1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
AleksandrR [38]
2 years ago
10

Goodwill is to be recorded. how much goodwill should be recognized, and what is darrow’s beginning capital balance?

Business
1 answer:
mr_godi [17]2 years ago
5 0

$410,000  goodwill should be recognized, and $270,000 is Darrow's beginning capital balance.

The implied value of the company is $900,000 ($270,000 ÷ 30%). Because the money is going to the partners rather than into the business, the capital total is $490,000 before realigning the balances. Hence, goodwill of $410,000 is recognized based on the implied value ($900,000 - $490,000). This goodwill is assumed to represent unrealized business gains and is attributed to the original partners according to their profit and loss ratio. They will then each convey 30 percent ownership of the $900,000 partnership to Darrow for a capital balance of $270,000.

Learn more about goodwill here: brainly.com/question/23710953

#SPJ4

The question is incomplete. Please read below to find the missing content.

Following are the capital account balances and profit and loss percentages (indicated parenthetically) for the William, Jennings, and Bryan partnership:

William (40%) $220,000

Jennings (40%) $160,000

Bryan (20%) $110,000

Darrow invests $270,000 in cash for a 30 percent ownership interest. The money goes to the original partners. Goodwill is to be recorded. How much goodwill should be recognized, and what is Darrow's beginning capital balance?

You might be interested in
Amber’s starting salary for her new job will be $35,500 a year. How much will she pay to the Social Security system for her firs
mojhsa [17]

Answer:

I dont know the answer but I want whatever job she has

6 0
3 years ago
Dartmouth Assessment Centre screens and trains employees for a computer assembly firm in Halifax. The progress of all trainees i
alexdok [17]

Answer:

Discourage Torri from continuing. Encourage Julie to continue.

Explanation:

The progress of all trainees is tracked. Those not showing good progress are moved to less demanding programs. This means that there is hope of still doing/getting a job, if they don't pass this test.

REQUIREMENT: By the 10th time doing the test, trainees must be able to complete the task in a maximum of 1 hour.

1st Trainee: Torri Olson-Alves

5 hours on Unit 4;   4 hours on Unit 8

Should Torri be encouraged to continue? NO.

There are 10 units or repetitions in all. If Torri spends 5 hours on Unit 4 and spends 4 hours on Unit 8, then Torri is slow or isn't making much progress. After 4 repetitions, her marginal product only increased by an hour. She most likely won't make it to 1 hour by the 10th repetition.

2nd Trainee: Julie Burgmeier

4 hours on Unit 3;   3 hours on Unit 6

Should Julie be encouraged to continue? YES.

Julie makes a progress of 1 hour after 3 repetitions. We can predict that after another 3 repetitions (on Unit 9) progress would be made again and by Unit 10, she would have met the required benchmark.

3 0
3 years ago
Consider the following statements: "Inner-city household interviewing is especially difficult and expensive. This survey involve
stiks02 [169]

Answer:

d. a deductive argument

Explanation:

Deductive argument is one that is conveyed as the arguer to be seductively valid, and conclusions bare drawn from this argument.

So the argument here is that inner city household interviews are difficult and expensive.

Based on this argument, the fact that we are carrying out substantial inner city household interviews now will mean that they will be expensive.

The truth of the conclusion is dependent on the validity of the first argument.

8 0
3 years ago
Pharoah Inc. has decided to raise additional capital by issuing $173,000 facevalue of bonds with a coupon rate of 6%. In discuss
Ira Lisetskai [31]

Answer:

a.                                               Debit         Credit

Cash                                       $174,600

Discount on bond payable   $18,941

        Bonds Payable                                  $173,000

        Paid -in Capital - Stock Warrants    $20,541

<u>Workings</u>

Market value of Bonds        155,700

Market value of Warrants    <u>20,760</u>

Total market value               176,460

Value assigned to Bonds = 174,600 / 176,460 * 155,700 = 154,059

Value assigned to Warrants = 174,600 / 176,460 *20,760 = 20,541

b.                                              Debit       Credit

Cash                                        $174,600

Discount receivable                                 $1,600

         Bonds Payable                                $173,000

5 0
4 years ago
Do you think that some people are more susceptible to psychological marketing than others? Explain
Lilit [14]

Answer: yes, because some people studied the material which would make it easier for the to catch on.

Explanation:

4 0
3 years ago
Other questions:
  • The use of communication technologies such as videoconferencing and networks has enabled increased
    14·2 answers
  • Match the different types of incomes to their sources.
    5·2 answers
  • The Economic Development Minister of a country has a list of things she thinks may explain her country's low growth of real GDP
    12·1 answer
  • A single individual who is not an active participant in a qualified retirement plan, earned $28,000. The maximum tax deductible
    10·1 answer
  • Which of the following is true? * 1 point A) To be classified as employed, you must be a full-time worker at a paid job B) To be
    5·1 answer
  • At December 31, 2019, Swifty Corporation reported the following as plant assets.
    15·1 answer
  • The personality and unique character of a group is best known as its ________ and includes the group's assumptions, values, beli
    13·1 answer
  • Assume an investee has the following financial statement information for the three years ending December 31, 2013:(At December 3
    7·1 answer
  • In the end, businesses that use teams tend to have ______. a. fewer sick leaves b. more profits c. more management d. fewer prod
    8·1 answer
  • Angela's company requires her to be at work between the hours of 10:00 a.m. and 2:00 p.m. other than that, she is free to create
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!