Accounts of the new partnership, Accounting Basics

+44 141 628 6080
[email protected]

Accounts of the new partnership

The Calvin-dogwood partnership owns inventory that was purchased for 65,000, has a current replacement cost of 64500 and is priced to sell for 95,000. At what amount should the inventory be recorded in the accounts of the new partnership if Alexis to be be admitted?

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Accounts of the new partnership

Reference No:- TGS042998

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Accounting Basics

Q : Account for the lump-sum purchases

What is a lump-sum purchase? How do we account for the lump-sum purchases of a group of long-term assets?

Q : Effect of increasing the dividend

If the required rate of return on shares of comparable beta risk is 15% what would be the effect of increasing the dividend to $1.50, under the whittenburg rule?

Q : Value to the asset and deferred tax liability

The tax basis in the asset was $0. What method should Dempsey use to assign the value to the asset and the deferred tax liability?

Q : Bond required rate return

If the market's required rate of return is 14% and the risk-free rate is 6%, what is the bond's required rate return?

Q : Accounts of the new partnership

Q : Brief report interpreting the results

On the basis of the confidence interval, is it reasonable to conclude that more than half of the customers use a debit card? Write a brief report interpreting the results.

Q : Problem on suta tax rate for the company

Sy company's payroll for the year i..s@1210930. Of this amount, $510,710 is for wages paid in excess of $7,000 to each individual employees. The SUTA tax rate for the company is3.2% on the first $7,000 of each employee's earning.

Q : Determining plant net investment

Calculate the plant's net investment (NINV). What is the installed cost of the plant for tax purposes?

Q : Calculate the effective interest rate

Calculate the discount rate used by the lender. (Round your answer to 1 decimal place.) Calculate the effective interest rate (APR) on the loan. (Round your answer to 1 decimal place.)

1925703

Questions
Asked

3,689

Active Tutors

1413561

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Accounts of the new partnership

Reference No:- TGS042998

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Account for the lump-sum purchases

Q : Effect of increasing the dividend

Q : Value to the asset and deferred tax liability

Q : Bond required rate return

Q : Accounts of the new partnership

Q : Brief report interpreting the results

Q : Problem on suta tax rate for the company

Q : Determining plant net investment

Q : Calculate the effective interest rate

Introduce the instrument you are focusing on

Competence and confidence when imagining or engaging

How intervention coordinator collaborate to perform

Areas mentioned specifically as wanting to join the eeu

Defining characteristic of permissive-indulgent parents

Which source type would be an example of a secondary source

Reviewing your cliftonstrengths themes

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Accounts of the new partnership

Reference No:- TGS042998

Recent Questions Asked Accounting Basics

Q : Account for the lump-sum purchases

Q : Effect of increasing the dividend

Q : Value to the asset and deferred tax liability

Q : Bond required rate return

Q : Accounts of the new partnership

Q : Brief report interpreting the results

Q : Problem on suta tax rate for the company

Q : Determining plant net investment

Q : Calculate the effective interest rate

Asked Questions