User Account

All Pages

How much will Jun receive

Assignment Help Financial Accounting
Reference no: EM132937696

Questions -

Q1. Mary Rose decides to buy 25% interest in the Theresa and Yvette partnership by investing P75,000 in the partnership. Theresa and Yvette's capital balances amount to P75,000 and P 100,000 respectively. After Mary Rose is accepted into the partnership how much is the capital balance of Yvette?

Q2. Pie, Jocelyn and Jun are partners in the PJJ Partnership. Pie's capital balance is P900,000, Jocelyn's balance is P150,000 and Jun's balance is P750,000. The partners share profits equally. The partnership decides to liquidate. Noncash assets valued at P2,000,000 were sold for P1,325,000. Liabilities of P200,000 were paid. How much will Jun receive if all partners have no other asset except their investment in the partnership?

Reference no: EM132937696

Questions Cloud

Comparing meat from fore and hind quarter cuts : What is the difference in meat tenderness when comparing meat from fore and hind quarter cuts?
Calculate the amount lost because of the fire : Merchandise with a selling price of $39,000 remained undamaged after the fire. Calculate the amount lost because of the fire
Research the organizational structure of the united nations : Research the organizational structure of the United Nations Human Rights Council. What are the goals of the organization? How is it structured to accomplish tho
What is the importance of partnership : What is the importance of partnership between the employer and the union for ensuring a discrimination-free workplace.
How much will Jun receive : Liabilities of P200,000 were paid. How much will Jun receive if all partners have no other asset except their investment in the partnership
What type of training does employer provide : What type of training does your employer provide? How often does training/career development opportunities take place? If you could change one thing about the c
Describe the other main uses of job analysis information : Describe the other main uses of job analysis information other than in job specifications and person specifications?
How responsible entrepreneurship shapes female : Kindly summarise and give a conclusion of the journal - Doing Well and Doing Good: How Responsible Entrepreneurship Shapes Female Entrepreneurial Success.
What amount should thank company report in its profit : What amount should Thank Company report in its profit or loss from its investment in God Company for the year ended December 31, 2020

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