User Account

All Pages

Discuss merchandise inventory with a current market value

Assignment Help Accounting Basics
Reference no: EM131753470

Allan and Barret form a partnership. Allan contributes $ 28,000 cash and merchandise inventory with a current market value of $ 55,000 . Barret contributes $ 7,000 in cash and land with a current market value of $ 20,000 (cost of $ 5,000 ). Which of the following is correct?

A.Barret, Capital is credited for $ 27,000.B.Barret, Capital is credited for $ 12,000.C.Barret, Capital is debited for $ 12,000.D.Barret receives a bonus of $ 20,000 from Allan.

Reference no: EM131753470

Questions Cloud

Difference in population mean sulfur dioxide emission rates : Biology and Environmental Science Sulfur dioxide is a toxic gas, has a distinct, pungent odor, and contributes to acid rain and changes in climate.
Compute the bond yield to maturity : Fingen's 12-year, $1,000 par value bonds pay 12 percent interest annually. Compute the bond's yield to maturity. Should you purchase the bond
How much money will luke and olivia have in forty five years : How much money will Luke and Olivia have in 45 years if they do nothing for the next 10 years, then put $1800 per year away for the remaining 35 years?
Why a bystander may not help out in these two situations : In the morning, you are walking down a very busy street and you see a man lying on the ground, shaking. Do you stop, or do you continue to walk by?
Discuss merchandise inventory with a current market value : Allan and Barret form a partnership. Allan contributes $ 28,000 cash and merchandise inventory with a current market value
Improving the infra-structure of the nation : In a simple random sample of 821 citizens, 63% said that they approve the tax raise for improving the infra-structure of the nation.
Percentage of fat in a serving size : Public Health and Nutrition Nondairy creamers (for coffee and tea) contain vegetable fat, cornsyrup solids, casein, and other ingredients.
Estimate of the population mean : What is the margin of error of your estimate of the population mean at a 95% confidence level?
Determine that the population mean weights are different : Marketing and Consumer Behavior The deli department in a Publix Supermarket conducted a survey to compare orders on certain items.

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