Questions 7 through 9 are based on the following: A, B and C have capital balances of P112,000, P130,000 and v58,000, respectively, and share profit in the ratio 3:2:1. D invest cash in the partnership for a one-fourth interest. 7. Assume D receives a one-fourth interest in the assets of the partnership, which includes credit for P25,000 of goodwill that is recognized upon admission. How much cash D invest? a. P100,000 b. $75,000 c. P125,000 d. P50,000 8. Assume D receives a one-fourth interest in the assets of the partnership and D is credited with P20,000 of the bonus from the old partners that is recognized upon D's admission. How much cash D invest? a. P73,333 b. P100,000 c. P93,333 d. P80,000 9. Assume D receives a one-fourth interest in the assets of the partnership and B is credited with $15,000 of the bonus from D, how much cash D invest? d. c. b. a. P115,000 b. P105,000 c. P160,000 d. P120,000

Questions 7 through 9 are based on the following: A, B and C have capital balances of P112,000, P130,000 and v58,000, respectively, and share profit in the ratio 3:2:1. D invest cash in the partnership for a one-fourth interest. 7. Assume D receives a one-fourth interest in the assets of the partnership, which includes credit for P25,000 of goodwill that is recognized upon admission. How much cash D invest? a. P100,000 b. $75,000 c. P125,000 d. P50,000 8. Assume D receives a one-fourth interest in the assets of the partnership and D is credited with P20,000 of the bonus from the old partners that is recognized upon D's admission. How much cash D invest? a. P73,333 b. P100,000 c. P93,333 d. P80,000 9. Assume D receives a one-fourth interest in the assets of the partnership and B is credited with $15,000 of the bonus from D, how much cash D invest? d. c. b. a. P115,000 b. P105,000 c. P160,000 d. P120,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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How would I calculate this problem? I just guessed on which answer made sense to me. Please help. thank you in advance.
%24 %23 AutoSave H UnitllILabAssignment Question8 Protected View O Search (Alt+Q) Off Home Insert Draw Page Layout Formulas Data Review View Help PROTECTED VIEW Be careful-files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. Enable Editing :X v fx Function: SUM; Formula: Multiply, Subtract; Cell Referencing D E B. C. F. H. Function: SUM; Formula: Multiply, Subtract; Cell Referencing B Using Excel to Determine Dividends Paid to Common 4 and Preferred Stockholders Student Work Area Required: Provide input into cells shaded in yellow in this template. Use mathematical formulas with cell references to the Problem or work 5 PROBLEM 6 M. Bot Corporation has common stock and cumulative 7 preferred stock outstanding at December 31, 2022. No 8 dividends were declared in 2020 or 2021. area as indicated. What amount of dividends will common stockholders receive? Total dividend payment in 2022 $ 375,000 11 Preferred stock par value Annual…
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LutoSave 日 Off UnitlILabAssignment_Question1 O Search (Alt-Q) Protected View Home Insert Draw Page Layout Formulas Data Review View Help PROTECTED VIEW Be careful-files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. Enable Editing fx Formula: Multiply, Subtract; Cell Referencing A D E F G H. K Formula: Multiply, Subtract; Cell Referencing Using Excel to Record Stock Entries Student Work Area PROBLEM Required: Provide input into cells shaded in yellow in this template. Select account names from the drop-down lists. Use cell references to the data area. Use mathematical formulas to calculate any amounts not given. On May 10, Jack Corporation issues common stock for cash. Shares of stock issued Par value per share 2,000 24 %24 10.00 Amount at which stock issued 18.00 Journalize the issuance of the stock. 10 11 Date Debit Credit 12 May 10 13 14 15 16 17 18 19 20 21 22 23 25 26 27 28 29 30 31 32 33 Enter Answer Ready 24
e File Edit View History Bookmarks Profiles Tab Window Help C Netflix MInbox (228 X MACC101 Pr X Accounting X Accounting X M Question 1 X M Question 1 xb Answered: ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fbb.mwcc.edu%252... Chapter 9 Homework 13 30.12 points Saved Note: Use 360 days a year. Year 1 December 16 Accepted a(n) $12,800, 60-day, 8% note in granting Danny Todd a time extension on his past-due account receivable. December 31 Made an adjusting entry to record the accrued interest on the Todd note. Year 2 eBook Ask Print References February 14 Received Todd's payment of principal and interest on the note dated December 16. March 2 Accepted a(n) $6,400, 8%, 90-day note in granting a time extension on the past-due account receivable from Midnight Company. March 17 Accepted a $3,900, 30-day, 7% note in granting Ava Privet a time extension on her past-due account receivable. April 16 Privet dishonored her note. May 31 Midnight…
Assignment 1 - Word 困 File Home Insert Design Layout References Mailings Review View O Tell me what you want to do... Byro Chandrshekar & Share X Cut O Find - A A Aa - 外 T AaBbCcDd AaBbCcDd AaE AaBbCcl AaBbCcD AaB Leelawadee l- 12 AaBbCcD AaBbCcDd AaBbCcDd AaBbCcDd AaBbCcDc e Copy Sac Replace Paste B V Format Painter I U - abc x, x A - aly - A 1 Normal 1 No Spac. Heading 1 Heading 2 Heading 3 Subtitle Subtle Em.. Emphasis Strong Title Intense E... A Select - Clipboard Font Paragraph Styles Editing The following information was extracted from the Books of Anderson for the year ended 30 Contra entries 6840 June 2021. Sales Ledger Balances at 01 July 2020 Sales Ledger Balances at 30 June 2021 30% of the sales were credit sales and 40% of the purchases were cash purchases. John Moore Bs 2 300 Debit Mini Cooper Bs 3000 Credit Required: Max Weldom Bs 1 200 Debit John Moore Bs 1500 Credit a) Prepare a Sales Ledger Control Account for the year ended 30 June 2021. Elena Bridge Bs 900 Debit b)…
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* CengageNOWv2 | Online teachin X b Home | bartleby x + A v2.cengagenow.com/iln/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false * D 9 : M Gmail O YouTube Maps Blackboard HW #9 - Chpt 21 O eBook Show Me How E Print Item 1. TMM.21.01 Contribution Margin and Contribution Margin Ratio For a recent year, Wicker Company-owned restaurants had the following sales and expenses (in millions): 2. TMM.21.02 Sales $14,100 3. TMM.21.03 Food and packaging $5,994 Рayroll 3,600 4. TMM.21.04 Occupancy (rent, depreciation, etc.) 1,986 5. EX.21,01 General, selling, and administrative expenses 2,100 $13,680 6. EX.21.02 Income from operations $420 7. EX.21.03 Assume that the variable costs consist of food and packaging; payroll; and 40% of the general, selling, and administrative expenses. 8. EX.21.06.ALGO a. What is Wicker Company's contribution margin? Round to the nearest million. (Give answer in millions of dollars.) million 9. EX.21.09.ALGO b. What is Wicker…
Question 1- ExtraHWCH15 - X i ezto.mheducation.com/ext/map/index.html? .con=con&external browser-0&launchurl-https%253A%252F%252Fnewconn. E o 5.* ExtraHWCH15 Saved Help Save & Exit Submit Check my work 1 Required information Part 1 of 2 [The following information applies to the questions displayed below) Oxford Company has two divisions. Thames Division, which has an investment base of $80.000,000. produces and sells 900.000 units of a product at a market price of $140 per unit. Its variable costs total $40 per unit. The division also charges each unit $70 of fixed costs based on a capacity of 1.000,000 units. 012 points Lakes Division wants to purchase 200.000 units from Thames. However, It is willing to pay only s80 per unit because it has an opportunity to accept a special order at a reduced price. The order is economically justifiable only If Lakes can acquire Thames output at a reduced price. Print References Required: a. What is the ROI for Thames without the transfer to Lakes?…