{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-27T17:07:00-04:00", "answer_date": "2024-05-27 17:07:00", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1791385", "url": "\/study-help\/questions\/the-end-partnership-has-the-following-capital-balances-as-of-1791385", "question_creation_date_js": "2024-05-27T17:07:00-04:00", "question_creation_date": "May 27, 2024 05:07 PM", "meta_title": "[Solved] The E.N.D. partnership has the following | SolutionInn", "meta_description": "Answer of - The E.N.D. partnership has the following capital balances as of the end of the current year: Pineda Adams Fergie Gomez | SolutionInn", "meta_keywords": "n,partnership,capital,balances,end,current,year,pineda,adams,fergie,gomez,$", "question_title_h1": " The E.N.D. partnership has the following capital balances as of the end of the current year: Pineda Adams Fergie Gomez $ 300,000 270,000 260,000", "question_title": " The E.N.D. partnership has the following capital balances as of the", "question_title_for_js_snippet": "The E N D partnership has the following capital balances as of the end of the current year Pineda Adams Fergie Gomez $ 300,000 270,000 260,000 250,000 Total capital $1,080,000 Answer each of the following independent questions a Assume that the partners share profits and losses 3 3 2 2, respectively Fergie retires and is paid $297,000 based on the terms of the original partnership agreement If the goodwill method is used, what is the capital balance of the remaining three partners b Assume that the partners share profits and losses 4 3 2 1, respectively Pineda retires and is paid $345,000 based on the terms of the original partnership agreement If the bonus method is used, what is the capital balance of the remaining three partners (Do not round your intermediate calculations Round your final answers to the nearest dollar amounts ) a Pineda Adams Gomez b Adams Fergie Gomez Capital Balance Prev 7 of 16 Next ", "question_description": "\"image", "transcribed_text": "The E.N.D. partnership has the following capital balances as of the end of the current year: Pineda Adams Fergie Gomez $ 300,000 270,000 260,000 250,000 Total capital $1,080,000 Answer each of the following independent questions: a. Assume that the partners share profits and losses 3:3:2:2, respectively. Fergie retires and is paid $297,000 based on the terms of the original partnership agreement. If the goodwill method is used, what is the capital balance of the remaining three partners? b. Assume that the partners share profits and losses 4:3:2:1, respectively. Pineda retires and is paid $345,000 based on the terms of the original partnership agreement. If the bonus method is used, what is the capital balance of the remaining three partners? (Do not round your intermediate calculations. Round your final answers to the nearest dollar amounts.) a. Pineda Adams Gomez b. Adams: Fergie Gomez Capital Balance < Prev 7 of 16 Next >", "related_book": { "title": "Financial and Managerial Accounting", "isbn": "9780538480901, 9781111525774, 538480890, 538480904, 1111525773, 978-0538480895", "edition": "11th Edition", "authors": "Jonathan E. Duchac, James M. Reeve, Carl S. Warren", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/52.jpg", "uri": "\/textbooks\/financial-and-managerial-accounting-11th-edition-52", "see_more_uri": "" }, "free_related_book": { "isbn": "979-8362462062", "uri": "\/textbooks\/algebra-linear-equations-book-1-simple-linear-equations-1st-edition-979-8362462062-163417", "name": "Algebra Linear Equations Book 1 Simple Linear Equations", "edition": "1st Edition" }, "question_posted": "2024-05-27 17:07:00", "see_more_questions_link": "\/study-help\/questions\/business-economics-2023-September-08", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/introduction-to-java-programming-and-data-structure", "description": "There are three mutually exclusive projects, where the basic information is provided below. Assume a DN alternative does not exist. 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