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What is the amount to be credited to N Capital

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Question - D, I, and B are partners in cavite realty company. Their capital balances as at august 31, 20x4 are as follows: D 225,000; I 75,000; B 150,000

The partners agreed to admit N to the partnership. answer what is asked for the following independent cases:

1. What is the amount to be credited to N, capital after paying 20% of d's interest for 50,000?

2. What is the amount to be credited to N, capital after investing 100,000 cash and receiving an interest equal to his investment?

3. What is the amount to be credited to N, capital after investing 150,000 for a 20% interest and the bonus method is used?

4. What is the amount to be credited to N, capital after investing 150,000 cash for 40% interest and the good will method is used?

5. Assume d withdrew from the partnership by selling his interest directly to N for 300,000. what is the amount to be credited to N, Capital?

Reference no: EM132631253

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