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The amount on the Inventory account that should be reported on the Consolidated Statement of Financial Position (balance sheet) dated December 31, 2011 should be: 375,000 ioni 255,000 610,000 630.000 O None of the answers is correct Question 26 2.5 points Save Ar The Tim-Tam-Tom partnership has the following capital balances and profit and loss allocation Tim (30% of gains and losses) Tam (2096) Tom (50%) Tem invests $300,000 in cash, paid to the partnership, for a 20% ownership stake. Using the Bonus method, after the transaction what is Tam's capital balance? 100,000 150,000 200,000 180,000 O 300,000 O 192,000 O 150,000 O None of the answers is correct Question 27 2.5 points Save Answe The Tim-Tam-Tom partnership has the following capital balances and profit and loss allocation: Tim (30% of gains and losses) Tam (20%) Tom (50%) Tem invests $220,000 in cash, paid to the partnership for a 20% ownership stake. Using the Goodwill method what are the goodwill a mount to be recognized and Tim's capital balance, respectively? 100,000 150,000 200,000 650,000; 220,000; 650,000; 295,000; O430,000; 229,000; 430,000; 295,000; O None of the answers is correct Question 29 2.5 points Save An The Tim-Tam-Tom partnership has the following capital balances and profit and loss allocation: Tim (30% of gains and losses) Tam (2096) Tom (50%) Tem invests $250,000 in cash, paid to the original partners, for a 20% ownership stake. Using the bonus method, after the transaction what is Tom's capital balance? 100,000 150,000 200,000 O 180,000 O 250,000 255,000 O 280,000 O None of the answers is correct

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