Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 22, 2024

Aira's interest in the partnership is P112,000. Ella buys Aira's interest for P120,000. How much is the capital balance of Ella after the purchase. a.)

Aira's interest in the partnership is P112,000. Ella buys Aira's interest for P120,000. How much is the capital balance of Ella after the purchase.

a.) P120,000

b.) P172,000

c.) P232,000

d.) P112,000

SHOW COMPLETE SOLUTION

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Accounting

Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield

13th Edition

9780470374948, 470423684, 470374942, 978-0470423684

More Books

Students also viewed these Accounting questions

Question

★★★★★

It is false that no A are B. Therefore, some A are B. Use the modified Venn diagram technique to determine if the following immediate inference forms are valid from the Boolean standpoint,...

Answered: 1 week ago

Question

★★★★★

At the end of October, Santa Fe Companys management estimates the uncollectible accounts expense to be 1 percent of net sales of $1,385,000. Prepare the journal entry to record the uncollectible...

Answered: 1 week ago

Question

★★★★★

What determines supply?

Answered: 1 week ago

Question

★★★★★

Multiple Choice Questions 1. A manufacturing company is considering purchasing a new machine that doubles capacity from 500 to 1,000 units per week. The machine will occupy approximately 500 square...

Answered: 1 week ago

Question

★★★★★

Aira's interest in the partnership is P112,000. Ella buys Aira's interest for P120,000. How much is the capital balance of Ella after the purchase. a.) P120,000 b.) P172,000 c.) P232,000 d.) P112,000...

Answered: 1 week ago

Question

★★★★★

On 28 June 2020, a purchase order was received from a customer, for goods worth RM460,000. The customer paid a deposit of RM100,000. Became Bhd promised to deliver the product by 3 July 2020. This...

Answered: 1 week ago

Question

★★★★★

This is an approach to schedule back-office sBack to the Stanford stadium pricing problem is Section 5.4, assuming a capacity of 60,000 seats and the demand curves for students and for the general...

Answered: 1 week ago

Question

★★★★★

3. A very large thin plane has uniform surface charge density . Touching it on the right is a long wide slab of thickness d with uniform volume charge density P. Determine the electric field (a) to...

Answered: 1 week ago

Question

★★★★★

help plzz 1. Mr. J. Strom is the owner of a hardware store in Shelburne, Nova Scotia. At the end of the year, he attempted to prepare a trial balance of the accounts in the general ledger. The trial...

Answered: 1 week ago

Question

★★★★★

Question 2 Not complete Marked out of 1.00 P Flag question Journal Entries for Merchandise Transactions-Perpetual System Cushing Distributing Company uses the perpetual inventory system. Cushing had...

Answered: 1 week ago

Question

★★★★★

Construct a network diagram to analyses your project. What is the total project duration time. Identify the critical path on your network diagram. When is the latest line that activity G must be...

Answered: 1 week ago

Previous Question Next Question