User Account

All Pages

How much will b receive from the partnership

Assignment Help Accounting Basics
Reference no: EM133130224

Question - After operating for five years, the books of the partnership of A and B showed the following balances:

Net assets P130,000

A, Capital 85,000

B, Capital 45,000

Liabilities of the partnership is P 50,000 and cash is 25% of the total value of non-cash assets. The liquidation takes place at this point and the net assets are realized at 150% of book value. All partners are solvent.

1. How much will B receive from the partnership in the final distribution of remaining cash in the liquidation process?

2. How much will A receive from the partnership in the final distribution of remaining cash in the liquidation process?

Reference no: EM133130224

Questions Cloud

Independent variables appear to be statistically : Accountants at the Renong and Khalid Accountant Company believed that several traveling executives were submitting unusually high travel vouchers when they re
What is the initial cost of the plant : The company is considering a new plant that will cost $111 million to build. What is the initial cost of the plant
Describe the strategy that east asia used : How are import substitution and export promotion policies used to aid in the industrialization of developing nations?
What is the equilibrium price in market : Chrissie's demand for chachkies (a private good) can be expressed as P = 400 - 20 Q. John's demand for chachkies can be expressed as P = 100 - 5Q.
How much will b receive from the partnership : Liabilities of the partnership is P 50,000 and cash is 25% of the total value of non-cash assets. How much will B receive from the partnership
Promote the green technology markets : How have the governments of China and Germany intervened to promote the green technology markets?
What economies of scale is a large department store : What economies of scale (scale merits) is a large department store likely to experience? Briefly explain by referring to specific examples
What is called or what is recorded in accounting : What is called or what is recorded in accounting when company No. 1 acquires company No. 2 and pays a value greater than its value
Outcomes of monopolies for our society : Your classmate argues that the outcomes of perfect competition are always better than the outcomes of monopolies for our society. Criticize this argument.

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