What will be Bs capital balance

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Question - A and B share partnership profits and losses in the ratio of 6:4. A's capital account balance is $240,000 and B's capital account balance is $150,000. C is admitted to the partnership by investing $270,000 and is to receive a one-fourth ownership interest. What will be B's capital balance after C is admitted to the partnership?

Apple declared share dividends of 20% on its 200,000 issued and outstanding ordinary shares with a par value of $50 per share. At the time of declaration, the market value of ordinary shares was $80 per share and $100 per share at the time shares were issued. What amount should be charged to Accumulated Profits and Losses account? What amount should be credited to the liability account?

Reference no: EM132935056

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