User Account

All Pages

Which conditions is not a description or impact of admission

Assignment Help Accounting Basics
Reference no: EM132831233

Problem 1: Which of the following conditions is not a description or impact of admission by purchase?

Option 1: Any money or other consideration exchanged is the property of the participants and not the property of the partnership.

Option 2: The entry to record is by debiting Cash/Non Cash assets and crediting the new partner's capital account.

Option 3: Total assets, total liabilities, and total capital remain unchanged.

Option 4: The transaction is a personal one between one or more existing partners and the new partner.

Problem 1: Partner's investment may include which of the following?

Option 1: All of the choices

Option 2: Non-cash assets

Option 3: Non-cash assets with liabilities to be assumed

Option 4: Cash

Reference no: EM132831233

Questions Cloud

Explain concept of ubiquitous computing : Explain the concept of ubiquitous computing. What is unified messaging? Summarize your learning of the Intranet.
What should be the preferred stock market value : What should be the preferred stock's market value if the required return on this stock is currently at 14%? The Ferns Company has decided to undertake
What strategies do you use to choose appropriate texts : In 250-500 words, summarize and reflect on the different literary genre and how each can be implemented in your future classroom. Explain the strategies for.
Describe the cognitive development stages : A classroom is comprised of students at varying levels of cognitive development; therefore, a one-size-fits-all approach will not meet all of the students'.
Which conditions is not a description or impact of admission : Which conditions is not a description or impact of admission by purchase? Total assets, total liabilities, and total capital remain unchanged.
Emerging threats and countermeasures : Internet-related crime occurs every minute. Cybercriminals steal millions of dollars with near impunity.
What amount should the partnership record each of the assets : Fixed asset with a carrying amount in excess of its current market value. At what amount should the partnership record each of the assets contributed?
Mobile networks in global economy : Mobile networks in a global economy can be a challenge for multiple reasons
What are the components of cost of goods sold : What are the components of Cost Of Goods Sold? What does the Cost of Goods Sold schedule measure? Provide an example of how to calculate Cost of Goods Sold.

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