Reference no: EM133132956
Question - A, B and C are partners in ABC partnership. On July 1, 2019, D. E, F were admitted to the partnership by contributing cash of 75,000 each so that D, E & F will each have 10% interest in the partnership as well as in the share in the profits and losses. From January 1, 2019 to July 1, 2019, the partnership incurred a net loss of 15,000. This net loss was not yet closed to the capital accounts as of July 1, 2019. At the time of admission, the new partners, all the assets of the partnership are fairly valued.
The partner's capital balance as of January 1, 2019 with their profit or loss ratio are as follows:
A, Capital - 250,000 (20%)
B, Capital - 300,000 (50%)
C, Capital - 275,000 (30%)
The partner's will retain their profit and loss ratio even after admission of D, E and F.
(1) How much is the total partnership capital after admission of D, E and F?
(2) What is the balance of the capital account of A after the admission of D, E and F?
(3) How much is the total bonus given by partner B to the new partners at the time of their admission to the partnership?
(4) What is the balance of the capital account of B after the admission of D, E & F?
|
Outlawed the practice of using capital punishment
: In 2005 the United States Supreme Court outlawed the practice of using capital punishment (the death penalty) for juvenile offenders. What was the basis of this
|
|
Monetary aggregates are groupings of financial assets
: 1. Suppose we observe the following prices: eggs - $1/dozen, butter - $2/pound, shoes - $50/pair, MP3 player - $100. Which of the following is true about the pu
|
|
Demand or marginal bene?t function
: An industrial chemical plant produces hazardous by-products. The own or private marginal cost function (supply,r function) of this chemical producer can be repr
|
|
Design a data warehouse schema for the university
: Design a data warehouse schema for the University - Design a data warehouse schema to satisfy University's decision makers' information needs.
|
|
How much is the total partnership capital
: From January 1, 2019 to July 1, 2019, the partnership incurred a net loss of 15,000. How much is the total partnership capital after admission of D, E and F
|
|
Explain ratification debate mcclellan
: 1. Explain Ratification debate McClellan 2. Explain Fed and Anti-Fed 3. Are we a republic or an empire?
|
|
How can be used or thrifted goods damage the economy
: How can be used or thrifted goods DAMAGE the economy? Expound and explain in a way that it can easily understand.
|
|
Major project of construction of highways
: If the Philippine government agrees to a major project of construction of highways, bridges, ports, installation of a hybrid network sites, and solar panels fro
|
|
Confidentiality and privileged communication
: Investigate the laws pertaining to confidentiality and privileged communication and present your findings to the class. What kinds of mental health providers in
|