User Account

All Pages

What is balance in B capital account after admittance of D

Assignment Help Accounting Basics
Reference no: EM132542438

Question - ABC Partnership has the following capital balances and profit and loss percentages.

A (40%) $100,000

B (30%) $200,000

C (30%) $300,000

D will pay a total of $200,000 to the three partners in a privately negotiated transaction to acquire a 25% ownership interest. The goodwill method is to be used.

Required -

a. Prepare the journal entry (or entries) required by the ABC partnership.

b. What is balance in B's capital account after the admittance of D?

Reference no: EM132542438

Questions Cloud

Prepare a pie chart showing the dollars budgeted : Prepare a pie chart showing the dollars/percentages budgeted for each included marketing activity for the first year. Provide justification
Descriptions of hazards associated with earthquakes : Descriptions of hazards associated with earthquakes in Los Angeles. The role of seismographs and other tools used to study the Earth's interior
Discuss the impact of oil spill on the desalination process : Discuss the impact of oil spill on the desalination process. Oil spill is the most concern to environmental protection authorities in the Middle East
How much is the safe payment : Liquidation expenses are estimated at $80,000. How much is the safe payment that can be made to the partners: (hint: must do a proposed schedule of liquidation)
What is balance in B capital account after admittance of D : D will pay a total of $200,000 to the three partners in a privately negotiated transaction to acquire a 25% ownership interest. What is balance in B
Determination of molarity of ethylene diamine solution : Determination of Molarity of ethylene diamine solution 50.00 mL of ethylene diamine solution (density 0.900 g/mL) is diluted to 0.2000 L.
What is the journal entry required to record the withdrawal : Assume that the fair value of the whole business is $200,000 greater than the book value. What is the journal entry required to record the withdrawal
What is the boiling point of a solution : What is the boiling point of a solution formed by dissolving 0.75 mol of KCl in 1.00 kg of water?
Why would recommend implementing group policy controls : As a security administrator in your organization, why would recommend implementing Group policy controls to the management of organization?

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