Microsoft Word - i .n] COR FINAL ASSIGNMENT 12,8,2020 AIO PDF ekment ce CeDdEe DdEe cDdEe DdEe CeDdEe 2 ugec 1 ui CeDdEe 11 Times Ne AX bloil Q2: ...(15Points) The balance sheet for A, B and C partnership was as follow: Dr. Cr. Cash 40000 Other assets 60000 AP 30000 A, capital (50%) 40000 B, capital (50%) 30000 Total assets At that date D is admitted as a new partner for 40% interests, he invests cash 95000 Required: Under bonus approach answer the following: 1. Compute total partnership capital? (1,5 points) 2. Compute capital balance to C ? (1,5 points) 3. Compute final capital balance to A ? (1,5 points) 4. What is the amount of total assets after admission? (1,5 points) 5. Make journal entry to record the admission of C? (1,5 points) Activate PDF element e DdEe cDdEe DdEe CcDdEe CcDdEe 2 - 11 - Times 2 our 1 Aa Under bonus goodwill answer the following: 1. Compute total partnership capital? (1,5 points) 2. Compute capital balance to C? (1,5 points) 3. Compute final capital balance to A? (1,5 points) 4. What is the amount of goodwill assuming the fair value of other assets 65000? (1,5 points) 5. What is the amount of total assets after admission? (1,5points) Activa Go to