A and B are partners with capitals of Rs. 10,000 and Rs. 20, 000 respectively and...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
A and B are partners with capitals of Rs. 10,000 and Rs. 20, 000 respectively and sharing profits equally. They admitted C as their third partner with one-fourth profits of the firm on the payment of Rs. 12,000. The amount of hidden goodwill is A B C D Rs.6, 000 Rs.10,000 Rs.8,000 None of these A and B are partners with capitals of Rs. 10,000 and Rs. 20, 000 respectively and sharing profits equally. They admitted C as their third partner with one-fourth profits of the firm on the payment of Rs. 12,000. The amount of hidden goodwill is A B C D Rs.6, 000 Rs.10,000 Rs.8,000 None of these
Expert Answer:
Answer rating: 100% (QA)
When the value of the goodwill of the firm is not specifically given the value ... View the full answer
Related Book For
Principles Of Managerial Finance
ISBN: 978-0136119463
13th Edition
Authors: Lawrence J. Gitman, Chad J. Zutter
Posted Date:
Students also viewed these accounting questions
-
The marketing department of Metroline Manufacturing estimates that its sales in 2013 will be $1.5 million. Interest expense is expected to remain unchanged at $35,000, and the firm plans to pay...
-
The ABC Corporation has a profit margin on sales below the industry average, yet its ROA is above the industry average. What does this imply about its asset turnover?
-
The marketing department of Graber Corporation has submitted the following sales forecast for the upcoming fiscal year. The selling price of the companys product is $22.00 per unit. Management...
-
b) A firm produces two types of sugar, A and B at a constant average cost of RM 2 and RM3 per kilogram, respectively. The quantities, q and qg (in kilogram) of A and B that can be sold each week are...
-
M = 3, (0, 2)
-
The path of a particle P is a limaon. The motion of the particle is defined by the relations ons r=b(2+cos?t) and ? = ? t, where t and ? are expressed in seconds and radians, respectively....
-
Define and describe density altitude. What effect does density altitude have on aircraft performance?
-
During company estimates that total factory overhead costs will be $750,000 for the year. Direct labor hours are estimated to be 300,000. For Darling company, (a) Determine the predetermined factory...
-
You have a staff of three (3) uniformed personnel in your office that can conduct inspections and fire prevention activities. Additionally you have eleven (11) uniformed staff on duty that can...
-
You are to examine two flow geometries as depicted in the figure. The flow rate in the main pipe is to be maintained constant and equal to Q in both scenarios. To make the comparison simple, it will...
-
A small capsule having a volume of 5 cm' contains liquid water at 7.5 MPa and 60"c. The capsule is located inside an evacuated container having a volume of 0.025 m'. Subsequently, the capsule is...
-
In Marigold Company, the Cutting Department had beginning work in process Inventory of 4000 units, completed and transferred out 26000 units, and fiad an ending work in process inventory of 3500...
-
Head First Company plans to sell 5, 100 bicycle helmets at $78 each in the coming year Product costs include Direct materials per helmet $32 Direct labor per helmet 5.50 Variable factory overhead per...
-
Give a weighted answer which considers your readings and the lessons. How would you respond to the following debate-type questions? Think about the validity of the different opinions involved in each...
-
Trajectory generation is an essential knowledge in robotics because it allows the time history of position, velocity and acceleration to be specified for each of the joints for robot motion. In...
-
What are the FASB codifications regarding auction rate securities, collateralized debt obligations, fixed-for-float OTC gas swap, and auction rate securities?
-
K Simplify the expression. (6x3y) (7xy-3) (6x3y2) (7xy-3)=(Simplify your answer. Use positive exponents only.)
-
Data 9.2 on page 540 introduces the dataset Cereal, which includes information on the number of grams of fiber in a serving for 30 different breakfast cereals. The cereals come from three different...
-
Assume that the Financial Management Corporations $1,000-par-value bond had a 5.700% coupon, matured on May 15, 2020, had a current price quote of 97.708, and had a yield to maturity (YTM) of 6.034%....
-
A retirement home at Deer Trail Estates now costs $185,000. Inflation is expected to cause this price to increase at 6% per year over the 20 years before C. L. Donovan retires. How large an equal,...
-
Calculate the risk premium for each of the following rating classes of long-term securities, assuming that the yield to maturity (YTM) for comparable Treasuries is 4.51%. Rating class Nominal...
-
Speeds of bullet trains. Determine whether the data are qualitative or quantitative. Explain your reasoning.
-
Widths of veins in different species of leaves. Determine whether the data are qualitative or quantitative. Explain your reasoning.
-
American Standard Code for Information Interchange (ASCII) codes. Determine whether the data are qualitative or quantitative. Explain your reasoning.
Study smarter with the SolutionInn App