User Account

All Pages

What are the individual capital balances of the remaining

Assignment Help Accounting Basics
Reference no: EM132594292

Cash and current assets - $66,000

Land - 396,000

Building and equipment (net) - 220,000

Totals = $682,000

Liabilities - $88,000

L, capital - 44,000

M, capital - 88,000

N, capital - 198,000

O, capital - 264,000

Totals = $682,000

Question 1: N retires from the partnership and, as per the original partnership agreement, is to receive cash equal to 125 percent of her final capital balance. No goodwill or other asset revaluation is to be recognized. All partners share profits and losses equally. After the withdrawal, what are the individual capital balances of the remaining partners?

Reference no: EM132594292

Questions Cloud

Changed from your grandparent generation : Do you think that your grandparents had this ingredient in their food supply? How has your diet changed from your grandparent's generation?
Calculate the profit or loss to be reported in the financial : Calculate the profit or loss to be reported in the financial statements of Fry Ltd at 31/12/20X0.20/11 Borrows $90,000 from an American bank
Variety of methods to get food throughout history : Humans have used a variety of methods to get food throughout history. Choose one of the following food-getting strategies: foraging, horticulture,
What are the city biggest basic and nonbasic activities : What are the city's biggest basic and nonbasic activities? What forms of transportation does the city use?
What are the individual capital balances of the remaining : All partners share profits and losses equally. After the withdrawal, what are the individual capital balances of the remaining partners?
Area or parties involved play role in the conflict : How does the geography, economy, and culture of the area or parties involved play a role in the conflict?
Calculate the weighted average number of common shares : Calculate the Weighted average number of common shares - Marin sold 14,800 additional common shares
Campus or local community level : Identify and explain a sustainability solution at your campus or local community level.
What is the amount of the monthly? payment : What is the amount of the monthly? payment and What are the monthly loan payments for the car if you make a down payment of ?$4,771?, the term is 6 years

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