A, B and C are the partners in a business firm sharing their profits in the ratio of 4 3 2 A new partner D enters the firm The new profit sharing of A, B, C and D is 5 4 2 1 D contributes a goodwill of Rs 36, 000 This goodwill is to be allocated among A, B and C Which one of the following will be ...

Correct option is C At the time of admission of a new partner ...

A, B and C are the partners in a business firm sharing their profits in the...

Fantastic news! We've Found the answer you've been seeking!

Question:

Related Book For answer-question

Statistical Techniques in Business and Economics

ISBN: 978-0078020520

16th edition

Authors: Douglas Lind, William Marchal

See More Books

Posted Date: Jan 14, 2021 01:18 PM

See More Questions

The following is the percent change in net income from last year to this year for a sample of 12 construction companies in Denver. (a) Mean, (b) Median, and (c)Mode. 5 1 -10-6 5 12 7 8 6 5 11
Countries within the Caribbean continue to grapple with debt issues. Many have resorted to seeking assistance from the International Monetary Fund (IMF). a) Identify a country within the Caribbean...
Say there is an economy without investment. Using the classical model, what is the effect of a temporary increase in productivity on Output, Consumption, and Price level? What is the effect of a...
A UK company has a trading loss of 50,000 for the year to 31 March 2021. During the year, the company receives overseas property income (net of 40% withholding tax) of 12,000. Show the corporation...
Rawlsians support government income redistribution to the worst-off members of society. If society means the whole world, how much redistribution might be involved? In other words, what fraction of...
Almega Corporation, organized under the laws of State S, has outstanding twenty thousand shares of $100 par value nonvoting preferred stock calling for noncumulative dividends of $5 per year; ten...
Describe the key political and economic patterns between the end of World War II and the fall of the Soviet Union in 1991.
Brighton Services repairs locomotive engines. It employs 100 full-time workers at $20 per hour. Despite operating at capacity, last year's performance was a great disappointment to the managers. In...
Schedule of Cash Collections of Accounts Receivable OfficeMart Inc. has "cash and carry" customers and credit customers. OfficeMart estimates that 25% of monthly sales are to cash customers, while...
At the beginning of the current period, Coe Ltd. had balances in Accounts Receivable of 200,000 and in Allowance for Doubtful Accounts of 9,000 (credit). During the period, it had net credit sales of...
6) Most financial crises in the United States have begun with A) a steep stock market decline. B) an increase in uncertainty resulting from the failure of a major firm C) a steep decline in interest...
Partners Mark and Dickens have capital balances in a partnership of $158000 and $233000, respectively. They agree to share profits and losses as follows: Mark Dickens As salaries $40700 $49000 As...
Whitman Company has just completed its first year of operations. The company's absorption costing income statement for the year follows: Whitman Company Income Statement Sales (39,000 units x $44.10...
Presented below are selected account balances for Novak Co. as of December 31, 2025. Acco Inventory 12/31/25 $60,870 Cost of Goods Sold $227,386 Que Acco Common Stock 73,930 Selling Expenses 16,313...
Vinitpaul has the following information: AGI for 2023 Withholding for 2023 Total tax for 2022 Total tax for 2023 Required: $ 155,000 $ 26,100 $ 30,400 $ 30,197 a. How much must Vinitpaul pay in...
MacroApps Corporation's disclosure notes for the year ending June 30, 2020, included the following regarding its $0.00000625 par common stock: Employee Stock Purchase Plan-We have an ESPP for all...
What's this recapture thing all about, anyway? We tell people that if they sell an asset (either a capital asset or a Sec. 1231 business asset) at a gain, if held more than one year, we will give...
What are the risks and liability factors in an audit? What are the implications to the auditor? What are the implications to the organization? How can the auditor mitigate these risks and liability...
Refer to the Baseball 2012 data, which report information on the 30 Major League Baseball teams for the 2012 season. Refer to the variable team salary. a. Prepare a report on the team salaries. Be...
Sales of roof material, by quarter, for 2007 through 2013, by Carolina Home Construction Inc. are shown below (in $000). a. Determine the typical seasonal patterns for sales using the...
Refer to the Real Estate data, which report information on homes sold in the Goodyear, Arizona, area during the last year. a. Develop a 95% confidence interval for the mean selling price of the...
Find the fundamental natural frequency of vibration of a uniform beam of length $l$ that is fixed at one end and simply supported at the other end. Assume the deflection shape of the beam to be...
Determine the fundamental frequency of a uniform fixed-fixed beam carrying a mass $M$ at the middle by applying Rayleigh's method. Use the static deflection curve for $W(x)$.
Applying Rayleigh's method, determine the fundamental frequency of a cantilever beam (fixed at $x=l$ ) whose cross-sectional area $A(x)$ and moment of inertia $I(x)$ vary as \(A(x)=A_{0} x /...

A, B and C are the partners in a business firm sharing their profits in the...

Question:

Expert Answer:

Correct option is C At the time of admission of a new partner ... View the full answer

Statistical Techniques in Business and Economics

Students also viewed these accounting questions