Amal and Aman are partners of a firm sharing profit and loss in the ratio of 4:3. Their Balance Sheet Shows OMR 14,000 as Profit and Loss A/c in the Assets side. Pass the necessary journal entry in the books of accounts?
Q: В. identical in every respect except that company Y is levered, while X is unlevered. The…
A: By using arbitrage the investor can earn same amount of return by converting its investment from…
Q: 61. A and B are partners sharing profits in the ratio of 2:3. Their Balance St shows Machinery at…
A: A partnership is a contract between at least two people to run a business and share profits and…
Q: Partners ABC, DEF and GHI share profits and losses in the ratio of 2:3:5, respectively. At the end…
A: Partnership is formed by two or more persons who have decided to share profit and loss in their…
Q: Partners John and Paul divide profits and losses 6:4 with capital balances of P 540,000 and P670,000…
A: GIVEN CAPITAL John 540000 cr Paul 67000 cr Profit Sharing Ratio 6 : 4
Q: Partners ABC, DEF and GHI share profits and losses in the ratio of 2:3:5, respectively. At the end…
A: Partnership is the association of two or more persons who have agreed to share profit and loss in…
Q: X, Y and Z were partners sharing profits in the ratio of 3:2:1. Y retires, X and Z have agreed that…
A: New profit sharing ratio between X & Z = 3 : 1 X's share in capital of new firm = $2,00,000×34…
Q: Q7- In Shaksy Co., capital balances are Bilal $60,000 and Imran $75,000. The partners share income…
A: Given that: Share of new partner Ubaid = 40% Cash contributed = $65000
Q: following capital balano and interests: A (20%) P50,000; B (30%) P70,000; and C (50%) P130,000. D…
A:
Q: IV On December 31, 2020, the Statement of Financial Position of ABC Partnership with profit or loss…
A: Given:
Q: A and B are partners in the ratio of 2:3.Thier balance sheet shows machienery at 400000,stock at…
A: Partnership is an agreement between two or more than two persons in which they invest capital, run…
Q: 3. A and B are partners in a firm sharing profits and losses in the ratio of 4: 1. On 1* April 2010,…
A: The solution of problem is below
Q: Partners WAG, MAG, PANG, and GAP, shares profits at the ratio 5:3:1:1. OnJune 30, relevant partners’…
A: Partnership business can be defined as a form of business organization under which two or more…
Q: 1. Jeremy and Eli are partners who share profits and losses equally. The capital accounts of the…
A: Total partnership capital after admission of Thadez = (180,000 + 70,000) + 88,000 = 338,000 Required…
Q: حل السؤال B12_10 B12_9
A: Required Journalize the transactions.
Q: Dolce and Gabbana are partners with capital balances of P 160,000 and P 80,000. They share profits…
A: Aggregate capital balance of Dolce and Gabbana = P 160,000 + P 80,000 Aggregate capital balance of…
Q: 18. OOO and UUU are partners who share profits and losses equally. The capital accounts of the…
A: Partnership refers to a formal mutual arrangement happened between two or more parties who have…
Q: Distribution of Profits and Losses: 3. Bunag, Belen, and Bustos are partners in an accounting firm.…
A: Partnership means where two or more person comes together to do some common business activity and…
Q: Anika and Baby are partners sharing profits in the ratio of 2:3. Their balance sheet shows machinery…
A: A partnership is a contract between at least two people to run a business and share profits and…
Q: Partners John and Paul divide profits and losses 6:4 with capital balances of P 540,000 and P670,000…
A: Total adjustment to the capital of partnership required = write off of Accounts Receivable +…
Q: Partners John and Paul divide profits and losses 6:4 with capital balances of P 540,000 and P670,000…
A: In the partnership form of business, the existing partners of the firm shares the profit either in…
Q: A balance sheet for the partnership of Suzy, Millette and Myra, who share profits in the ratio of…
A: (1) Calculation of Remainder of Capital after 1st payment : (2) Profit and Loss sharing Ratio of…
Q: respectively. The balances of their capital accounts on December 31, 20x A.. . B.... C.... P1,000…
A: At the time of liquidation of partnership firm, deficiency of insolvent partner is borne by solvent…
Q: CCC 12,500 DDD 4,500 The partners decide to liquidate their firm and they accordingly…
A: The cash realized from the sale of non-cash assets is termed as Realisation. Realization can be…
Q: On December 31, the capital balances and income ratios in Ivanhoe Co. are as follow: Partner.…
A: PLEASE LIKE THE ANSWER Date Particulars L.F Amount ($) Amount ($) 1 Posada…
Q: hey have P11,100 to divide. How much was the distribution to partner CCC?
A: The cash realized from the sale of non-cash assets is termed as Realisation. Realization can be…
Q: A and B are partners sharing profits in the ratio of 2 : 3. Their Balance Sheet shows machinery at…
A: The partnership comes into existence when two or more persons agree to do the business and further…
Q: 21 The financial position of the partnership Marie, Shey, Allan and Roi, just prior to liquidation…
A: Liquidation is a process of shutting down the operations of the business. It is a process of…
Q: (c) On December 31, the capital balances and income ratios in Bismillah Company are as follows.…
A: Partnership is done between two or more person to carry out business and share profits.
Q: A and B are partners sharing profit and losses in the ratio 2:3 their balance sheet showed machinery…
A: Partnership is an agreement between two or more than two persons in which they invest capital, run…
Q: Consider the following premerger information about a bidding firm (Firm B) and a target firm (Firm…
A: Since there are two options for the firm to carry out, either in cash offer or either through share…
Q: is date approximate their fair values. Provide the journal entry to record the transaction. Case 2 Z…
A: There are two ways in which a partner is admitted to a partnership firm. One is by investing capital…
Q: (c) On December 31, the capital balances and income ratios in Bismillah Company are as follows.…
A: Workings: Usman capital = Tk 50000
Q: Gomez and Burgos are partners. Their capital balances on the date Zamora is admitted are as follows:…
A: The partnership comes into existence when two or more persons agree to do the business and further…
Q: The following are the capital balances and share in each profit of Ring Partnership: Aragorn…
A: given partner capital balance profit sharing ratio Aragorn 300 50% 300 50%…
Q: partners. They share profit and losses in the ratio of 2:1:2. Their balance sheet was as under:…
A: d) All the available balance of cash after considering the above transaction distributed among…
Q: 7. A&B Partnership eams profit of P240,000 in 20x1. The movements in the capital accounts of the…
A: Partnership is an agreement between two or more than two partners, in which they invest capital, run…
Q: Partners ABC, DEF and GHI share profits and losses in the ratio of 2:3:5, respectively. At the end…
A: Liquidation: "dissolution of partnership firm" refers to the process by which the link that existed…
Q: A and B are partners sharing profit in the ratio 2:3. Their balance sheet showsmachinery at…
A: The partnership comes into existence when two or more persons agree to do the business together and…
Q: P and Q share profits and losses in 5:3. What Journal entries would be passed for the following…
A: Based on given data the journal entries are passed
Q: Short Answer Jaiz, Najeb,and Philip agreed to share profits and losses according to the ratio of…
A:
Q: The capital balances and profit and loss ratios of the partners in ABC Co. are as follows: Capital…
A: The partnership comes into existence when two or more persons agree to do the business and share…
Q: y his purchase of one-fourth of John’s interest for P300,000. They agreed to write off Accounts…
A: The right answer is option c P130,200
Q: A and B are partners sharing profits in the ratio of 2 : 3. Their Balance Sheet shows machinery at `…
A: The old partners get the share of revaluation account in old ratio.
Q: . Partners Lanvega, Tauroneo, and Bryce share profits and losses in the ratio of 4:5:1. The…
A: Liquidation of partnership means cancelling all the rights and liabilities of the partners,…
Q: A and B are partners sharing profits in the ratio of 2 : 3. Their Balance Sheet shows machinery at…
A: Partnership is an agreement between two or more than two persons in which they invest capital, run…
Q: 20 - Why did a joint stock company make this journal entry? …/…/201. Will borrow 780 Financial…
A: A company whose shares can be traded freely without any restrictions are known as Joint Stock…
Q: Partners ABC, DEF and GHI share profits and losses in the ratio of 2:3:5, respectively. At the end…
A: Liquidation of Partnership Firm: "dissolution of partnership firm" refers to the process by which…
Q: A, and B are partners sharing profits in the ratio of 2:3. Their balance sheet shows machinery at…
A: A partnership is a form of asset that is owned and controlled by two or more partners who agree to…
14
Step by step
Solved in 3 steps
- Consider the following premerger information about a bidding firm (Firm B) and a target firm (Firm T). Assume that both firms have no debt outstanding. Shares outstanding Price per share Firm B Firm T 6,200 1,400 $ 48 $ 18 Firm B has estimated that the value of the synergistic benefits from acquiring Firm T is $9,600. Firm T can be acquired for $20 per share in cash or by exchange of stock wherein B offers one of its shares for every two of T's shares. Are the shareholders of Firm T better off with the cash offer or the stock offer? Cash offer is better Share offer is better At what exchange ratio of B shares to T shares would the shareholders in T be indifferent between the two offers? (Do not round intermediate calculations and round your answer to 4 decimal places, e.g., 32.1616.) Exchange ratio to 1Consider the following premerger information about a bidding firm (Firm B) and a target firm (Firm T). Assume that both firms have no debt outstanding. Shares outstanding Price per share Firm B 5,000 $ 42 Firm T 1,600 $17 Firm B has estimated that the value of the synergistic benefits from acquiring Firm T is $9,000. Firm T can be acquired for $19 per share in cash or by exchange of stock wherein B offers one of its share for every two of T's shares. a. Shareholders of Firm T b. Exchange ratio a. Are the shareholders of Firm T better off with the cash offer or the stock offer? b. At what exchange ratio of B shares to T shares would the shareholders in T be indifferent between the two offers? (Do not round intermediate calculations and round your answer to 4 decimal places, e.g., 32.1616.) to 1Consider the following premerger information about a bidding firm (Firm B) and a target firm (Firm T). Assume that both firms have no debt outstanding. Firm B Firm T 1,300 $23 Shares outstanding 5,400 Price per share $53 Firm B has estimated that the value of the synergistic benefits from acquiring Firm T is $7,900. Firm T can be acquired for $25 per share in cash or by exchange of stock wherein B offers one of its share for every two of T's shares. Are the shareholders of Firm T better off with the cash offer or the stock offer? O Share offer is better O Cash offer is better At what exchange ratio of B shares to T shares would the shareholders in T be indifferent between the two offers? (Do not round intermediate calculations and round your answer to 4 decimal places, e.g., 32.1616.) Exchange ratio
- A Ltd is acquiring B Ltd and will pay consideration totally through shares. The financial data of both companies are given below : A LTD B LTD PROFITS 800000 300000 NO.OF EQUITY SHARES 400000 200000 EPS 2 1.5 P/E RATIO 12 7 Calculate the following: 1. Market price of each company share? 2. Market Capitalization of each company 3. Find out the Exchange Ratio(Swap Ratio)Shell product decided to raise additional financing by issuing common stock. The company received OMR6400 in exchange for OMR 1500 shares of OMR 1 par value common stock. Shell paid an underwriter OMR450 in stock issue costs. By what amount should the cash account increase as a result of this transaction? Select one: a. OMR5950 O b. OMR6400 c. None of the options d. OMR6850A and B are partners sharing profit and losses in the ratio 2:3 their balance sheet showed machinery at 200000 stock at 80000 and debtors at 160000 c admitted and the new profit sharing ratio is admit at 6:9:5 machinery is revalued at 140000 provide 5% provision on debtors and A's share in loss is 20000 revalue of stock will be
- The following data pertains to Traverse Co.'s investments in marketable equity securities: Select one: Oa. $55,000 gain O b. $55,000 loss c. $50,000 loss Od $50,000 gain Oe $0 Cost $150,000 Clear my choice Market value 12/31/24 $155,000 12/31/25 What amount should Traverse Co. report as unrealized holding gain/loss to be included in 2025 Comprehensive Income? $100,000Consider the table shown below to answer the question posed in part a. Parts b and c are independent of the given table. Number of Share Market Capitalization ($ millions) 1547.66 (millions) Stock Price = Callaway Golf (ELY) Alaska Air Group (ALK) Yum! Brands (YUM) Caterpillar Tractor (CAT) Microsoft (MSFT) $ 16.36 $ 61.96 $ 85.13 $597.63 $ 91.27 94.6 123.4 7645.86 $ 28,305.73 $ 88,090.66 332.5 147.4 7,705.0 $703,235.35 a. The price of Yum! Brands stock has risen to $185. What is the market value of the firm's equity if the number of outstanding sha does not change? (Enter your answer in billions rounded to 3 decimal places.) O Answer is complete but not entirely correct. Market value $33,114.270 8 b. The rating agency has revised Catalytic Concepts' bond rating to BBB (use Table 2.2). What interest rate, approximately, would the company now need to pay on its bonds? (Enter your answer as a percent rounded to 1 decimal place.) Interest rate Ac Graw Hill 1 of 8 Prev Next > MacBook Air…Consider the following premerger information about Firm X and Firm Y: 222 Total earnings Shares outstanding Per-share values: Market Book Firm X $92,000 49,000 Assets from X Assets from Y Goodwill Total Assets XY LA GA Firm Y $20,500 14,000 49 $ 18 $ 20 7 zursurch of M www.am entrat human pa grawe anakmuom 2 Hoe o Assume that Firm X acquires Firm Y by paying cash for all the shares outstanding at a merger premium of $7 per share, and that neither firm has any debt before or after the merger. Construct the postmerger balance sheet for Firm X assuming the use of the purchase accounting method. (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.)
- A and B are partners in the ratio of 2:3.Thier balance sheet shows machienery at 400000,stock at 160000 and debtors at 320000,c is admitted and new profit sharing ratio is agreed at 6:9;5. Machinery is revalued at 340000 and a provition is made for doubful debts @25%. A share in loss on revaluation amount to 20000. Revalued value of stock will beWith a best efforts underwriting, the investment banker O A. Does not receive a fee B. Receives a fee based on the number of securities sold O C. Agrees to sell all of the securities in the offering D. Does its best to sell as many shares as possible E. Both B & DBased on the presumption in IAS 27, the cost method is applied for equity securities when the percentage of ownership of another company is: Select one: A. 20% to 50%. B. Exactly 100%. C. Less than 20%. D. Over 50%.