User Account

All Pages

What will be Anne beginning capital balance

Assignment Help Financial Accounting
Reference no: EM132803330

Problem - A partnership has the following capital balances with partners' profit and loss percentages indicated parenthetically:

Henry (60%) $76,000

Thomas (25%) 90,000

Catherine (15%) 130,000

Anne is going to invest $75,000 into the business to acquire a 30 percent ownership interest. Goodwill is to be recorded. What will be Anne's beginning capital balance?

a. $75,000

b. $111,300

c. $88,800

d. $126,857

Reference no: EM132803330

Questions Cloud

Which option is the financial manager likely to choose : Suppose you are a financial manager and you have the following information on two projects: Which option is the financial manager likely to choose
Determine the net present value of the investment : Kunkel Company, What is the difference between the total, undiscounted cash inflows and cash outflows over the entire life of the machine?
Explain the interest rate risk faced by the company : Explain how the swap impacts the interest and principal repayments of the underlying bill facility and the interest rate risk faced by the company
What amount should martin company report as dividend income : Martin owns a 5% interest in Luke Company. What amount should Martin Company report as dividend income for the current year?
What will be Anne beginning capital balance : Anne is going to invest $75,000 into business to acquire a 30 percent ownership interest. Goodwill is to be recorded. What will Anne beginning capital balance
Determine the value of the viatical settlement : From a financial standpoint what factors determine the value of the viatical settlement, From the insured perspective?
Which is an example of corruption : Which is an example of corruption? A director participating in ongoing professional development. /A company offering a potential client a bribe
What is the equity multiplier : (1) SME Company has a debt-equity ratio of .60. Return on assets is 8.1 percent, and total equity is $515,000.
First-year cost of college after adjustment for inflation : The college cost inflation rate is 5.1 percent compounded annually. Estimate first-year cost of college after adjustment for inflation.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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