What is the total implied goodwill of the firm

Reference no: EM13132642

At December 31, 2011, Barb and Kim are partners with capital balances of $250,000 and $150,000, and they share profits and losses in the ratio of 2:1, respectively. On this date, Jack invests $125,000 cash for a one-fifth interest in the capital and profit of the new partnership. The partners agree that the implied partnership goodwill is to be recorded simultaneously with the admission of Jack. What is the total implied goodwill of the firm?

Reference no: EM13132642

Questions Cloud

Value preferred stock for cash : The Sneed Corporation issues 10,000 shares of $50 par value preferred stock for cash at $70 per share. The entry to record the transaction will consist of a debit to Cash for $700,000 and a credit or credits to:

Conflict management style : identifies the conflict management style (not techniques) - avoiding, accommodating, competing, collaborating and compromising - used by your agency or place of work (management and/or co-workers). How does this match or contradict your personal conf..

Compare mean and standard deviation of actual distribution : Compare the mean and standard deviation of the actual distribution of your 50 sample proportions for 20 tosses to what the theoretical sampling distribution model says the mean and standard deviation should be.

Animosity between my mother and sibling were hallmark : Over the last several years, situations in my household were quite difficult. Animosity between my mother and my sibling were a hallmark of this difficult time, and the constant yelling and fighting made it difficult for me to focus on my school stud..

What is the total implied goodwill of the firm : The partners agree that the implied partnership goodwill is to be recorded simultaneously with the admission of Jack. What is the total implied goodwill of the firm?

Calculate q, w, and e for melting of ice : The standard molar heat of fusion of ice is 6020 J/mol. Calculate q, w, and E for melting 1.00 mol of ice at 0C and 1.00 atm pressure.

Sine-cosine fourier series : Given one period of a function expand it in a sine-cosine Fourier Series and in a complex exponential Fourier Series. Do not use even or odd function shortcuts.

Weighted-average number of shares : Gridley issued a 20% stock dividend on May 1. On August 1, Gridley purchased 140,000 shares and immediately retired the stock. On November 1, 200,000 shares were sold for $25 per share. What is the weighted-average number of shares outstanding for..

Audience analysis : Having potential resources, such as electronic databases and gathering the right information, and like you say "up to date" are perfect combination to research your topic to its fullest extent as you mentioned

User Account

All Pages