What is cotton's capital balance after this new investment?

Q: The partnership of Hendrick, Mitchum, and Redding has the following account balances: This…

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Q: Antonio and Barbara are partners who share income in the ratio of 1:2 and have capital balances of…

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

Q: In the AD partnership, Allen's capital is P140,000 and Daniel's is P40,000 and they share income in…

A: Total capital of the partnership on the basis of capital and interest of new partner David = Amount…

Q: Aris, Blair, and Cassie are partners who split profits in a 3:3:4 ratio. They have recently been…

A: Solution: Total partnership capital before admission of Shane = P60,000 + P80,000 + P120,000 =…

Q: In the MJ Partnership, May's capital is P140,000 and Jun's capital is P40,000. They share income in…

A: Old partners distribute revaluation of loss in the old ratio. So inventory obsoletion loss is beard…

Q: Romanoff and Barton are partners with capital balances of P60,000 and P70,000. Romanoff has a 30%…

A: SOLUTION- FORMULA- INTEREST ON CAPITAL =TOTAL CAPITAL * INTEREST RATE.

Q: F and J are partners with capital balances of P30,000 and P70,000, respectively. F has a 30%…

A: F and J are partners and they have decided to admit R and L under the following terms, New…

Q: Nina, Ricci and Ralph are partners with capital balances of P 90,000, P 50,000 and P 60,000…

A: If capital share of new partner is less than the cash investment by new partner, than excess amount…

Q: n the E&M Partnership, Edward invests USD120,000 in cash, and inventory with a cost of USD120,000…

A: >Partnership is the business entity where there are two or more than two owners, known as…

Q: In the AD partnership, Allen's capital is $140,000 and Daniel's is $40,000 and they share income in…

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

Q: Don and Dan are partners for DonDan Industries with capital balances of P 300,000 and P 200,000,…

A: Partnership refers to the formal agreement between two or more person who are agreed to carry out…

Q: Jane, Honey, and Nica are partners with present capital balances of $40,000, $50,000 and $20,000…

A: Bonus Method - This method used for the purpose of to grant a new partner's additional capital in…

Q: Nina, Ricci and Ralph are partners with capital balances of P 90,000, P 50,000 and P 60,000…

A: Aggregate capital balance of Nina, Ricci and Ralph = P 90,000 + P 50,000 + P 60,000 Aggregate…

Q: Romanoff and Barton are partners with capital balances of P60,000 and P70,000. Romanoff has a 30%…

A: Formula: Interest on capital = Total capital x Interest rate.

Q: Rome and Bert are partners with capital balances of P60,000 and P70,000. Rome has a 30% interest in…

A: Star & Robert are new partners                         Star contributed…

Q: The Distance Plus partnership has the following capital balances at the beginning of the current…

A: Under the bonus method, the total capital investment is calculated by adding the investment of a new…

Q: May and Jun are partners with profit and loss ratio of 75:25 and capital balances of P480,000 and…

A: Admission of New Partner: One of the primary motivations for a company's search for new business…

Q: In the AD partnership, Allen's capital is P140,000 and Daniel's is P40,000 and they share income in…

A: Allen's capital= P140,000 Daniel's capital= P40,000 Income sharing ratio= 3:1 David share in…

Q: Lear is to become a partner in the WS partnership by paying $80,000 in cash to the business. At…

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Q: Hewitt and Patel are partners, sharing gains and losses equally. They decide to terminate their…

A: Introduction: Partnership: Its an agreement between two or more partners for forming a business and…

Q: The Distance Plus partnership has the following capital balances at the beginning of the current…

A: 1. Total Capital After Investment =Tiger +Phil +Ernie +Sergio  = $100000+70000+85000+100000 =…

Q: Lear is to become a partner in the WS partnership by paying $80,000 in cash to the business. At…

A: Admission of a partner usually happens when a new partner brings in capital and infused it in the…

Q: ributes cash of P165,000 for a 30% interest in the profits and losses and a 20% interest in the…

A: Value of equipment contributed by Rogers The bonus (which equals the assets they introduce minus the…

Q: Donna, Rick, and Daisy are partners sharing profits in a 3:3:4 ratio, respectively. They have been…

A: There are three golden rules in accounting for recording the transaction : Debit what comes in ,…

Q: Lear is to become a partner in the WS partnership by paying $80,000 in cash to the business. At…

A: Goodwill Method: In this method, goodwill is calculated of the partnership firm and apportioned to…

Q: BRAIN and FREEZE have capital balances of P750,00 and P500,000 and share in partnership profits and…

A: Since Hurt  was Admitted with 20 % share in partnership Then the remaining partners share will be…

Q: n the AD partnership, Allen's capital is $140,000 and Daniel's is $40,000 and they share income in a…

A: Goodwill in Partnership :           The goodwill of any business is an inherent asset and it can…

Q: Choose the correct. Bishopapital balance of $120,000 in a local partnership, and Cotton has a…

A: Total capital after Lovett invests = $120,000 + $90,000 + $60,000 = $270,000 Actual value of…

Q: Allan, Bobby and Carlo are partners with capital accounts of P350,000, P700,000 and P450,000,…

A: Partnership is one of the agreement or contract between two or more than two persons, under which…

Q: Steve contributed land, inventory, and 140,000 cash to a partnership. The land has a book value of…

A: Partnership is an association or agreement between two or more than two persons, who invest their…

Q: Vloy and Jeny are partners in the retail business and share the profits of 60% for Vloy and 40% for…

A: Admission of Partnership In the exiting partnership due to raise the additional financial source to…

Q: Rafiel, Reyson, and Leanne are partners sharing profits and losses equally. The partnership is being…

A: The insolvency of one partner would be borne by remaining partners in profit loss sharing ratio.

Q: ital is P140,000 and Daniel's is P40,000 and they share income in a 3:1 ratio, respectively. They…

A: Capital contribution by David = $40,000 Interest of David in partnership = 20% Total capital of the…

Q: eon, Kim, and Min are partners with present capital balances of P500,000, P600,000, and P200,000,…

A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: Honey and Hanna are partners with a profit and loss ratio of 60% and 40%, respectively. Their…

A: Solution: When new partner admitted in partnership by acquiring share in partnership directly from…

Q: Mohammad. Ahmed, and Mahmmod formed a partnership with income-sharing ratios of 50%, 30%, and 20%,…

A: Introduction:- Mohammad, Ahmed, and Mahmmod formed a partnership with 50%, 30%, and 20%…

Q: The partnership of Anderson, Berry, Hammond, and Winwood is being liquidated. It currently holds…

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

Q: Bishop has a capital balance of $120,000 in a local partnership, and Cotton has a $90,000 balance.…

A: Answer: Option 2

Q: Delisa invests office equipment with a fair market value of $70,000, delivery equipment with a fair…

A: A partnership is a legally binding agreement between two or more people to run and operate a firm…

Q: Xion and Boy are allies with $50,000,000 and $60,000,000 in capital balances, respectively. They…

A: Andra will receive 1/3 profit share by investing $65,000,000. Therefore the fair value of the…

Q: RAIN and FREEZE have capital balances of P750,00 and P500,000 and share in partnership profits and…

A: Partnership: It is the agreement between the partners to carried out the business to share profits…

Q: Dexter, Edwards, and French are partners with the following capital balance and profit and loss…

A: Step 1 Partnership is the mutual mode business undertaken by two or more individuals collectively.

Q: Queso and Royal formed a partnership and named it Queso Royal. Queso, formerly a sole proprietor has…

A: ASSETS = 300000 LIABILITIES = 70000 PARTNERSHIP DECIDED TO RECOGNISE ASSETS AT 110% AND ADDITIONAL…

Q: Tic and Tac are partners with capital balances of P150,000 and P100,000, respectively. They share…

A: Afte admission of partner new partnet will gain and old partnet will sacrifice and hence incoming…

Q: Zoey contributed land with a tax basis of $45,000 and a fair market value of $100,000 in exchange…

A:

Q: Dolfo and Poldo formed a partnership. Dolfo contributed cash of P600,000, desktop computer of…

A: Wokring note :-                        As per standard practices we will…

Q: A local partnership has assets of cash of P5,000 and a building worth P80,000.  All liabilities have…

A: Solution: Loss on liquidation = Book value of building - Sale value = $80,000 - $50,000 = $30,000…

Q: Zach and Christine are partners with USD60,000 and USD20,000 capital balances, respectively. Gains…

A: When two or more two persons come together and agree to work for a common goal, then it is referred…

Q: Hewitt and Patel are partners, sharing gains and losses equally. They decide to terminate their…

A: Partnership:- It is a form of an entity where two or more people join to form a business and…

Q: May and Jun are partners with profit and loss ratio of 55:45 and capital balances of ₱530,000 and…

A: