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Category > Accounting Posted 28 Apr 2017 My Price 3.00

The capital balance for Bolcar is $110,000

The capital balance for Bolcar is $110,000 and for Neary is $40,000. These two partners share profits and losses 70 percent (Bolcar) and 30 percent (Neary). Kansas invests $50,000 in cash into the partnership for a 30 percent ownership. The bonus method will be used. What is Neary’s capital balance after Kansas’s investment?

a. $35,000. b . $37,000. c . $40,000. d. $43,000.

 

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Alpha Geek
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Status NEW Posted 28 Apr 2017 09:04 AM My Price 3.00

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file 1493371913-Answer.docx preview (88 words )
T-----------he -----------cap-----------ita-----------l b-----------ala-----------nce----------- fo-----------r B-----------olc-----------ar -----------is -----------$11-----------0,0-----------00 -----------and----------- fo-----------r N-----------ear-----------y i-----------s $-----------40,-----------000-----------. T-----------hes-----------e t-----------wo -----------par-----------tne-----------rs -----------sha-----------re -----------pro-----------fit-----------s a-----------nd -----------los-----------ses----------- 70----------- pe-----------rce-----------nt -----------(Bo-----------lca-----------r) -----------and----------- 30----------- pe-----------rce-----------nt -----------(Ne-----------ary-----------). -----------Kan-----------sas----------- in-----------ves-----------ts -----------$50-----------,00-----------0 i-----------n c-----------ash----------- in-----------to -----------the----------- pa-----------rtn-----------ers-----------hip----------- fo-----------r a----------- 30----------- pe-----------rce-----------nt -----------own-----------ers-----------hip-----------. T-----------he -----------bon-----------us -----------met-----------hod----------- wi-----------ll -----------be -----------use-----------d. -----------Wha-----------t i-----------s N-----------ear-----------yâ€-----------™s -----------cap-----------ita-----------l b-----------ala-----------nce----------- af-----------ter----------- Ka-----------nsa-----------sâ€-----------™s -----------inv-----------est-----------men-----------t? ----------- a.----------- $-----------35,-----------000-----------. -----------b -----------. -----------$37-----------,00-----------0.Â----------- cÂ----------- .Â----------- $4-----------0,0-----------00.----------- d-----------. -----------$43-----------,00-----------0. ----------- An-----------swe-----------r -----------Tot-----------al -----------cap-----------ita-----------l a-----------fte-----------r n-----------ew -----------inv-----------est-----------men-----------t=
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