I sent this question on the 15th. I really need help as my assignment is due on the 18th. I am resending it and hoping this time I will get assistance.

Insert Det FAC1002/1013/2020 ASSIGNMENT 01 - SECOND SEMESTER ( od QUESTIONZ Joseph and Jane are in partnership and they shore profits and losses in the ratio of 32 respectively. They decided to admit Antowas a partner and a fifth rest in the partnership was sold to him. Joseph and Jane reinguished Anton's Wrest to him in the proportion of 21. respectively Which one of the following alternatives indicates the correct new profit-sharing ratio? 1. Joseph, Jane and Anton's new profil sharing ratio is 32:1, respectively 2. Joseph, Jane and Anton's new profit sharing ratio is 7:5:3. respectively 3. Joseph, Jane and Anton's new profit-sharing roli is 12:8.5, respectively 4. Joseph, Jane and Anton's new profit-sharing ratio is 1:1:1, respectively This information relates to questions 8, 9 and 10: Tick and Tack are in partnership, trading as Time Traders, and they share the professes in the ratio of 2.1 respectively. For the purpose of admitting Minnie to the partnership on 1 March 2020 Tick and Tack, valued the partnerships assets as follows: The land and buildings with a carrying amount of R1 650 000 were valued at a fair value of R2 000 000, and the furniture and equipment, with a carrying amount of R640 000, were valued at a fair value of R620 000. Debtors amounted to R60 000. Tick and Tack decided to provide for credit losses of R7 000 on debtors. Bank amoured to R25 000. Minnie contributed a delivery vehicle valued at R460 000 and cash amounting to R140 00 for a one fifth share in a partnership. Tick. Tack and Minnie wil share in the profits losses of the new partnership, which wil trade as Nano Traders, in the ratio of 2.2:1 respectively, QUESTIONS Which one of the following alternative is the correct goodwill calculation for Time Traders? 1. R300 000 2. R302 000 3. R327 000 4. R295 000 QUESTIONS Only for question 7 assuming that goodwill amounted to 90 000. Which one of the following alterative is the correct goodwil alocation to Time Traders? 1 Debit R 90 000 Credit R 2020 Feb 28 Goodwill Capital: Tick 60 000 30 000 29 Delen FACI600101/3/2020 ASSIGNMENT 01 - SECOND SEMESTER - QUESTION 9 (continued 2. Credit 2020 R Dahil R B0 000 30 000 Feb 20 Capital Tick Capital Tack Goodwil 90 000 Dahil R 90 000 Credit R 2020 Feb 28 Goodwill Capital: Tick Capital: Tack Capitat: Minnie 36 000 38 000 18000 Credit R 2020 Feb 28 Capital Tick Capital: Tack Capital: Minnie Goodwill Debit R 36 000 36 000 18 000 90 000 QUESTION 10 Which one of the following alternatives discloses the correct entry (narration omitted) in the general joumal of Time Traders to record the valuations to be disclosed in the valuation account? Debit R 350 000 Credit R 2020 Feb 28 Land and buildings Allowance for credit losses Furniture and equipment Valuation account 7 000 20 000 323 000 Credit R Debit R 7 000 363 000 2020 Feb 28 Allowance for credit losses Valuation account Land and buildings Furniture and 350 000 20 000 30 Imert Delen FAC1602/101/3/2020 ASSIGNMENT 01 - SECOND SEMESTER - QUESTION 10 (continued) 3. Credit R Dobit R 350 000 20 000 2020 Feb 28 Land and buildings Furniture and equipment Allowance for credit losses Valuation account 7 000 363 000 Debit R 377 000 Credit R 2020 Feb 28 Valuation account Allowance for credit losses Land and buildings Furniture and equipment 7 000 350 000 20 000 TER END OF ASSIGNMENT 01 - SECOND SEMESTER