User Account

All Pages

What amount of the loss would have been allocated

Assignment Help Accounting Basics
Reference no: EM132773573

Question - The Donna, Megga, and Finnigan partnership began the process of liquidation with the following balance sheet: Donna, Megga, and Finnigan share profits and losses in a ratio of 3:2:5. Liquidation expenses are expected to be $12,000.

If the noncash assets were sold for $234,000, what amount of the loss would have been allocated to Megga with respect to the noncash assets?

a. $43,200.

b. $46,800.

c. $40,000.

d. $42,400.

e. $43,100.

Reference no: EM132773573

Questions Cloud

Which considered a deemed dividend in transactions : Which considered a deemed dividend in transactions between a US multinational corporation and its offshore-controlled foreign corporation (OFC) subsidiaries?
What accounting adjustments would you make : Quack Ltd made significant progress on its next generation Snakeoil drug, Snakeoil 2.0. What accounting adjustments would you make
What is the taxable equivalent bond yield : Paula is in the 40% tax bracket and she holds a municipal bond that pays a tax-exempt interest rate of 4%. What is the taxable equivalent bond yield?
Establish a preferred review cycle time : Establish a preferred review cycle time based on alternative choices, providing a rationale for your choice. Describe 4-6 factors that can influence individual.
What amount of the loss would have been allocated : If the noncash assets were sold for $234,000, what amount of the loss would have been allocated to Megga with respect to the noncash assets
Impact of globalization on managers and organizations : understanding of the impact of globalization on managers and organizations - Demonstrate an understanding business practice and research in the context
Calculate the time value of call option on company x stock : Calculate the time value of the call option on Company X's stock. Strike price of the call option on X's stock (expires in 6 months): $12
What are the advantages of allocating most of the cost : What are the advantages of allocating most of the cost to the land? Think about how this choice will affect the financial statements in the future
What obligation does the corporation have to the party : What obligation does the corporation have to this party? Describe a situation where stockholder claims on the organization might conflict with the claims

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