User Account

All Pages

Calculate the price of admission

Assignment Help Accounting Basics
Reference no: EM132879835

Question - LD has two partners, D and K. The balance sheet is as follows:

Assets cash: tax: 1,000,000. Book: 1,000,000

Land: tax: 1,000,000. Book: 1,000,000

Liabilities

Tax: 1,000,000 book:1,000,000

Capital

A: tax: 500,000. Book: 500,000

B: tax: 500,000. Book: 500,000

They determine to admit K as a partner with a 25% capital and profits interest. They ask you to revalue the books and to determine the amount of capital K must contribute. The land is now worth $3,000,000. Calculate the price of admission. Show the books after revaluation and admission of K for cash.

Reference no: EM132879835

Questions Cloud

Think about the main types of safeguards for data security : Building on what you read in the articles, think about the main types of safeguards for data security:
What actions can companies take in response to potential : Should organizations fear websites where consumers post negative messages about products and services? What actions can companies take in response to this poten
How the present day collective bargaining evolved : 1a. Cite at least 2 examples of how the present day collective bargaining evolved over the past century. In response address HRM areas such as employees
Determining how to compensate position : You operate a small advertising agency. You employ two secretaries, a graphic designer, three sales representatives, and an office coordinator.
Calculate the price of admission : The land is now worth $3,000,000. Calculate the price of admission. Show the books after revaluation and admission of K for cash
What is the amount of each rent payment : The asset has a bargain purchase option with a value of $16,000. What is the amount of each rent payment
How are similar to the ancient civilizations of mesopotamia : Compare the rise of civilizations in Mesoamerica and Andean South America. How are they similar to the ancient civilizations of Mesopotamia
How much revenue from this contract will Aome recognize : Acme expects the maintenance work on this contract to occur evenly over the four-year contract period. How much revenue from this contract will Aome recognize
Explain the general concept of fraud : 1. Explain the general concept of Fraud. Identify, explain, and give examples of the 5 common types of fraud.

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