How the partnership assuming the equipment, Accounting Basics

+44 141 628 6080
[email protected]

How the partnership assuming the equipment

Rosen and Noble decide to organize a partnership. Rosen invests $15,000 cash and Noble contributes $12,000 cash and equipment having a book value of $6,000. Choose the entry to record Noble's investment in the partnership assuming the equipment has a fair value of $9,000.

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: How the partnership assuming the equipment

Reference No:- TGS0699847

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Accounting Basics

Q : Find distance in meters between two men on opposite sides

Two men on opposite sides of a TV tower of height 26 m notice the angle of elevation of the top of this tower to be 45 deg and 60 deg respectively. Find the distance in meters between the two men.

Q : Value common stock outstanding

Assuming that total dividends declared in 2012 were $35,000 and that the preferred stock is not cumulative, common stockholders should recieve total 2012 dividends of?

Q : Different decision on which project to undertake

Project A and Project B are mutually exclusive. If Project A has a higher internal rate of return (IRR) than Project B, does that mean Project A must also have a higher net present value (NPV) than Project B? Explain.

Q : What amount should be recorded in vickys capital account

Danny and Vicky are forming a partnership. Danny will invest a truck with a book value of $20,000 and a fair value of $28,000. Vicky will invest a building with a book value of $60,000 and a fair value of $84,000 with a mortgage of $30,000.

Q : How the partnership assuming the equipment

Rosen and Noble decide to organize a partnership. Rosen invests $15,000 cash and Noble contributes $12,000 cash and equipment having a book value of $6,000.

Q : What is the lowest price the brandon division

James Corp. manufactures AD 234 in its Brandon Division. This output is sold to the Micha Division as raw material in Micha's product. Brandon also further processes the AD234 into AD235, and then sells it to other companies.

Q : Find least angle between ground and ladder

Safety rules indicate that a ladder placed against a building. Find the leaste angle, correct to 1 decimal place, between the ground and a ladder according to safety rules.

Q : What is the effect of the deal on pierce income

Pierce Division of Morehead Inc. currently purchases 50,000 units of a part for one of its products from an outside supplier for $4 per unit. Pierce's manager believes he could use a minor variation of Elliott's product instead.

Q : Find a journal article online

Find a journal article online about standard costing. In the subject line of your post, include the title of the article that you read. Post a link to that article with your initial post, and provide a summary and a reaction to

1953066

Questions
Asked

3,689

Active Tutors

1423879

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: How the partnership assuming the equipment

Reference No:- TGS0699847

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Find distance in meters between two men on opposite sides

Q : Value common stock outstanding

Q : Different decision on which project to undertake

Q : What amount should be recorded in vickys capital account

Q : How the partnership assuming the equipment

Q : What is the lowest price the brandon division

Q : Find least angle between ground and ladder

Q : What is the effect of the deal on pierce income

Q : Find a journal article online

Why does victor coin the term hyper-violence

How is it rational for the owner of a factory or plantation

Identify problems and concerns that contributed

How coastlines are vulnerable to multiple climate change

Cases of local communities using modern technology

Discussion about idea of the tramp stamp

Symbolic interactionism took off as a theoretical approach

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: How the partnership assuming the equipment

Reference No:- TGS0699847

Recent Questions Asked Accounting Basics

Q : Find distance in meters between two men on opposite sides

Q : Value common stock outstanding

Q : Different decision on which project to undertake

Q : What amount should be recorded in vickys capital account

Q : How the partnership assuming the equipment

Q : What is the lowest price the brandon division

Q : Find least angle between ground and ladder

Q : What is the effect of the deal on pierce income

Q : Find a journal article online

Asked Questions