User Account

All Pages

What el initial capital balance in the partnership will be

Assignment Help Accounting Basics
Reference no: EM132780950

problem 1: Jor-El Partnership was formed on January 2, 2020. Under the partnership agreement, each partner has an equal initial capital balance accounted for under the goodwill method. Partnership net income and loss is allocated 60% to Jor and 40% to El. To form the partnership, Jor contributed cash of $60,000 while El contributed $20,000 in cash. El's initial capital balance in the partnership will be:

A. $ 20,000.
B. $ 25,000.
C. $ 60,000.
D. $ 40,000.

Reference no: EM132780950

Questions Cloud

Identify violations of generally accepted auditing standards : Read the case above carefully - IDENTIFY (giving detailed descriptions), the violations of Generally Accepted Auditing Standards
Define the external environment as applies to organization : Define the external environment as it applies to an organization of your choosing. What are the unique aspects of the external environment
What is meant by patient adherence : What is meant by patient adherence? What are some factors related to seeking medical treatment? Who will and will not use health services?
What skills and knowledge are required to be a case manager : What skills and knowledge are required to be a case manager for an addiction and substance use program?
What el initial capital balance in the partnership will be : To form the partnership, Jor contributed cash of $60,000 while El contributed $20,000 in cash. El's initial capital balance in the partnership will be
What are the features of tcp-ip : There are five main features of TCP/IP that are highlighted in the book. List and describe each of the features and describe if any of these features are.
At what amount should the note receivable : The present value of annuity of 1 at 8% for five year is 3.9927. At what amount should the note receivable from XXX Corp. be reported at year-end
How the items that arise from foreign currency transactions : How the items that arise from foreign currency transactions are translated into Australian dollars when initially recognised in the accounting records.
What is the present value of the project : A company has a project with an initial after-tax cash savings of $40,000 at the end of the first year. What is the present value of the project

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