2010: Russia and Ukraine became partners. 2016: Capital, ending was 200,000 and 300,000 respectively. 2017: On April 1, Russia contributed additional cash of P40,000 . On August 1, Ukraine contributed machinery with a fair market value of P90,000 and a net book value of P60,00 when contributed . On June 1 , Russia and Ukraine each withdrew 30,000. On 2017: 1. What is the ending capital of Russia? 2. What is the ending capital of Ukraine? 3. What is the average capital of Russia? 4. What is the average capital of Ukraine ?
2010: Russia and Ukraine became partners. 2016: Capital, ending was 200,000 and 300,000 respectively. 2017: On April 1, Russia contributed additional cash of P40,000 . On August 1, Ukraine contributed machinery with a fair market value of P90,000 and a net book value of P60,00 when contributed . On June 1 , Russia and Ukraine each withdrew 30,000. On 2017: 1. What is the ending capital of Russia? 2. What is the ending capital of Ukraine? 3. What is the average capital of Russia? 4. What is the average capital of Ukraine ?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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2010: Russia and Ukraine became partners.
2016: Capital, ending was 200,000 and 300,000 respectively.
2017: On April 1, Russia contributed additional cash of P40,000 . On August 1, Ukraine contributed machinery with a fair market value of P90,000 and a net book value of P60,00 when contributed . On June 1 , Russia and Ukraine each withdrew 30,000.
On 2017:
1. What is the ending capital of Russia?
2. What is the ending capital of Ukraine?
3. What is the average capital of Russia?
4. What is the average capital of Ukraine ?
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