What amount of jon winek capital balance that will be report

Assignment Help Accounting Basics
Reference no: EM132830703

Problem 1: Jon Winek started the year with a capital balance of $135700. During the year, his share of partnership net income was $120400 and he withdrew $21900 from the partnership for personal use. He made an additional capital contribution of $37600 during the year. The amount of Jon Winek's capital balance that will be reported on the year-end balance sheet will be

Reference no: EM132830703

Questions Cloud

What is the proper adjusting entry at june : What is the proper adjusting entry at June 30, the end of the fiscal year, based on a prepaid insurance account balance before adjustment
Calculate cost base and capital gain : Calculate cost base, and capital gain (Loss), and capital gain tax, if any, considering Ajay decided to index and the relevant corporate tax rate is 30%
Preparing the research paper introduction : Brief overview of your project and what the proposal is going consist of of your research and why it is exciting and worth pursuing
What is the intrinsic value of rhw shares : Using the Dividend Discount Model( DDM), what is the intrinsic value of RHW shares?
What amount of jon winek capital balance that will be report : Additional capital contribution of $37600 during the year. The amount of Jon Winek's capital balance that will be reported on the year-end balance sheet will be
Demonstrate comprehension of qualitative research studies : Write a critical appraisal that demonstrates comprehension of two qualitative research studies. Use the "Research Critique Guidelines - Part 1" document to.
Differences between threat-risk-hazard and peril : Assess the similarities and differences between threat, risk, hazard, and peril?
What is the amount of company sandhill check : If Company Sandhill remits a check taking advantage of the discount offered, what is the amount of Company Sandhill's check?
Why business organizations are reluctant to issue : What do you believe are the possible advantages and disadvantages associated with issuing a sustainability report to external stakeholders

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.

  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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd