User Account

All Pages

Journalize Vopat admission to the firm of Vopat and Sigma

Assignment Help Accounting Basics
Reference no: EM132626658

Question - Suzy Vopat has owned and operated a proprietorship for several years. On January 1, she decides to terminate this business and become a partner in the firm of Vopat and Sigma. Vopat's investment in the partnership consists of $11,200 in cash, and the following assets of the proprietorship: accounts receivable $14,300 less allowance for doubtful accounts of $1,500, and equipment $20,400 less accumulated depreciation of $4,500. It is agreed that the allowance for doubtful accounts should be $2,250 for the partnership. The fair value of the equipment is $12,600.

Required - Journalize Vopat's admission to the firm of Vopat and Sigma.

Reference no: EM132626658

Questions Cloud

Describe a plan to assess or evaluate the intervention : Activity Assignment - Design & Methodology - Develop and describe a plan to assess or evaluate the intervention. Present clear evaluation questions
How examine relative information content of the income : Examine the relative information content of the income statement and the statement of cash flows. Why do investors find both income statement
What is non-response bias : What is non-response bias? How could this affect the study and how could a researcher work around this?
Discuss about trevor based on the information you have : Several weeks ago, the Smith family enrolled their 4-year-old son, Trevor, in your child care center. As Trevor's teacher, you have already observed.
Journalize Vopat admission to the firm of Vopat and Sigma : Suzy Vopat has owned and operated a proprietorship for several years. Journalize Vopat admission to the firm of Vopat and Sigma
How construct in good form the operating activities section : How Construct in good form the operating activities section of the company's statement of cash flows for the year using the direct method.
Discuss your concern about the type of snacks : You have an upcoming parent-teacher conference with Trevor's parents. How can you respectfully discuss your concern about the type of snacks he brings.
Would you recommend the merger : Would you recommend the merger? If the cost of capital did not change with the merger, would your decision in part (b) be different? Explain
How you would alter the menu to accommodate tyler : Several of the children in your center have special dietary needs. Explain how you would alter the menu to accommodate Tyler who has Type 1 diabetes.

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