User Account

All Pages

What is the capital balance of deo after admission

Assignment Help Financial Accounting
Reference no: EM132769697

Problem 1: Ace, Boy and Cid are partners sharing profits in the ratio of 3:3:2. On July 31, their capital balances are as follows: Ace - P700,000, Boy - P500,000, and Cid - P400,000. The partners agree to admit Deo on the following agreement: (a) Deo is to pay Ace P500,000 for ½ interest of Ace's interest; (b) Deo is also to invest P400,000 in the partnership; (c) The total capital of the partnership is to be P2,400,000, of which Deo's interest is to be 25%. What is the capital balance of Deo after his admission?

Reference no: EM132769697

Questions Cloud

What chito capital should be : The new partnership began in 2012 with total capital of P300,000. Immediately after Meng's admission, Chito's capital should be?
Importance of stakeholder engagement in policy making : Discussed the importance of stakeholder engagement in policy making.
How would costly bankruptcy impact a firm assessment : How would costly bankruptcy impact a firm's assessment of the optimal leverage strategy? Assume that the firm relies on Modigliani and Miller theorem.
Software and ransomware case study : Which are the best software development tools that can be used by the software engineers?
What is the capital balance of deo after admission : The total capital of the partnership is to be P2,400,000, of which Deo's interest is to be 25%. What is the capital balance of Deo after his admission?
Provide recommendations for companies to increase : Provide recommendations for companies to increase the effectiveness of their marketing and branding systems to create and market new watches that benefit people
Modigliani and miller theorem : How would costly bankruptcy impact a firm's assessment of the optimal leverage strategy? Assume that the firm relies on Modigliani and Miller theorem.
What amount was debited to the appropriate account : What amount was debited to the appropriate account to write off uncollectible accounts in 2018? Mill Company's allowance for doubtful accounts was P1,000,000
Discuss the implication of the current development on blegug : Discuss the implication of the current development on Blegug's deferred tax asset. Blegug Corp calculated that it had sustained a deferred tax asset

Reviews

Write a Review

Financial Accounting Questions & Answers

  About deferred revenue

Which of the following is not true about deferred revenue?

  Define apr

Define APR. Briefly discuss why the APR interest rate that the borrower pays on a mortgage is sometimes higher than the interest rate of the loan.

  Prepare schedule that estimates the amount of inventory lost

Prepare a schedule that estimates the amount of the inventory lost in the fire. What are some other reasons management might need to estimate the amount of inventory?

  Find what annual increase in income would firm realize

What annual increase in income would your firm realize if the increase in cash could be invested at 7.5 percent, If this value could be reduced to 50 days?

  Ransferred property worth-treatment of transaction

Aaron transferred property worth $75,000 and services worth $25,000 to the BJ Corporation. In exchange, he received stock in BJ valued at $100,000. Immediately after the exchange, Aaron owned 80% of the only class of outstanding stock. Which of the f..

  Calculate the increase or decrease in the share price

If ABC plans to make the investment and cost of equity capital is 8.5%, calculate the increase or decrease in the share price of ABC as a result of this decision.

  Financial statements vs. the financial reporting framework

Explain the Financial statements vs. the financial reporting framework

  What is the stock expected price five years from now

Constant rate of 5.25% per year. The required rate of return on the stock, rs, is 11.50%. What is the stock's expected price 5 years from now?

  Cost classifications and anufacturing sector

The Kitakyushu, Japan, plant of Nissan Motor Corporation assembles two types of cars (Teanas and Muranos). Separate assembly lines are used for each type of car. Direct or indirect (D or I) costs for the total number of Teanas assembled. Variable or ..

  Capital expenditure

Betterments are a type of capital expenditure

  What annual rate of interest must you earn on investment

You presently have $50,000 to invest. What annual rate of interest must you earn on your investment to cover the cost of your child's college education?

  Preparation of general purpose financial reports

You should then respond to the statement by arguing a position. Do you agree or disagree, explaining why. You should give consideration to events in recent years that may have had an influence.

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