User Account

All Pages

How much is the asset revaluation

Assignment Help Accounting Basics
Reference no: EM132641318

Question - HYUN and JIN are partners sharing profits and losses 3:1. Their respective capital balances were 200,000 and 300,000. At this time, they decided to admit FELIX for an investment of 250,000. The investment of FELIX will give him a 25% interest in the partnership. How much is the asset revaluation?

A. 250,000

B. 150,000

C. 200,000

D. 362,500

Reference no: EM132641318

Questions Cloud

Describe the methods of connecting a mechanical equipment : Describe the methods of connecting a mechanical equipment to service supplies (such as electrical, fluid power, compressed air, oil and fuel supplies)
How much is the adjusted share in profit of the JV Inc : GSW owns 20% in JV Inc. and uses the equity method to account for its interest in the joint venture. How much is the adjusted share in profit of the JV Inc
Prepare one journal entry summarizing the recognition : Prepare one journal entry summarizing the recognition of uncollectible accounts expense for the entire year under each of the above independent assumptions.
How would you characterize overall position of perspective : How would you characterize the overall position of perspective of the current United States Supreme Court (USSC)? Note: One might say that the Warren Court.
How much is the asset revaluation : The investment of FELIX will give him a 25% interest in the partnership. How much is the asset revaluation
How did the hacker get into the network : You are hired by JLA Enterprise to conduct a Forensic Examination after a network intrusion occurs at their corporate office. Your job is to determine.
Extreme by design episode-a real world challenge : What problem was the team presented with in this episode? What problem might they have thought they should solve if they hadn't listened carefully?
What are inventories and the related accounts payables : After reviewing the assets sales, impairments, and restructuring activities, what conclusions can be drawn about the Estee Lauder Companies?
Identify events that led to the creation of the document : Identify events that led to the creation of the document. Explain the need that was felt by the founders used to justify why it was written as it was.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Prepare the necessary adjusting entry

On January 1, 2020, Coronado Company purchased $410,000, 8% bonds of Aguirre Co. for $378,339. Prepare the necessary adjusting entry

  Why pretax financial income difference with taxable income

Classification of cash flows. Explain difference between net income and cash flow. Why pretax financial income difference with taxable income?

  How should Sheralyn treat the loss on the sale

Sheralyn was in the wholesale distribution business for pecans and peanuts grown in Georgia. How should Sheralyn treat the loss on the sale

  Alert-based decision support management accountability

Debate the differences between an alert-based decision support management accountability budgeting, monitoring, and reporting system and a standard reporting system that does not provide instant management information to the decision makers.

  Prepare a classi?ed balance sheet

Prepare a classi?ed balance sheet; assume that $30,000 of the note payable will be paid in 2021. (List Current Assets in order of liquidity

  Explain the impact to the company stock price

Explain the impact to the company's stock price when the restatement was released and to future earnings forecast, indicating whether or not you believe.

  At the beginning of 2013 a company adopts the dollar-value

at the beginning of 2013 a company adopts the dollar-value lifo inventory method for its one inventory pool. the pools

  What is cash coverage ratio

Cash Coverage, Inc. had net sales of $700,000 last year, and increased its retained earnings by $75,000. What is cash coverage ratio

  Indicate how unrealized holding gains and losses

Indicate how unrealized holding gains and losses should be reported for investment securities classified as trading, available-for-sale, and held-to-maturity.

  Bilkins financial advisors provides accounting and finance

bilkins financial advisors provides accounting and finance assistance to customers in the retail business. they have 4

  Preparing a multiple-step income statement

Preparing a Multiple-Step Income Statement. The purpose of this assignment is to help you become familiar with the parts of the multiple-step income statement.

  Discuss the disclosure requirement on accounting policies

Discuss the disclosure requirement on accounting policies, and identify at least two (2) examples of the most commonly required disclosure.

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