Question
The first question (3 marks): Sami, Hassan and Tayseer agreed to form a joint liability company, whereby the partner, Sami, in return for his share
The first question (3 marks): Sami, Hassan and Tayseer agreed to form a joint liability company, whereby the partner, Sami, in return for his share in the companys capital, presented merchandise costing 4,500 dinars, which is less than its selling price by 500 dinars, and presented furniture with a book value of 17,000 dinars, and the sum of its depreciation is 4000 dinars, and its value The market capitalization is 12000 dinars, and he paid the rest of his share in cash to the companys fund, noting that Samis share in the companys capital is double the book value of the furniture provided by him. As for the partner Hasan, his share in the companys capital is half the share of the partner Sami. In return for his share, he presented receivable papers with a book value of 4,000 dinars, 80% of which are expected to be collected, and presented cars with a book value of 12,000 dinars and a combined depreciation of 3,000 dinars, with a market value of 8,500 dinars, and he paid the rest of his share by check. As for the partner, Tayseer, in return for his share in the companys capital, he presented securities with a book value of 6000 dinars and a market value of 7000 dinars, and he presented lands with a book value of 11,000 dinars and a market value of 13,000 dinars, and he paid the rest of his share in cash (the share of the partner Tayseer is three times the share of the partner Sami). The agreement between the partners provides for the transfer of furniture at book value, cars at net value, and land at market value. Preparing the balance sheet of the solidarity company after its establishment.
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