juan-contributes-marketable-securities-to-a-partnership-the-book-value-of-the-securities-is-7000-and

Question

Juan contributes marketable securities to a partnership. The book value of the securities is $\$ 7,000$ and they have a current market value of $\$ 10,000 .$ What amount should the partnership record in juan's Capital account due to this contribution?
A. $\$ 10,000$
B. $\$ 7,000$
C. $\$ 3,000$
D. none of the above

Puneet Prajapati · Accepted Answer

Okay. So people like Mr I didn&#x27;t see negative. Yeah, it is the maybe you think it&#x27;s allows the customer Cooper jays the set. Jay&#x27;s the sex in installed base subject. Don&#x27;t teaming being made. You mean shit. Okay, so be very day. Our example. Okay. However, I always write the combination off any concept. Okay, So you can refer the you can defend the concert for future reference. Okay? And for your back, a revision on So So now you think that&#x27;s understand? Digs up. Let&#x27;s suppose, Mr B. Yeah, he&#x27;s a very good person is willing to buy a house. Okay, is very cool. Buy a house, which is No, he goes to the bank. So how&#x27;s Waas work off? Let&#x27;s see $100,000. So Banks said how much gas you have in your hand or your bank deposits? So, Mr E Mr Research, I I do have one 10,000. So banks that okay, they will give you night $90,000. Okay, eyes and you. Okay. It means that if bank will be $90,000 to mystery, then bank bank will be able to recover $90,000 from history Also. So now that is, after that production, Mr A will become that. Oh, 90% that this 90,000 because 10% has been financed with only quickie off mystery. Okay, $10,000 been history percent over $100,000 and remaining 90% has been financed by bank. So bank will recover that. Come on from mystery. Okay, Mr Become that That off? Nine people saying off. But the house. Okay, so that is work the situation in bickering piece. So Louisville computing that amount of bickering is as we have $35,000 then 10% has been made as downstream it. Okay, so we have who paid nine d person with the tire of it. Okay, so the car dealer. So what? We have 31 $500. Okay, So what is that back matches with? Choice it. Okay, so this is the any truth. This is the final lots of however, before that, you need to understand the whole concept of financing agreement bordered by that, please understand the example that moved with them in solution. Okay. Otherwise, what will happen? You will get confused. So still other characteristic choices, that sort of ascension

Puneet Prajapati · Answer

Okay, So let&#x27;s understand the basic Akande equation. And from that we really did. I&#x27;ve our solution. So the basic accounting I wish it is Sex minus liabilities equals four. So this is the basic called in question. However, we will be needed to know that what I what type of elements we have in a search in laboratories and likewise iniquity. But before that they give, I will give you an example so that you could understand what is the little meaning? All of this definition, I suppose, is this message by meaning is the is the amount which is which a person is like to receive from any other person arising out off Any labels, financial coverage, like we have a business and we have received some amount like, let&#x27;s say, $1000 formal just from a customer dead $1000 will be considered, doesn&#x27;t a sect, and Vera&#x27;s in case of liabilities. Suppose we have a business and we have bought some material from any off our suppliers. Then if people buy some material from that supply, but we have not be the most yet, then such not paid among or the moon, which has not been paid yet will be considered as lab please. So let&#x27;s suppose we have BART material, but off $5 $500 and we have not being kept. Okay, so we see that out of the essence generated in our business, that is $1000. We have created 500 as liabilities that we have to pay of the lessons. So what is the amount which we actually we will be actually able to draw from the business from for our personal expenses or some other type of expenses, apart from an apart from old business? So what is that that just $500 very literally. This is the among. It&#x27;s like a take of it. Take away from business you can order down. This is very summarized form. Definition off. Take away from business after being 11 D&#x27;s. Okay? No, First of all, let&#x27;s now move to the our current problem. If let&#x27;s say we have a sex, we have equity given kisses $100,000. So the solution. So the current problem will be based on the accounting equation we have just wrong. So he via Evie, This is a sect. This is liability and This is victory. Okay, so when you got into motion, we have equity off $100,000. So what is the portion is implying, if that is equal to $100,000. So, Dr Bean, that we have a sex that is more. But that is more than liabilities. By $101,000 you can see it. $100,000 that is. Let&#x27;s suppose we have $200,000 of sex and 100 house enough celebrities. So, what do you see? What develops? Andi could level 100 windows. What if it does? Second choice? Well, liability exceed. We&#x27;re the liability. Exceeds equity, Bible lack. Then what will then what will it mean? You lack or $200,000 off liability. So they will be equally off Sid Ali, Because this is the first case. This is the first choice off the current problem. We have. We have sex One. How? $100,000 for the nobility site. Okay, so this is it. Correct. Actually, this is correct. But this this is not correct. It&#x27;s the second choice. And what we have in her choice. The third charges a busy one has six less liability. It was equally this is the second condition is known because when we are lingual well, lacto celebrity side, Landry decides it is becoming Polack. And when it is to like and who like minus full axe, I will give daughters heat off equity. But from other basic question. If it will add a sick and liabilities give give the amount of equity so it will come to three legs. It is just by replacing the minus and depressing. So we will give up. So we will get our third choice. Bye from the first choice. So it does not think it is. It is also not fact. So the 1st 1st question is correct. Okay, so you got it. Choice ISS A for problem 17 Please Picture First of all, you understand that fort is the basic cult in question. And then you will get to that Why? I have devised three types off questions to understand the problem In the first question, I have time. I have a word, Dad, if you have, let&#x27;s say first of all, we have to weigh, have equity. It could devalue us, lack leg dollars. So we have to turn it off by hand. Side of the question. Then give it as you let celebrities off. We have libraries are alike. Okay, then after that, in the first choice, we have been given that a sex site is more than liabilities amount by Violet. So when that plus one leg will be to lack of Essex, that is what happened. So you like minus a leg will give you like coffee quickly. So that is correct, actually going. But then we become second case. Then we will have to make lack of equity to do like because in the second choice of the caution, it has been given that we have to inflate of elaborate decide, never lack because never decide it&#x27;s more than he could decide. It could even knew. Bye. Well, so that is why I have had it with leprosy. Let disciple naked. Go back. Okay, so you lack initial who lack opposites six minus Polack off liberties will give you. But then will you when we will, Then we add you like off a sex plus initial level of liberties. In the third choice of the question, we will get the lap record images incorrect in our case because we have a leg. So that is why those choices Thank And that&#x27;s we have God as the currency. Thank you.

Puneet Prajapati · Answer

Okay, So, Mr the meaning, we&#x27;re working capital. Followed by that we will understand that little districts, Or does it wound and how we can derive it. And what is the actual in friends off looking? So it the force who does appropriate measures? Okay, Appropriate Major, which states that that which stands that how much off got into saves have bean financed with owner&#x27;s equity. Okay, so we have redundant technical definition. However, you can refer that definition definition after understanding that simply in clear example, that what is the actual meaning off working capital? So let&#x27;s suppose that first of all, most of all, we will write the formula for working capital. So legs like the formula for the capital. OK, so that will be our example as well as other formal. Let&#x27;s suppose you you have a business off selling for nature. Okay, we can say you have ah, business. All setting gardeners. Now you have sold some got names. Let me suppose $100 off. That means to your customers. And your customers are better addressed. But we sold. They promised the U $100 within convention. Okay, within one financial. Now what happened? You have agreed to the terms the customer s laid down in front of You know what happens to process such gardens you have purchased wrong with again from your supplier. You fought $72. You are also impressed with the customer off your supply. And you are Do you have promised your supply to pay $70 within one finishing Know what happens? This $100 home is the recoverable amount from West. But this $100 as that has been generated this $70 off liability. Okay, so this is a SEC weakens the garden district, and this is we&#x27;re in elaborately by current liability. My current dosage, because $100 is receivable from customers within one financial year only. Okay, so current as it is, the amount which are receivable within one financial okay and currently very pleased amount which is payable within one which has to be paid, represents entry to live in a one family. So we can understand from this from this equation $100 minus and impede on his back that forever the entity, whatever the entity will be receiving after subtracting $100 sandy notice from $100 will be didn&#x27;t net amount. That will be only by equally. Okay, so it belongs to, well, not active. Okay, that is understood. Okay, so we have form. Never form alone. So So So So this is the formula for working capital, that intersex my lister employability. Okay. And this is the $30 as answer that belongs to the owner. Okay, So out of $100 track $2 will belong to $70 well below the supplier who won&#x27;t be aperribay on in the current case. Also, we have current Essex off $100,000. Okay, ask that in visit. Thank current abilities on 42,000 donors. So on and on what we have in case overworking ability, looking capital that this $58,000. So the axe solution matches with Joyce D. Okay, However, you can write for time returned. So far, however, choice is the correct answer. So that&#x27;s all for this edition. Thank you.

Amy Jiang · Answer

So, given that we invest to drive in 500. So that&#x27;s our principal volume. And we invest this at a 7% compound, but seven isn&#x27;t great. So this is one plus 0.0 something. I want compound in quarterly. So that means the compound four times a year intensity. This is equal to date and for party. We want to find when, um t is equal to 3/4 years. So I&#x27;ll just play this into our equation and find May. So let&#x27;s see what we have times 3/4. So we see that this is equal to 26 Greek radiant. 260.56 on for part B. We want to know when she is equal to 15 years. So we&#x27;re just gonna play that again into our equation here. So times 15 years. So we, uh, 7079 pipe 70790.5 before

Ankit Gupta · Answer

assuming that Shawn receives X dollars. So in that case, therefore George receives X minus $3000. Then, according to the question, our equation will be X plus. X minus 3000 is equal to 10,000 which means to X minus 3000 is equal to 10,000. So adding 3000 on both sides will get two X as equal toe 13,000 on dividing both sides of the equation by dude. Then they get X as equal to 6500. So therefore, Sean receives X dollars, which is equal to $6500 on dhe. George receives $3000 less. Oh, so that is X minus 3000 which is $3500.

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Which one of the following would not be considere…

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Mitchell Franklin, Patty Graybeal, Dixon Cooper

Principles of Accounting Volume 1: Financial Accounting

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Principles of Accounting Volume 1: Financial Accounting

Mitchell Franklin, Patty Graybeal, Dixon CooperPrinciples of Accounting Volume 1: Financial Accounting

Mitchell Franklin, Patty Graybeal, Dixon Cooper

Principles of Accounting Volume 1: Financial Accounting