Maurice Tutor

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About Maurice Tutor

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Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 399 Weeks Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 21 Mar 2018 My Price 7.00

Partnership Blake Nelson

Revaluing and Contributing Assets to a Partnership Blake Nelson invested $61,000 in the Lawrence & Kerry partnership for ownership equity of $61,000. Prior to the investment, land was revalued to a market value of $351,000 from a book value of $258,000. Lynne Lawrence and Tim Kerry share net income in a 1:3 ratio. Hide a. Provide the journal entry for the revaluation of land. For a compound transaction, if an amount box does not require an entry, leave it blank. Lawrence, Capital Tim Kerry Capital Hide b. Provide the journal entry to admit Nelson.

Revaluing and Contributing Assets to a Partnership Blake Nelson invested $61,000 in the Lawrence & Kerry partnership for ownership equity of $61,000. Prior to the investment, land was revalued to a market value of $351,000 from a book value of $258,000. Lynne Lawrence and Tim Kerry share net income in a 1:3 ratio. Provide the journal entry for the revaluation of land. For a compound transaction, if an amount box does not require an entry, leave it blank. Provide the journal entry to admit Nelson.

Answers

Maurice Tutor
(5)
Status NEW Posted 21 Mar 2018 05:03 AM My Price 7.00

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