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Anasiabrown11
27.02.2020 •
Business
D. Shahi and K. Vaughn organize a partnership. Their partnership agreement states that Shahi will receive 40% of the partnership income or loss and Vaughn will receive the remaining 60%. On January 2, the two partners agree to accept Paul Williams as a partner with a 40% interest if Williams invests $80,000 cash. At the time of Williams' admission, the partnership`s accounting records show that Shahi has recorded equity of $80,000 and Vaughn has recorded equity of $90,000. The old partners will contribute to the bonus paid to Williams as follows
$12,000 by Shahi and $8,000 by Vaughn.
$32,000 by Shahi and $48,000 by Vaughn.
$8,000 by Shahi and $12,000 by Vaughn.
$32,000 by Shahi and $63,000 by Vaughn.
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Ответ:
$8,000 by Shahi and $12,000 by Vaughn.
Explanation:
Given that,
Investment of Shahi = $80,000 with 40% share
Investment of Vaughn = $90,000 with 60% share
Investment of Williams = $80,000 with 40% interest
Total capital after admission of Paul Williams:
= Investment of Williams + Investment of Shahi + Investment of Vaughn
= $80,000 + $80,000 + $90,000
= $250,000
Williams's share in new capital:
= Total capital after admission of Paul Williams × Interest
= $250,000 × 40%
= $100,000
Bonus paid to Williams:
= Williams's share in new capital - Investment of Williams
= $100,000 - $80,000
= $20,000
Therefore, the bonus paid to Williams will be contributed by old partners:
D. Shahi Contributed = $20,000 × 40%
= $8,000
K. Vaughn contributed = $20,000 × 60%
= $12,000
Ответ: