he profit or loss on realization is transferred to partners' capital accounts in their: Sacrificing ratio Retained earnings ratio Gaining ratio Profit sharing ratio

Q: Questions: What are the rules in distributing profits and losses? Is it valid to exclude a partner…

A: Rules for distribution of profit and loss:: The partners shall be jointly and severally responsible…

Q: When a share-based payment transaction is with an employee and others providing similar services,…

A: Share-based payment means where an entity enters into an transactions with the employees and others…

Q: Is there any situation wherein profit and loss ratio may be used as the basis of cash payments to…

A: Profit or loss of the company is measured by preparing income statement which shows the difference…

Q: In accounting for investment in associates, where an investor is not a parent, the investor will…

A: Accounting refers to a process through which all day-to-day activities or transactions occurred or…

Q: In answering Partnership Operation problems, explain the detailed process of the following bases for…

A: Partnership: It is a form of business under it two or more persons made a formal agreement with the…

Q: Describe the Advantages and Disadvantages of Organizing as a Partnership from an accounting view

A:

Q: The consideration which a new partner pays to the old partners for the right to participate in the…

A: WHEN NEW PARTNER IS ADMITTED INTO PARTNERSHIP . THE NEW PARTNER BRING SOME CONSIDERATION WHICH IS…

Q: Why are liquidation gains and losses usually recorded as direct adjustments to the partners’ capital…

A: Partnership: This is the form of business entity which is formed by an agreement, owned and managed…

Q: The ratio in which the continuing partners acquire the outgoing partner's share is called as:…

A: The Gaining ratio is computed at the time of retirement or death of a partner. It is the ratio in…

Q: The use of average capital in distributing profits and losses results in equitable distribution…

A: In the given case option D both statements are True is correct option.... The use of average capital…

Q: Partners' withdrawals of assets are: O Credited to their withdrawals account. O Debited to their…

A: When the net assets are withdrawn, it will account for debit to withdrawal accounts.

Q: How would the sole owner of a profitable firm rank the following methods of receiving ownership…

A: A sole proprietorship is a form of business organization under which there is only one owner and he…

Q: Which of the following would increase the value of an investment in associate?   a. Share in the…

A: Investment in associate : The term "associate investment" refers to an investment in an institution…

Q: How does a proportionate current distribution of cash from a partnership to a partner compare with…

A: SOLUTION- A cash dividend is the distribution of funds or money paid to stockholders generally as…

Q: The percentage of ownership of interest of the partners is always the same as their profit sharing…

A: SOLUTION PARTNERSHIP EQUITY IS THE PERCENTAGE INTEREST THAT A PARTNER HAD IN PARTNERSHIP ASSETS .…

Q: Which of the following is not a component of the formula used to distribute profit? * After all…

A: Hi student Since there are multiple questions, we will answer only first question.

Q: The journal entry to transfer the profit on revaluation, to Revaluation account: Dr Revaluation A/c…

A: Partnership means where two or more person comes together to do some common business activity and…

Q: How should losses in a partnership be divided between the capitalist partners? The ranking should…

A: Partnership is an agreement between persons, who invest their money, run business and then share…

Q: Identify which one of the following is falling under the meaning of goodwill? a. The present value…

A: Goodwill is defined as the present value of the firm's anticipated excess earnings .. It falls under…

Q: 1. What is an intercorporate share investments? a) Significance Influence b) Financial Assets vs…

A: Investments are the resources that the entity or individual has when capital is allocated for a…

Q: What are the different methods of dividing profits or losses to partners?

A: "Since you have asked multiple questions, we will solve first question for you. If you want any…

Q: Salary expense has been incurred but not yet paid to employees will be: a. Added to partners'…

A: Salary expense has been incurred but not yet paid to employees will be recorded as an expense since…

Q: What is the basis of capital sharing if the partners do not have an agreement as to the amount of…

A: partnership association where two or more individual carry the business as co-owner for profit. it…

Q: How will the joint venture report the profit sharing of co-venturers?

A: A joint venture can be defined as a joint arrangement where the parties having joint control of the…

Q: Which of the following can be used to offset a passive loss? a.Dividend income from stock held as an…

A: Solution- Passive losses are offset by only passive incomes not income from stock,bonds,dividend.…

Q: If the share of losses on realization of the sale of noncash assets exceed the balance in a…

A: Partnership means where two or more person comes together to do some common business activity and…

Q: Compute for the profit attributable to equity holders of parent or controlling interest in net…

A: Solution: The profit attributable to the parent entity is determined based on the adjusted net…

Q: Perform an analysis of the impact of “incentive ownership” on the proportion of share ownership and…

A: Equity shares represent the capital of the company. The equity shareholders are considered the…

Q: When is the intra-entity’s profits recognized on transfers between the investor and investee?

A: The period in which intra-entity’s profits recognized on transfers between the investor and investee…

Q: A limited partner will: a. Manage the firm b. Discount the bills c. Invest capital only in the firm…

A: A limited partnership exists when two or more partners go into business together, but the limited…

Q: The two methods by which the capital accounts of partners can be maintained are: Fluctuating Capital…

A: The partners of a firm maintain accounts for the record of their capitals, salaries, interests and…

Q: Which of the following case where the losses are to be shared by the partners in their profit…

A: Ans. Loss on Dissolution of firm is shared on the basis of capital introduced by partners.…

Q: The use of average capital in distributing profits and losses results in equitable distribution…

A: The partnership comes into existence when two or more persons agree to do the business and further…

Q: Assume that all partnership interests expressed as percentages are those percentages of both…

A: a) Contributions are always recorded in FMV. Now, given that, C contributed= 100+20= 120 D…

Q: Generally speaking, what events or activities would normally result in a partner’s capital account…

A: Partners’ Capital has a credit balance in normal. So, any credit will increase the partners’ capital…

Q: Discuss the differences between investment in associate and interest in joint venture in accounting…

A: Malaysian Financial Reporting Standards (MFRS): It was established by the Malaysian Accounting…

Q: Accumulated Reserve on admission of a partner can be divided using? O a. New Profit Sharing Ratio b.…

A: In a partnership, two or more parties agree to operate and manage a business and share the profits…

Q: Explain how the rules concerning stock ownership apply to partners andprofessional staff.

A: Audit engagement is carried out by a Certified Public Accountant (CPA), this engagement allows an…

Q: represent the residual equity of the partnership business.

A: A partnership business is the form of business, where two or more parties enter into an agreement to…

Q: f it is required to maintain fixed capitals, then the partners' shares of profits must be Debited to…

A: Partners  Fixed Capital Account is where capital related transactions are recorded. Initial…

Q: Is dividend received always deducted when computing in Investment in Associate?

A: Equity Method of Accounting Investment in Associates Profit and loss from the Associated concern…

Q: If a firm is maintaining both capital accounts and current accounts of the partners A and B.…

A: Partners capital account is the account were partners capital contribution are recorded. Partners…

Q: What is meant by change in Profit sharing ratio among the existing partners?

A: A ratio on which partners mutually agree to share profit or loss of the business can be termed as…

Q: When a new partner is admitted to the firm, then the old partner's share in profit is:

A: Partnership according to section 3 (1) of the partnership act 1961 is known as the relation between…

Q: Which situation is the most challenging in capital allocation to partners?

A: Which situation is the most challenging in capital allocation to partners? Capital allocation is…

Q: Capital Contribution Ratio in Partnership Operations

A: Capital contribution ratio is simply the proportion in which the partners contribute capital in a…

Q: Distribution by ratio is common in partnership.  First, describe how ratios function and then (give…

A: Partnership is one of the form of business in which two or more partners are involved who made an…

Q: COMPUTE FOR THE PROFIT ATTRIBUTABLE TO EQUITY HOLDERS OF PARENT.

A: Consolidation is termed as merger of two or more entities where one company acquire more than 50% of…

Q: True or False Interests based on partners' capital are provided only during periods of positive…

A: Interest on partners' capital is a appropriation of profit not a charge to profit.

Real Estate

Real estate means ownership of land along with the assets and natural resources that exist on the land. These properties are in real/physical form which is tangible. Real estate simply means land or addition made to land permanently like constructing a residence or different buildings. People invest in real estate to either reside or for wealth creation. Many people investing in real estate further lend the place for occupation or businesses in return for a monthly payment.