Which partner should provide additional investment

Assignment Help Accounting Basics
Reference no: EM132808970

A and B agreed to form a partnership. The partnership agreement stipulates the following:

Initial capital of ?300,000.

A 25:75 interest in the equity of the partnership.

Problem 1: A contributed ?100,000 cash, while B contributed ?200,000 cash. Which partner should provide additional investment (or withdraw part of his investment) in order to bring the partners' capital credits equal to their respective interests in the equity of the partnership?

Reference no: EM132808970

Questions Cloud

Strategic partnership for a new gigafactory in china : The Strategic Partnership for a New Gigafactory. Does Tesla have internal capability to exploit opportunities and overcome the threats/entry barriers?
What is henson bonus : What is Henson's 2005 bonus? Garcia and Henson formed a partnership on January 2, 2005 and agreed to share profits 90% and 10%
What amount of profit would be necessary : Salaries traceable to the other partners are estimated to be ?100,000. What amount of profit would be necessary so that Maxwell would consider the choices to be
How much is the share of partner b in the partnership profit : How much is the share of Partner B in the partnership profit? The partners share profits equally and losses on a 60:40 ratio. During the period the partnership.
Which partner should provide additional investment : Which partner should provide additional investment (or withdraw part of his investment) in order to bring the partners' capital credits equal to the respective
How much is the adjusted capital balance of b immediately : A and B agreed to form a partnership. How much is the adjusted capital balance of B immediately after the formation of the partnership?
Performing the task in a real-word scenario : Identify a task that you would need to perform in your career in healthcare or future career, and explain how you would apply the knowledge
Command and control style leader : Was this person an inspiring leader or more of a command-and-control style leader? What lessons did you learn from that experience?
How much are the adjusted capital balances of a and b : How much are the adjusted capital balances of A and B, respectively? The inventory has an estimated selling price of ?110,000 and estimated costs to sell

Reviews

Write a Review

Accounting Basics Questions & Answers

  Create a cost-benefit analysis to evaluate the projectthe

create a cost-benefit analysis to evaluate the projectthe state of massachusetts would like to replace a national guard

  Record the entries for jen manufacturing

Record the following entries for Jen Manufacturing. Factory overhead expenses totaling $5,000 were paid in cash

  Prepare a comprehensive balance sheet

The objective is to prepare a comprehensive balance sheet and single-step income statement presented in good form and derived from a list of various accounts.

  Transactions related to long-term bonds

Prepare journal entries to record the following transactions related to long-term bonds of Quirk Co. On July 1, 2011 Quirk retired $150,000 of the bonds at 102 plus accrued interest. Quirk uses straight-line amortization.

  How much will be depreciated in year five

How much will be depreciated in year five and in year six using the straight-line method of depreciation, and assuming the salvage value is still $5,000

  Two divisions of a cmi are involved in a dispute division a

two divisions of a cmi are involved in a dispute. division a purchases part 101 and division b purchases part 201 from

  What quantitative information is relevant to the decision

Which type of nonroutine operating decision is involved here? What are the managers' decision options? What quantitative information is relevant to the decision?

  Prepare the depreciation table for XYZ truck

Prepare the depreciation table for XYZ's truck, assuming that the company uses the straight-line method for depreciation

  Book values and the market values of the issues

A company is considering the possibility of raising Rs 100 million, by issuing debt, preference capital, and equity and retaining earnings. The book values and the market values of the issues are as follows:

  What amount will credited for Ms beginning capital balace

M contributes $38,000 to the partnership and the bonus method is used. What amount will be credited for M's beginning capital balance

  Stahl consulting started the year with total assets of

stahl consulting started the year with total assets of 20000 and total liabilities of 5000. during the year the

  Materials are the forms used in the application process and

royale mortgage company uses a process cost system to accumulate costs in its loan application department. when an

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd