What is the amount of cash received by partner C on January 31, 2021? P260,000 P240,000 P300,000 P350,000

Q: 52,200 80,000 40,000 4,000 1,500 100,000 25,000 15,000 268,000 16,500 4,800 45,000 3,000 12,000…

A: Current liabilities: Liabilities which have to be paid  within one year or one operating cycle,…

Q: 2022 Income Statement: Sales revenue 750,000 Cost of goods sold 360,000 Fixed Costs 80,000 Selling,…

A: Cash flow to owner is the amount of income that is attributable to the shareholders considering the…

Q: se the followir S he partners At ers

A: Answer: Concept The value of liquidation is divided equally to all partners in ratio of partners…

Q: Alex and Bess have been in partnership for many years. The partners, who share profits and losses on…

A: a. Distributed safe cash payments to the partners. Alex, Capital $117,600 (168,000 x 70%) Bess,…

Q: Increase in the value of bills payable will be: a. Credited to partners' capital account b. Debited…

A: The revaluation account is prepared to adjust the change in values of assets and liabilities.

Q: Guaranteed payments to partners go on what two lines of the Form 1065? What type of interest goes on…

A: A partnership is a form of business in which two or more than persons agree to carry common…

Q: ne company na Initial Investr Additional In Owner's Draw Net Profit/(Ne

A: The answer is stated below:

Q: Question 20 of 75 S1: It is both common and good business practice for partners to pay their…

A: SOLUTION- EXPLANATION- 1- THE PARTNERSHIP AGREEMENT DID NOT STIPULATE THAT PARTNERS WERE REQUIRED…

Q: $500 is received at the beginning of year one, $500 is received at the beginning of year two, and…

A: Future Value(FV) is compounded value of current amount in future time that shows amount equivalent…

Q: 2023 2022 Accounts receivable  2,820,000 2,397,000 Advances to officers not currently due 180,000…

A: The cash flow statement is one of the primary financial statements prepared to show the changes in…

Q: IS. 51 Year 2 (Rs. 1,00,000 2,00,000 40,000 1,00,000 1,40,000 25,000 19. 2073 SetDQ.No. 16 Following…

A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…

Q: Can someone help explains the graphs Below?

A: Cash is one of the important factor in the organization and it affects almost all the decisions. To…

Q: howmuch would be the investor’s cash dividend? a. PhP 16,000 b. PhP 12,500 c. PhP 16,500 d. PhP…

A: Cash Dividend: It refers to the distribution of money or funds paid to the shareholders usually as…

Q: a) Adjusting entries to convert the records to accrual basis of accounting

A: Hey there since you have posted multiple questions, we can answer only first question, please…

Q: What is the project's MIRR? r = 10.00% 0 -$875 Year Cash flows O a. 22.51% O b. 11.75% O c. 17.21% O…

A: YearsCash Flows0($875)1$3002$3203$3404$360Rate10%Required:Modified Internal Rate of Return =?

Q: 1. You have invested 10000 euros in a fund in the first of January 2020. During the year you…

A: Money Deposited10,000 euros on 01/01/2020 5000 euros on 31/03/2020 4000 euros on 30/09/2020 Money…

Q: Metal tech Cash Account 31.12.2020 RS RS Balance B/D 50 Payment to suppliers 2000 Equity share…

A: Cash flow statements: It is a statement that provides information about the outflow or inflow of…

Q: ayment mount Interest Expense 340,000 $911,169 340,000 $916,151 340,000 $921,481 in Discount $71,169…

A: Cash interest payment is the interest paid to the bond holder at a fixed rate each year calculated…

Q: mputation. Analyze and compute for the following problems. Provide a solution for your al Jessa and…

A: According to the partnership deed between partners, Jessa and Mike , they are agreed to share the…

Q: An interim determination of profit entails the matching of amounts of income and expenditure, which…

A: Generally interim determination of profit is not compulsory by GAAP or IFRS.…

Q: Prepare a Cash Flow Statement for the year ended 31st December 2016 in accordance to International…

A: Cash Flow Statement: Cash Flow Statement is a fundamental financial statement that renders valuable…

Q: Based on the following information what was Simmond’s profit for the year? During the year…

A: Basic accounting equation is Total assets = Total liabilities + Stock holders equity

Q: Responds with a face value of $201,000 are issued at par the amount of cash proceeds is______ A)…

A: Note: When market or effective rate of interest is less than the interest rate on bonds then bonds…

Q: Given the cash flows and information in the table below. Which alternative do you choose (mutually…

A: MARR = 6% N = 4 years

Q: IRB Of the fallowing seE of Ccsh Flcus Year what 19 the Cosh Flows -18.700 1. 2. 3 9,400 10,400…

A: IRR can be calculated by following function in excel =IRR(values,[guess]) Values = Cash flows Guess…

Q: OTC contracts was 2018 compared to exchange traded contracts

A: An OTC or over-the-counter derivative is essentially a financial contract arranged between two…

Q: For the net cash flows and cumulative cash flows shown, the value of x is: 2 3 4 -29,000 -25,000 X…

A: Payback period (PBP) refers to the period or duration within which the company is able to recover…

Q: Gomez is considering a $190,000 investment with the following net cash flows. Gomez requires a 9%…

A: Net present value is technique used to evaluate capital budgeting projects. Net present value is…

Q: tion For these alternatives, the sum of the incremental cash flows is: Year A 0 - 10,000 +2,500…

A: Incremental cash flow refers to cash flow that a company acquires when it takes on a new project. If…

Q: Account for the start-up of a partnership and prepare partnership financial statements using make-up…

A: PARTNESHIP  There are numerous ways to start a business, and each has unique benefits and…

Q: Instructions: Write “true" if the statement is true and "false" if otherwise. 18. SThes Scommunity$…

A: SOLUTION PARTNERSHIP IS A FORMAL ARRANGEMENT BY TWO OR MORE PARTIES TO MANAGE AND OPERATE A BUSINESS…

Q: Partners Francia, Glenda and Harold share profits and losses at 5:3:2, respectively, and their…

A: Profit and Loss Sharing Ratio of  Francia : Glenda : Harold = 5 ; 3 : 2 Capital Balances Francia =…

Q: in millions) Cash flows from operiting activities (CFO Net mcome Adjustments to reconcile net income…

A: Cash inflows refer to the total value of cash a business is currently processing in its various…

Q: partnership

A: Correct Answer :- D Credited to partner capital Account.

Q: 20. On 12-31-20 J entered into an agreement allowing J to collect the following: Starting 12-31-21,…

A: Amount are not received at one time but are received in steps over the period but value of money…

Q: uestion 3 4 Successfully signed in as bhaliyakanti061998. Max. score: 1.C The cash outflow for the…

A: Step 1: AB1YearCash Flow20-1000003150000422000053100006  7IRR-14%The IRR was -14% but the closest…

Q: How much is the return on plan assets during the year?

A: Formula for Closing Balance of Plan Assets = Opening value of plan assets…

Q: 4. Complete the following amortization schedule: Cash Received 0 Dates Jan 1, 2022 Jul 1, 2022 S Jan…

A: This question relates to the amortization schedule.

Q: 33) The withdrawal of capital by a partner from the business of partnership will be: a. Credited to…

A: Solution 33: Once capital is withdrawn from partnership, it will decrease capital account of…

Q: Based on the given information, what is Max's portfolio income? Interest from savings account $1,000…

A: To calculate Max's portfolio income, we need to sum the interest from the savings account and the…

Q: Date Cash flow 1/5/21 -50000 11/12/21 4000 8/6/22 9/13/22 46000 7000

A: The given problem can be solved using XIRR function in excel.

Q: For the cash flows shown in the diagram, determine the value of x and 2x that will make the future…

A: Calculation of values of x and 2x:Answer:The values of x and 2x are 10,744.42 and 21,488.84

Q: f discretionary expenses are $500, cash flow before discretionary expenses are $2,000, and…

A: Discretionay expenses are not necessary expenses and expenses done after necessary expenses.

Q: Guaranteed payments to partners go on what two lines of the form 1065? what type of interest goes on…

A: The two payments which are the guaranteed payments to partners which go on two lines of the form…

Q: You are given the following information for MZ5 Enterprises. Net PP&E 2018 = $1,000, Net PP&E 2019 =…

A: The investment in the asset can be computed using the beginning and the ending balances and the…

Partnership Accounting

A partnership is a kind of arrangement between two or more people whereby they agree to manage the business operations and share its profits and losses in an agreed ratio between them. The agreement that is drafted and signed by the partners of the firm is termed as partnership deed and contains various important clauses agreed between the partners such as profit/loss sharing, interest on capital, remuneration allocation of each partner, drawings, admission of a new partner, etc. 

Partner Admission and Withdrawal

A partnership is a kind of arrangement between two or more people whereby they agree to manage the business operations and share its profits and losses in an agreed ratio between them. The agreement that is drafted and signed by the partners of the firm is termed as a partnership deed and contains various important clauses agreed between the partners such as profit/loss sharing, interest on capital, remuneration allocation of each partner, drawings of a partner, etc.