Hello, i have m/c for advance accounting if you explain the answers

The Other's Book: Chapter 14: 47. Max, Jones and Waters shared profits and losses 20%, 40%, and 40% respectively and their partnership capital balance is $10,000, $30,000 and $50,000 respectively. Max has decided to withdraw from the partnership. An appraisal of the business and its property estimates the fair value to be $200,000. Land with a book value of $30,000 has a fair value of $45,000. Max has agreed to receive $20,000 in exchange for her partnership interest after revaluation. At what amount should land be recorded on the partnership books? A. $20,000. B. $30,000. C. $45,000. D. $50,000. E. $200,000 Donald, Anne, and Todd have the following capital balances; $40,000, $50,000 and $30,000 respectively. The partners share profits and losses 20%, 40%, and 40% respectively. 60. Anne retires and is paid $80,000 based on an independent appraisal of the business. If the goodwill method is used, what is the capital of the remaining partners? A. Donald, $55,000; Todd, $60,000 B. Donald, $40,000; Todd, $30,000 C. Donald, $65,000; Todd, $55,000 D. Donald, $15,000; Todd, $30,000 61. Anne retires and is paid $80,000 based on the terms of the original partnership agreement. If the bonus method is used, what is the capital of the remaining partners? A. Donald, $40,000; Todd, $30,000 B. Donald, $30,000; Todd, $10,000 C. Donald, $50,000; Todd, $50,000 D. Donald, $24,000; Todd, $18,000 The Other's Book: Chapter 15: White, Sands, and Luke has the following capital balances and profit and loss ratios: $60,000 (30%), $100,000 (20%) and $200,000 (50%). The partnership has received a predistribution plan. 30. How would $90,000 be distributed? A. Option A B. Option B C. Option C D. Option D E. Option E 31. How would $200,000 be distributed? A. Option A B. Option B C. Option C D. Option D E. Option E 1- The gray partnership was found on January 2 of the current year under the partnership agreement each partner has an equal initial accounted for under the goodwill method partnership net income or loss is located 60% to gray , and 40 for red. To from the partnership gray original contributed assets costing 30000, with a fair value of 60000 on January 2 of current year, and redd contributed 20000 in cash. Drawings by the partners during current year totals 3000, by gray and 9000 by redd, the partnership current year net income was 25000. redd initial capital balance in the partnership is a.20000 b.25000 c.40000 d.60000 2_James Dixon, a partner in an accounting firm, decided to withdraw from the partnership. Dixon's share of the partnership profits and losses was 20%. Upon withdrawing from the partnership he was paid $74,000 in final settlement for his interest. The total of the partners' capital accounts before recognition of partnership goodwill prior to Dixon's withdrawal was $120,000. After his withdrawal the remaining partners' capital accounts, excluding their share of goodwill, totaled $160,000. The total agreed upon goodwill of the firm was a. $250,000 b. $140,000 c. $160,000 d. $120,000 3-The following condensed balance sheet is for the partnership of Axel, Barr, and Cain, who share profits and losses in the ratio of 4;3;3 Cash 100,000 Other assets 300,000 400,000 Liabilities 150,000 Axel capital 40,000 Barr capital 180,000 Cain capital 30,000 400,000 The partners agree to wind up the partnership after selling the other assets of 200000 upon winding up axel should have received: a.0 b.40000 c.60000 d.70000 Blau and Rubi are partners who share profits and losses in the ratio of 6:4, respectively. On May 1, their respective capital accounts were as follows: Blau $60,000 Rubi $50,000 On that date, Lind was admitted as a partner with a onethird interest in capital and profits for an investment of $40,000. The new partnership began with total capital of $150,000. Immediately after Lind's admission, Blau's capital should be: a. b. c. d. $50,000 $54,000 $56,667 $60,000 Answer is A 4- Presented below is the condensed balance sheet for the partnership of lever, polen and quint, who share profit losses in the ratio 4;3;3 cash 90,000 other assets 830,000 lever loans 20,000 940,000 A/p 210,000 quint loan 30,000 Lever capital 310,000 polen capital 200,000 Quint capital 190,000 940,000 Assume that the assets and liabilities are Fairley valued on the balance sheet and that partnership decided to admit Fahn as a new partner with 20% interest, no goodwill or bonus is to be recorded, how much should Fahn contribute in cash or other assets: a.140000 b.142000 c.175000 d.177500