Following is the current balance sheet for a local partnership of doctors and current assets 240,000 A, Capital 299,000 ,capital Buiding and equlpment (net) 0,000 130,000 , capica D, caplea Totals 51,000 s 510,00 The following questions represent independent situations a. E is going to invest enough money in this partnership to receive 20 percent interest. No goodwill or bonus is to be recorded. How b. E contributes $50,000 in cash to the business to recelve a 10 percent interest in the partnership. Goodwill is to be recorded. Profits c. E contributes $52,000 in cash to the business to receive a 20 percent interest in the partnershp. Goodwill is to be recorded. The d. E contributes $78,000 in cash to the business to recelve a 25 percent interest in the partnership. No goodwill or other asset e. C retires from the partnership and, as per the original partnership agreement, is to recelve cosh equal to 112 percent of her final much should E Invest? and losses have previously been split eccordng to the following percentages: A, 30 percent; B10 percent; C, 40 percent; and D. 20 percent. After E makes this investment, what are the Indvidual capital balances? four original partners share all profits and losses equaly. After E makes this investment, what are the individual copital balances? revaluation is to be recorded. Profits and losses have previously been split eccording to the following percentages: 10 percent; B. 30 percent C, 20 percent, and D, 40 percent. After E makes this investment, what are the individual capital balances? capital balance. No goodwill or other osset revaluation is to be recognized. All partners share profits and losses equaly. Ater thee withdrawal, what are the individual capital balances of the remaining partners? Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Req B to E E is going to invest enough money in this partnership to receive a 20 percent interest. No goodwill or bonus is to be recorded How much should E invest? Req A Req B to E > Complete this question by entering your answers in the tabs below. Req A Req B to E b. E contributes $50,000 in cash to the business to receive a 10 percent interest in the partnership. Goodwill is to be recorded. Profits and losses have previously been split according to the following percentages: A, 30 percent; B, 10 percent; C, 40 percent; and D, 20 percent. After E makes this investment, what are the individual capital balances? c. E contributes $52,000 in cash to the business to receive a 20 percent interest in the partnership. Goodwill is to be recorded. The four original partners share all profits and losses equally. After E makes this investment, what are the individual capital balances? d. E contributes $78,000 in cash to the business to receive a 25 percent interest in the partnership, No goodwil or other asset revaluation is to be recorded. Profits and losses have previously been split according to the following percentages: A, 10 percent; B, 30 percent; C, 20 percent; and D, 40 percent. After E makes this investment, what are the individual capitall balances? C retires from the partnership and, as per the original partnership agreement, is to receive cash equal to 112 percent of her final capital balance, No goodwill or other asset revaluation is to be recognized. All partners share profits and After the withdrawal, what are the individual capital balances of the remaining partners? Show less Individuals Capital Capital Capital Capital Req A
