User Account

All Pages

Calculate the johnson equity share

Assignment Help Accounting Basics
Reference no: EM132623988

Problem 1: On January 2, 2018, Smith and Jones agree to accept Johnson as a partner upon his investment of $60,000 cash in the partnership. Johnson is to receive a 20% ownership interest in the new partnership. Any bonus is attributable to the existing partners and is shared equally. The equity of Smith and Jones $174,000. Calculate the Johnson's equity share and prepare journal entries .

Reference no: EM132623988

Questions Cloud

What total amount of depletion should be recorded : Vorst Company purchased a mineral mine for P26,400,000 with removable ore estimated at 1,200,000 tons. What total amount of depletion should be recorded
Why are you passionate about the topic of research : Locate a dissertation on any topic by searching the ProQuest library database. Read the literature review section. Provide a one paragraph summary.
How calculate the net income allocation to each partner : How Calculate the net income ( loss ) allocation to each partner if the Net losses for the year is $ 38,300 and Journalize the allocation of net income
Describe the concept or theory : Explain in a short paragraph why you selected the word to describe the concept or theory you selected from each of the 2 chapters
Calculate the johnson equity share : On January 2, 2018, Smith and Jones agree to accept, The equity of Smith and Jones $174,000. Calculate the Johnson's equity share and prepare journal entries
Describe a significant clinical issue : Describe a Significant Clinical Issue. Please review a current literature and provide an article that relates to the topic. In this thread, please discuss how.
What amount of inventory is recorded : A company has an account payable to a U.S. company, a supplier of inventory, in the amount of US$230,000. What amount of inventory is recorded
What was the best and worst parts of your overall experience : How did this internship help prepare you for future endeavors, both academically and in the workplace? What surprised you about this internship?
What amount of warranty expense should be recorded in april : Helpi Auto Parts Ltd. offers a six-month warranty on parts that the company has installed. What amount of warranty expense should be recorded in April

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: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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