User Account

All Pages

How many shares of stock would the partners receive

Assignment Help Financial Accounting
Reference no: EM132747451

Question - Three partners who share profits and losses equally are to incorporated their business. The capital accounts show the following:

Jacinto P400,000

Mapa P600,000

Magno P1,000,000

It is agreed that the three will incorporated their business. Combined, the net assets amount to P2 million which will be revalued at P2.6 million based on current market value. The capital stock of the corporation will have a par value of P100. Upon incorporation, how many shares of stock would the partners receive?

Reference no: EM132747451

Questions Cloud

Discuss the issue of gender bias in compensation : Discuss the issue of gender bias in compensation and the ways it can affect the development of a base pay structure. In your employment experience
How can or will the disorder affect kate : Kate is born with features that do not look quite normal. Her eyes are wide-set and slightly slanted. Her nose is short and flat, and she keeps her mouth.
What community members are involved : How did you gather the data? Is your plan supported with research? Is the plan flexible or set in stone? Is the timeframe in meeting the goals realistic?
Current and emerging technologies : Their is little doubt we are living at a time when technology is advancing at a pace that some believe is too fast for humans to trucly understand implications
How many shares of stock would the partners receive : The capital stock of the corporation will have a par value of P100. Upon incorporation, how many shares of stock would the partners receive
Do think that first-time and experienced mrs should undergo : Do you think that first-time and experienced MRs should undergo similar or different training programs when they join the organization?
Implement specific business process improvements : Implement specific business process improvements that improve efficiency and / or reduce costs in the organisation to make it more profitable
How does the so-called free rider issue affect union : How does the so-called "free rider" issue affect union membership? Are free-rider and right-to-work the same or different and how?
Business continuity plan : Conduct research to determine three types of computer crimes that have occurred in the past five years.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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