User Account

All Pages

How much is the gain or loss on the sales transactions

Assignment Help Accounting Basics
Reference no: EM132856908

Khalyl Dionne formed a partnership with Khyle Lorenz on a business dealing with motorcycle parts in Mandaue City. Their capital balances as of this date follows:

Khalyl Dionne 300,000

Khyle Lorenz 600,000

TOTAL 900,000

Irene Mosqueda, a prospective business associate offers to buy 1/4 of the partnership interest for 255,000. The old profit and loss ratio of the partners is 45%-55% after which, they will again have to provide a new basis for profit distribution.

Required:

Question 1: How much is the book value of the partnership interest acquired by Mosqueda?

Question 2: How much is the gain or loss on the sales transactions?

Reference no: EM132856908

Questions Cloud

Significant difference in blood pressures over time : Is there a statistically significant difference in blood pressures over time? Run the test at a 5% level of significance.
What is the unrealized holding gain or loss : Using the same data in number 1, what is the unrealized holding gain or loss to be recognized by ABC Inc. for the year ended December 31, 2011 in profit or loss
Find capital balances of the partners after admission : Find Capital balances of the partners after admission. Khyle and Lorenz are partners who shared profit and loss on a 3:2 basis. They wished to expand business.
How many students scored higher than 76 : -For a standard normal distribution, find: P(z & -0.26) Express the probability as a decimal rounded to 4 decimal places
How much is the gain or loss on the sales transactions : How much is the book value of the partnership interest acquired by Mosqueda? How much is the gain or loss on the sales transactions?
What is the current price of the bond : Suppose a German company issues a bond with a par value of €1,000, 10 years to maturity, What is the current price of the bond
Organizational perfomance and social responsibility : What role does corparete reputation play within organizational perfomance and social responsibility?
Caalculate a confidence interval for a population mean : Determine the critical value that can be used to calculate a 90% confidence interval for a population mean when you have a sample size of 20
By how much amount the service revue will be credited : The present value of an ordinary annuity of 1 at 12% for 8 periods 4.9676. By how much amount the service revue will be credited

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