The END. partnership has the folowing capital balances as of the end of the curent year:...
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The END. partnership has the folowing capital balances as of the end of the curent year: 190.000 170.000 Pineda Adams Ferge Gomez 160.000 150.000 Total capital 670,000 a Assume that the partners share profits and losser 33:22, respectively Ferge retres and is paid $203.000 based on the terms of the original partnership agreement. If the goodwil method is used, what the capital bulance of the remuning three partners? Capital Balance Pineds Adama Gomez 193,000 b. Assume that the partners share profits and losses 4:3:2:1, respectively. Pineda retres and is paid $290,000 based on the terms of the original partnershp agreement if the bonus method is used what is the capital balance of the remaining three partners? (De not round your intermediuie calculations. Round your final answers to the nearest dalter amounts.) Capital Balance Adama Fergie Gomez The END. partnership has the folowing capital balances as of the end of the curent year: 190.000 170.000 Pineda Adams Ferge Gomez 160.000 150.000 Total capital 670,000 a Assume that the partners share profits and losser 33:22, respectively Ferge retres and is paid $203.000 based on the terms of the original partnership agreement. If the goodwil method is used, what the capital bulance of the remuning three partners? Capital Balance Pineds Adama Gomez 193,000 b. Assume that the partners share profits and losses 4:3:2:1, respectively. Pineda retres and is paid $290,000 based on the terms of the original partnershp agreement if the bonus method is used what is the capital balance of the remaining three partners? (De not round your intermediuie calculations. Round your final answers to the nearest dalter amounts.) Capital Balance Adama Fergie Gomez
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Answer Step1 Capitals Profit sharing ratio pineda 190000 3 Adams 170000 3 ferigie 160000 2 gormez 15... View the full answer
Related Book For
Advanced Accounting
ISBN: 978-1934319307
2nd edition
Authors: Susan S. Hamlen, Ronald J. Huefner, James A. Largay III
Posted Date:
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