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chapter 16 type question from beams advanced accounting 11th edition Cash Marketable Securities Inventory Land Building.Net $100,000 200,000 150.000 100,000 NDO, Total Asset 1.450,000 Eguitis

chapter 16 type question from beams advanced accounting 11th edition
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Cash Marketable Securities Inventory Land Building.Net $100,000 200,000 150.000 100,000 NDO, Total Asset 1.450,000 Eguitis Sam, Capital Norm. Capital Woody, Capital S850 000 450,000 150,000 Total Equities 1.450.000 The partners agree to admit Danne for a one-tenth interest. The Fair Market value for the partnership land is $360,000 and the Fair Market Value of the inventory is $300.000 Required 1) Recond the entry to revalac the partnership at prior to the admission of Dunne 2) Calculate bow mech Dann will have to invest to acquire a 10% interest 31 Assure the partnership assets are not revalued. Dianne paid $800,000 in exchange for a 10% interest in the partiership, what is the bones that is allocated to cach partner's capital account

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