

Study with the several resources on Docsity
Earn points by helping other students or get them with a premium plan
Prepare for your exams
Study with the several resources on Docsity
Earn points to download
Earn points by helping other students or get them with a premium plan
Community
Ask the community for help and clear up your study doubts
Discover the best universities in your country according to Docsity users
Free resources
Download our free guides on studying techniques, anxiety management strategies, and thesis advice from Docsity tutors
helppppppp 1. A and B formed a partnership. The following are their contributions: A B Cash 200,000 - Accounts receivable 100,000 - Inventory 160,000 - Land 100,000 Building 240,000 Total 460,000 340,000 Note payable 120,000 A, capital 340,000 B, capital 340,000 Total 460,000 340,000 Additional information: • Included in accounts receivable is an account amounting to ₱40,000 which is deemed uncollectible.
Typology: Essays (university)
1 / 3
This page cannot be seen from the preview
Don't miss anything!
a. P100,000; P400,000 c. P100,000; P600, b. P150,000;P500,000 d. P200,000; P600, ANSWER: C Company A Company B Net Asset Contribution P300,000 P400, Add: Goodwill Average/Annual Earnings
Less: Normal Earnings (10%of net asset)
Excess earnings P20,000 P40, Divided by: Capitalized at 20% 20% Goodwill P100,000 P200, Total contribution(stock to be issued