User Account

All Pages

What is the capital balance of Ditas

Assignment Help Financial Accounting
Reference no: EM132810872

Question - Daza, Diaz, and Ditas are partners with capital balances of P80,000, P120,000 and P160,000, respectively. They share profits and losses in the ratio of 3:4:3. Diaz decides to withdraw from the partnership. Diaz receives p150,000 in settlement of his interest. If the asset revaluation method is used, what is the capital balance of Ditas immediately after the retirement of Diaz?

Reference no: EM132810872

Questions Cloud

Relationship between the temperature inside people : For each of the following, whether it is most likely that the study described is experimental or correlational and why.
Discuss follow-up and contingency plans : Discuss follow-up and contingency plans. How will the organization know that your proposed solution is working? What should they do if it does not work?
Self-assessment for individual career planning : What is the value of self-assessment for individual career planning and organizational career management?
What are benefits and consequences for conducting training : Make a final decision on the content or skills to train your learners on. Choose a subject that will allow you to gauge their performance before.
What is the capital balance of Ditas : If the asset revaluation method is used, what is the capital balance of Ditas immediately after the retirement of Diaz
Analyze benefit of recalculating cost of pickle production : Analyze the benefit of recalculating the cost of pickle production. Explain why some production costs are variable and some are fixed.
Create a strong hook : Summarize sentences of the most interesting supporting details and/or evidence - Create a strong hook
Millennial generation and generation z value : Research this aspect of recruiting and retention to learn if workers in the millennial generation and generation Z value this more than Generation
What is the value of the shares : Rachelle expects that at the end of the third year, the selling price of the company's stock will be P125 per share. What is the value of the shares

Reviews

Write a Review

Financial Accounting Questions & Answers

  Note requires four equal total payments of accrued interest

On Januar 1, 2015, Eagle borrows $100,000 cash by signing a four-year, 7% installment note. The note requires four equal total payments of accrued interest and principal on December 31 of each year from 2015 through 2018. Prepare the journal entries ..

  Complete the company cash budget

Wehr Inc. is preparing its cash budget for April. The budgeted beginning cash balance is $22,000. Budgeted cash receipts total $101,000 and budgeted cash disbursements total $98,000. The desired ending cash balance is $70,000. Complete the company's ..

  Make journal entry to record stock dividend would include

Make journal entry to record the stock dividend would include a. Maggot Corp. declares and distributes a 3% stock dividend on its 10,000 outstanding shares

  Prepare the journal entries in the general journal

Prepare the Journal Entries in the General Journal, post Journal Entries to the General Ledge, prepare a Trial Balance

  What was cline share of income

What was Cline's share of income for 20X1? sharing the remainder of the income or loss in a ratio of 20% for Cline and 40% each for Watters and Nettles.

  Calculate amount of revenue that hearstrings will recognize

Heartsrings sells an assortment of gifts for any occasion During October Heartsring started a Gift of the month program Under the terms of this program beginning n the month of the sale, Hearstrings would select and deliver a random gift each month o..

  An expert witness may not express an opinion

An expert witness may not express an opinion . . . A contract for expert testimony services should include each of the following except . . .  Consistent execution of a document destruction policy justifies destruction of subpoenaed documents. Sancti..

  Direct materials and direct labor for products sold

Sail New England prduces small sailboats for beginning sailors and for small boat regattas. Sales in the most recent year were $5,000,000 with profits before taxes of $600,000. Annual S,G,& A expenses are approximaely $1000,000, direct materials and ..

  Question to evaluate the amount at which inventory could be

question to evaluate the amount at which inventory could be reported on the 31st december year 1 balance sheet monroe

  What is the book value of joe company

Joe's Tree Service bought new machines 3 years ago for $600,000. The machines can be sold today to his brother's company Sam's Tree Service for $430,000.

  Journalize the entries for Shore and Blue Star for the sale

The cost of the goods sold is $67,200. Shore paid freight of $1,800. Journalize the entries for Shore and Blue Star for the sale

  Partnership is developing direct labor standards

Bignbad Limited Partnership is developing direct labor standards. The basic direct labor wage rate is $12.55 per hour. Employment taxes are 7% of the basic wage rate. Fringe benefits are $2.00 per direct labor-hour. The standard rate per direct labor..

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