User Account

All Pages

What would be the capital balances of the remaining partners

Assignment Help Accounting Basics
Reference no: EM132478548

Point 1: In May 2017, Imelda a partner of an accouting firm, decided to withdraw when the partners' capital balance were: Mikee, 600,000, Raul, 600,000, and Imelda, 400,000. It was agreed that Imelda is to take the partnership's fully depreciated computer with a second hand value of 24,000 that cost the partnership 36,000.

Question 1: If the profits and losses are shared equally, what would be the capital balances of the remaining partners after the retirement of Imelda?

Reference no: EM132478548

Questions Cloud

What is the process that leads to the stone formation : We know that nephrolithiasis has the potential to obstruct the ureter that is downstream from where the stone forms. That is why the patient has pain.
Which method would you utilize to collect data : Suppose you are going to conduct a study utilizing Qualitative Research Design: Which method would you utilize to collect data and select your sample.
What the researchers report about limitations of the study : By indicating what the researchers report about limitations of the study. By explaining concerns you have regarding internal validity and the ability.
Analyze diversity trend in nursing and health care workforce : Mention and analyze diversity trends in the nursing and health care workforce. Compare and contrast diversity management and organization inclusion in health.
What would be the capital balances of the remaining partners : If the profits and losses are shared equally, what would be the capital balances of the remaining partners after the retirement of Imelda?
Create an argument in favor of the use of electoral college : The Electoral College was created to protect US citizens against mob rule. Mob rule is the control of a lawful government system by a mass of people through.
Calculate the amount of goodwill : Calculate the amount of goodwill that will appear in the consolidated financial statements prepared immediately after the acquisition by Popeye Inc
How would make a statement of cash flows : Alpha Company's fiscal year 2017., Using the information how would make a Statement of Cash Flows for Alpha Company using the indirect method.
Describe the corporate social responsibility initiatives : Describe the corporate social responsibility initiatives of the organization and its impact on the society - Identified all Internal and External Stakeholders

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