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    Nurul Aryani - Quis 2

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    Nurul Aryani
    The document summarizes a quiz question regarding the dissolution of a partnership between Mor and Osc and the admission of a new partner, Tre. Mor and Osc's partnership had assets with book values totaling $270,000 and fair values also totaling $270,000. Tre invested $95,000 cash and a building worth $120,000 to acquire a one-third interest in the new partnership. The summary provides a balance sheet for the new Mor, Osc, and Tre partnership valued at fair market value, including goodwill of $40,000 recognized from Tre's investment.

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    Nurul Aryani - Quis 2

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    Nurul Aryani
    629 views3 pages
    The document summarizes a quiz question regarding the dissolution of a partnership between Mor and Osc and the admission of a new partner, Tre. Mor and Osc's partnership had assets with book values totaling $270,000 and fair values also totaling $270,000. Tre invested $95,000 cash and a building worth $120,000 to acquire a one-third interest in the new partnership. The summary provides a balance sheet for the new Mor, Osc, and Tre partnership valued at fair market value, including goodwill of $40,000 recognized from Tre's investment.

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    43218120075_NURUL ARYANI_QUIS 2

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    The document summarizes a quiz question regarding the dissolution of a partnership between Mor and Osc and the admission of a new partner, Tre. Mor and Osc's partnership had assets with book values totaling $270,000 and fair values also totaling $270,000. Tre invested $95,000 cash and a building worth $120,000 to acquire a one-third interest in the new partnership. The summary provides a balance sheet for the new Mor, Osc, and Tre partnership valued at fair market value, including goodwill of $40,000 recognized from Tre's investment.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    629 views3 pages

    Nurul Aryani - Quis 2

    Uploaded by

    Nurul Aryani
    The document summarizes a quiz question regarding the dissolution of a partnership between Mor and Osc and the admission of a new partner, Tre. Mor and Osc's partnership had assets with book values totaling $270,000 and fair values also totaling $270,000. Tre invested $95,000 cash and a building worth $120,000 to acquire a one-third interest in the new partnership. The summary provides a balance sheet for the new Mor, Osc, and Tre partnership valued at fair market value, including goodwill of $40,000 recognized from Tre's investment.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 3

    3/14/2021 QUIZ PERTEMUAN 2-Perubahan Dalam Kepemilikan: Attempt review

    Home / My courses / 276893 - 2A5326BA (B-303) / 13 March - 19 March

    / QUIZ PERTEMUAN 2-Perubahan Dalam Kepemilikan

    Started on Sunday, 14 March 2021, 3:01 PM


    State Finished
    Completed on Sunday, 14 March 2021, 4:02 PM
    Time taken 1 hour
    Grade Not yet graded

    https://post.mercubuana.ac.id/mod/quiz/review.php?attempt=53990&cmid=21048 1/3
    3/14/2021 QUIZ PERTEMUAN 2-Perubahan Dalam Kepemilikan: Attempt review

    Question 1

    Complete

    Marked out of 1.00

    The partnership of Mor and Osc is being dissolved, and the assets and equities at book value and fair value and the
    profit – and- loss sharing ratios at January 1, 2011 as follows :

      Book Value Fair Value

    Cash $  20,000 $  20,000

    Account Receivable   100,000   100,000

    Inventories     50,000   200,000

    Plant Assets-net   100,000   120,000

      $270,000 $270,000

         

    Accounts payable $  50,000 $  50,000

    Mor Capital (50%)   120,000  

    Osc Capital (50%)   100,000  

      $270,000  

     
    Mor and Osc agree to admit Tre into the partnership for a one-third interest. Tre invests $95,000 cash and a building
    to be used in the business with a book value to Tre of $100,000 and a fair value of $120,000.
    REQUIRED : Prepare a balance sheet for the Mor, Osc and Tre partnership on January 2, 2011, just after the
    admission of Tre, assuming that the assets are revalued and goodwill is recognized.

    Mor, Osc and Tre Partnership


    Balance Sheet
    at January 2, 2011

    Cash ($20,000 + $95,000)                                                 $      115,000


    Accounts Receivable - net                                                $      100,000
    Inventories                                                                        $      200,000

    Plant Assets-net ($120,000 + $120,000)                           $      240,000


    Goodwill                                                                            $        40,000    a                                                                    
           Total Assets                                                                $      695,000

    Accounts Payable                                                             $        50,000


    Mor Capital (1/3 interest) 
        ($120,000 + $85,000b + $20,000)                                $      225,000
    Osc Capital (1/3 interest)

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    3/14/2021 QUIZ PERTEMUAN 2-Perubahan Dalam Kepemilikan: Attempt review

        ($100,000 + $85,000b + $20,000)                                $      205,000

    Tre Capital (1/3 interest)                                                   $      215,000  c


          Total Equities                                                              $      695,000

    a  Tre's $215,000 : 1/3 = $645,000 Total capitalization


         $645,000 - $605,000 fv of old assets + Tre's investment - $40,000 goodwill

        $40,000 goodwill is divided equally between Mor and Osc


    b  Revaluation of assets to fair value ($170,000 divided equally between Mor and Osc)
    c  Tre's investment ($95,000 cash + $120,000 building) = $215,000

    ◄ FORUM PERTEMUAN 2-Perubahan Kepemilikan Dalam Persekutuan

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