What is Natalie capital balance after the transaction

Assignment Help Accounting Basics
Reference no: EM133049238

Question - A partnership has the following capital balances:

Natalie (60% of gains and losses) $200,000

Annie (40% of gains and losses) $150,000

Rachel is going to pay a $90,000 to these two partners to acquire a 20% interest from each. Goodwill is to be recorded. What is Natalie's capital balance after the transaction?

a. $260,000

b. $240,000

c. $208,000

d. $200,000

Reference no: EM133049238

Questions Cloud

Boost juice in a global-digital marketplace : After identifying a trend for juice in the United States and studying the local retail sector to find there was a lack of healthy fast food choices Janine Allis
How does hrm promote workplace flexibility : How does HRM promote workplace flexibility within organisations and What are the possible issues or challenges when addressing workplace flexibility
Five forces of competition : Considering the five forces of competition, choose the two that you estimate are the most significant for Target.
Build and maintain integrity and ethics : What are good questions to ask when you are going to interview a person about his or her business for an assignment? The interview is on Interviewing someone ab
What is Natalie capital balance after the transaction : A partnership has the following capital balances: Natalie (60% of gains and losses) $200,000. What is Natalie capital balance after the transaction
Case of bush v schiavo : Be prepared to describe the religious, political, and sociological factors that may have influenced this drama?
Foreign corrupt policies : Explain what the employees should know regarding the Foreign Corrupt Practices Act. List any consequences of the violations.
Evidence of groupthink in group projects : Using the tenets of groupthink mentioned in the chapter, which characteristics of groupthink were most prevalent in the example you cited?
What will be the value of Matt account in seven years : What will be the value of Matt's account in 7 years with his monthly payments if he is earning 6.5% (APR), 8.5% (APR), or 12.5% (APR)

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