User Account

All Pages

What is the capital balance of ray

Assignment Help Accounting Basics
Reference no: EM132621465

Problem 1: KG, PAUL, and RAY decided to engage in a real estate venture as a partnership. KG invested P 140,000 cash and PAUL provided an office and furnishings valued at P 220,000. (There is a P 60,000 note payable remaining on the furnishings to be assumed by the partnership). Although RAY has no tangible assets to invest, both KG and PAUL believe that RAY's expert salesmanship provides an adequate investment. The partners agree to receive an equal capital interest in the partnership. Using the bonus method, what is the capital balance of RAY?

Reference no: EM132621465

Questions Cloud

Theory of academic success of children : Please select two theories and explain the definition of each one, background of each theory and apply each theory for the first and second issue
What internal control activities missing in helen company : What internal control activities are missing in Helen's company? During Helen's first five years of employment, BCG subcontracted all of its feasibility
Assignment - Engage with a Work of Research : Assignment - Engage with a Work of Research. How does paying attention to the way you respond to a source help you formulate your stance on a topic
Solve the variable selling and administration expenses : Solve the Variable selling and administration expenses and Factory cost of goods sold and Contribution margin in in shillings and Variable factory overhead
What is the capital balance of ray : The partners agree to receive an equal capital interest in the partnership. Using the bonus method, what is the capital balance of RAY?
How could management measure the ethical health : What additional questions may uncover the ethical culture of an organization? How could management measure the ethical health of an organization other.
How much is the current ratio : Prepaid expenses worth Php5,000 and equipment worth Php10,000. She has a current liability of Php30,000. How much is the current ratio?
What kareem intangible assets should be debited for : KAREEM contributed P 84,000 in identifiable assets. Under the bonus method, to adjust the capital accounts, KAREEM's intangible assets should be debited for
Os2034 cultural dimensions and barriers assignment : OS2034 Cultural Dimensions & Barriers Assignment Help and Solution - provide specific recommendations based on solid research on a wide selection of topics

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