User Account

All Pages

What is the capital of B Dilim immediately after admission

Assignment Help Accounting Basics
Reference no: EM132576246

Question - Presented below are the account balances of Colorado Partnership as of June. 30, 2008:

Cash P75,000

Liabilities P80,000

Receivables 50,000

O. Liwanag, Capital 172,000

Inventory 120,000

B. Dilim, Capital 156,000

Other assets 255,000

C. Espiritu, Capital 92,000

Liwanag, Dilim and Espiritu share profits and losses in the ratio 4:3:3, respectively. Emmanuel is admitted in the partnership by purchasing 25% interest of the partnership for a total of P 115,000. Other assets are adjusted upon admission of Emmanuel. What is the capital of B. Dilim immediately after admission of Emmanuel?

Reference no: EM132576246

Questions Cloud

Community correctional center : Would you allow a community correctional center to be built in your neighborhood? Why or why not?
How much should be paid in dividends : Glendas management believes that a debt-equity ratio of 40 percent is best for the firm. How much should be paid in dividends
Reconcile civil liberty and national security : Combating terrorism has entailed restrictions on civil liberties. How can we reconcile civil liberty and national security?
What are generally accepted accounting principles : Answer the following questions related to GAAP. What are generally accepted accounting principles? What are the sources of these principles
What is the capital of B Dilim immediately after admission : Other assets are adjusted upon admission of Emmanuel. What is the capital of B. Dilim immediately after admission of Emmanuel
Make a corrected balance sheet in the form of table : Make a corrected Balance Sheet in the form of Table and find out the missing value of Land. Cash=100,000, Accounts Payable=50,000
Compute for capital of Geene immediately after admission : Dianne invested cash for a 1/3 interest in partnership assets and profits. Compute for the capital of Geene immediately after the admission of Dianne
Find the probability that Department FA is responsible : CTV Company has three sales departments. Department FA processes about 50 percent of CTVs sales, Find the probability that Department FA is responsible
How much are the net income under absorption costing : Southseas Corp. uses a standard cost system. How much are the net income under absorption costing and variable costing methods

Reviews

Write a Review

Accounting Basics Questions & Answers

  Briefly explains the types of compensation

MAA310 - Accounting and Society - Briefly explains the types of compensation included in remuneration packages of Chief Executive Officers and provides examples from the latest remuneration report for your allocated* Australian publicly listed com..

  Journalize the entry to record the sale

ABC Company has office furniture that cost $40,000, an estimated life of 10 years and a $4,000 salvage value. Journalize the entry to record the sale

  What would insurance expense

On December 31, 2012, Company V had a balance in its prepaid insurance account of $48,400. What would Insurance expense for 2013 be

  Which type of depreciation methods do organizations prefer

The topic for discussion this week is: Cash Flow and Taxes. With regard to tax purposes, which type of depreciation methods do organizations prefer and why?

  Indicate the value that government should assign to assets

It purchased new construction equiotment. List price was $400,000, but the city was granted a 10 percent "government discount."

  Problem regarding the maintenance costs

A limousine company is concerned with increasing costs of maintaining their fleet of 150 cars. After testing, the company found that the emissions systems of 7 out of the 22 cars they tested failed to meet pollution control guidelines.

  Compute the compensation expense

The shares' fair value is $18 per share on December 31, 2021 and $20 per share on December 31, 2022. Compute the compensation expense for 2022

  What is the amount of vacation benefit expense

Their average daily wage is $94 per day. What is the amount of vacation benefit expense to be recorded for the month of July

  Record the adjusting entry for fernando on april

Interest is paid after six months and interest rates are 8%. Record the adjusting entry for Fernando on 30 April 2017

  What amount of dividends will common stockholders receive

If M. Bot wants to pay $350,000 of dividends in 2017, what amount of dividends will common stockholders receive

  How does that change your response to ms thomas

Suppose the hospital has a foundation that supports the operations of the hospital. How does that change your response to Ms. Thomas

  Enacted tax rate-current and future periods

The enacted tax rate is 25% in current and future periods. What will White record as its income tax expense in Year 1?

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