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Paste Styles Editing Paragraph Clipboard Font D Styles 1. A & B form a partnership....

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Accounting

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Paste Styles Editing Paragraph Clipboard Font D Styles 1. A & B form a partnership. A invest $35,000 and B Invests $55,000. After 10 years the partnership is dissolved. The net income in the last year is $25,000 and both partners agree to take 10% interest on their initial capital investment and share profit and loss equally. Assume all liabilities have been paid. Instructions: Calculate the minimal ending capital balance for both partners' upon dissolution assuming there is enough cash for disbursement upon dissolution. 2. A, B and C have capital of $120,000, $70,000, and $60,000 respectively. The partners share profit and loss in the agreed ratio of 40/30/30. D joins the partnership with $80,000 in exchange for 20% interest in capital and 20% interest in profit and loss. The existing assets of the original partnership are undervalued( this means you need to increase assets) by $40,000. The original partners share balance of profit and loss in proportion to the original ercent Instructions: Calculate the capital balances for each individual in the new partnership assuming bonus and good will method

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