User Account

All Pages

What is the ending capital balance of M

Assignment Help Accounting Basics
Reference no: EM133157700

Question 1 - On January 1, 2021, the partners X, Y and Z have capital balances P250,000; P250,000 and P350,000, respectively. They share profits according to capital balances. On July 1, 2021, the partners agreed to admit W who will purchase 50% Z's interest for P200,000. The new set of partners agreed to divide profits equally. If the partnership profit for 2021 is P1,000,000 accrued evenly during the year, what is the ending capital balance of W?

Question 2 - On January 1, 2021, the partners R, S and T have capital balances P250,000; P250,000 and P350,000, respectively. They share profits according to capital balances. On July 1, 2021, the partners agreed to admit Q who will invest P200,000 for 1/4 interest in the new partnership. The new set of partners agreed to divide profits equally. If the partnership profit for 2021 is P1,000,000 accrued evenly during the year, what is the ending capital balance of Q?

Question 3 - On January 1, 2021, the partners E, R and M have capital balances P250,000; P250,000 and P350,000, respectively. They share profits according to capital balances. On July 1, 2021, the partners agreed to admit G who will invest P250,000 for 1/4 interest in the new partnership. The new set of partners agreed to divide profits equally. Before the admission of G, the building owned by the existing partnership is overvalued by P100,000. Excluding the overvaluation of the building, if the partnership profit for 2021 is P1,000,000 accrued evenly during the year, what is the ending capital balance of M?

Question 4 - On January 1, 2021, the partners T, E and A have capital balances P250,000; P250,000 and P350,000, respectively. They share profits according to capital balances. On July 1, 2021, the partners agreed to admit M who will purchase 50% of A's interest for P250,000. The new set of partners agreed to divide profits equally. Before the admission of M, the building owned by the existing partnership is overvalued by P100,000. Excluding the overvaluation of the building, if the partnership profit for 2021 is P1,000,000 accrued evenly during the year, what is the ending capital balance of A?

Reference no: EM133157700

Questions Cloud

Identify the unique features of sport management : Examine the role of sport in society and identify the unique features of sport management and the Australian sport industry
Address the challenges and opportunities in a global context : Address the challenges and opportunities in a global context. Use examples and academic literature to support your discussion
What is the receivables turnover ratio : Vaughn Garden Supplies reported the following information for 2021 and 2022. What is the receivables turnover ratio for 2022
What is the price of a share of stock : The required rate of return on the stock is 12 percent. Land investments are not depreciable. Ignore taxes. What is the price of a share of stock
What is the ending capital balance of M : Excluding the overvaluation of the building, if the partnership profit for 2021 is P1,000,000 accrued evenly during the year, what is the ending capital balance
Briefly summarize the content of the whole report : Create a data file or data base you only need to describe where how and by whom the new data will be prepared
What is the IRR of the payment option : The second option is to pay cash for the car and get a $6895 rebate. What is the IRR of the payment option
How many new shares ought to be issued : JK Inc pursued a project that will demand P1M outlay. If it decides to finance 60% of the project by equity, how many new shares ought to be issued
Calculate the pretax operating cash flow break-even point : A depreciation expense of $300,000 per year. Calculate the pretax operating cash flow break-even point for both factory choices for Sunland's Candles

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