest in the partnership capital. Under the bonus method, how much is the adjusted capital balance of B immediately after the formation of the partnership?

Reference no: EM132755246

Questions Cloud

What amount of profit would be necessary : What amount of profit would be necessary so that Maxwell would consider the choices to be equal? Maxwell is trying to decide whether to accept a salary
How much is the share of partner b in the partnership profit : During the period the partnership earned profit of ?200,000 before salary allowances. How much is the share of Partner B in the partnership profit?
Which partner should provide additional investment : Which partner should provide additional investment (or withdraw part of his investment) in order to bring the partners capital credits equal to their respective
Which partner shall receive cash payment from other partner : Which partner shall receive cash payment from the other partner(s)? The equipment contributed by B has an unpaid mortgage of ?20,000
Find how much is adjusted capital balance of b immediately : A and B agreed to form a partnership. how much is the adjusted capital balance of B immediately after the formation of the partnership?
Find How much does the business need to sell to break even : Projected financial, If 1% more meals were sold, what would be the resulting net income? How much does the business need to sell to break even?
What is the approximate npv of the project : What is the approximate NPV of this project? Turnbull Company is in the process of constructing a new plant at a cost of $30 million.
Find the payback statistic for project y : Find the payback statistic for Project Y and recommend whether the firm should accept or reject the project with the cash flows shown
Calculate carrying value of the equipment in balance sheet : Calculate the carrying value of the equipment in the balance sheet of XYZ Pty Ltd at 30 June 2019 and 30 June 2020 under the straight-line method

Reviews

Write a Review

Cost Accounting Questions & Answers

  Cost accounting assignment

Evaluate Method of measuring costs associated with production, budgeting process, normal job-order costing system , master budget, cycle time.

  Prepare the journal entries

Prepare the journal entries to record the bond issue and interest expense.

  Advise as to the liability of all the parties

Write a report on given case study and Advise as to the liability of ALL the parties both under common law and the Corporations Law.

  Prepare revenues budget

Prepare Revenues budget and Production budget in units

  Effect of exchange rate changes on cash and cash

Effect of exchange rate changes on cash and cash

  Corporate governance

You are to reflect on how this case of China Sky relates to what the arguments for and against allowing audit firm partners and/or employees to join audit committees.

  Cost-benefit analysis

A cost-benefit analysis of electronic medical records in primary care

  Non-annual interest rates and annuities

Theory of Interest- Non-annual interest rates and annuities

  Job costing in service organizations

How is job costing in service organizations different from job costing in manufacturing environments?

  Accounting for bad debt expense

Accounting for bad debt expense

  Accounting and partnership problems

Accounting and Partnership problems

  Development of relevant cash flows

Development of relevant cash flows - Cost estimating and financial analysis

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!

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