Joey and Legoria have capital balances of $50,000 and $30,000 and share income in a ratio of 3:2, respectively. Record the admission of Peter Parker for each of the following six independent situations: a. Peter Parker invests the amount required for a 20% interest if no goodwill or bonus is recorded.
b. Peter Parker purchases a 30% interest by paying Joey $22,000 and Legoria $14,000.
c. Peter Parker invests $25,000 for a 20% interest and goodwill is recorded.
d. Peter Parker invests $18,000 for a 20% interest because inventory is overvalued.
e. Peter Parker invests $18,000 for a 20% interest and goodwill is recorded.

How are interest rates calculated by financial institutions? financial institutions generally calculate interest as (1) interest or (.

Acollege registrar's office requires you to first visit with one of three advisors and then with one of two financial professionals. this system best described as which of the following? a. single server, single phase systemb. multiple server multiphase systemc. multiple server, cross phase systemd. single server, multiphase systeme. multiple server, single phase system

Which of the following statements is correct? a major disadvantage of a partnership relative to a corporation is the fact that federal income taxes must be paid by the partners rather than by the firm itself. in a typical partnership, liability for other partners’ misdeeds is limited to the amount of a particular partner’s investment in the business.true in a limited partnership, the limited partners have voting control, while the general partner has operating control over the business, and the limited partners are individually responsible, on a pro rata basis, for the firm’s debts in the event of bankruptcy. partnerships have more difficulty attracting large amounts of capital than corporations because of such factors as unlimited liability, the need to reorganize when a partner dies, and the illiquidity of partnership interests.