Page 24 - Demo

%u062c%u0645%u064a%u0639 %u0627%u0644%u062d%u0642%u0648%u0642 %u0645%u062d%u0641%u0648%u0638%u0629 %u0640 %u0627%u0625%u0644%u0639%u062a%u062f%u0627%u0621 %u0639%u0644%u0649 %u062d%u0642 %u0627%u0644%u0645%u0624%u0644%u0641 24 %u0628%u0627%u0644%u0646%u0633%u062e %u0623%u0648 %u0627%u0644%u0637%u0628%u0627%u0639%u0629 %u064a%u0639%u0631%u0636 %u0641%u0627%u0639%u0644%u0647 %u0644%u0644%u0645%u0633%u0627%u0626%u0644%u0629 %u0627%u0644%u0642%u0627%u0646%u0648%u0646%u064a%u062913- If the capital share assigned to Partner C is $60,000 and there is no agreement to settle any difference in Cash, then the complementary (if any) in the formation journal entry will be:A) Cash Debit by $10,000B) Cash Credit by $10,000C) Goodwill Debit by $10,000D) Revaluation Reserve Credit by $10,000E) None of the above14- If the capital share assigned to Partner C is $60,000 and the partners agreed to settle any difference in Cash, then the complementary (if any) in the formation journal entry will be:A) Cash Debit by $10,000B) Cash Credit by $10,000C) Goodwill Debit by $10,000D) Revaluation Reserve Credit by $10,000E) None of the aboveUse the following information to solve problems from 15 to 21:Assume that, on January 1, 2020, Partners (A & B) started their partnership. A%u2019s share in capital is $20,000 to be paid in cash. B%u2019s share in capital is to be paid by presenting his building, which he had purchased 2 years ago with a Cost of $100,000 and Net Book Value of $90,000, knowing that its Market Value is $120,000 & this building is subject to mortgage payable of $10,000.15- If the share in Capital of Partner B is equal to his net assets contributed. Then the total capital of the whole partnership will be equal to: A) $20,000 B) $110,000 C) $130,000 D) $160,000 E) None of the above16- If the share in Capital of Partner B is more than his net assets contributed, by $30,000. Then the total capital of the whole partnership will be equal to: A) $20,000 B) $110,000 C) $130,000 D) $160,000 E) None of the above17- If the share in Capital of Partner B is less than his net assets contributed, by $30,000. Then the total capital of the whole partnership will be equal to: A) $20,000 B) $110,000 C) $130,000 D) $160,000 E) None of the above18- If the capital share assigned to Partner B is $150,000 and there is no agreement to settle any difference in Cash, then the complementary (if any) in the formation journal entry is:A) Cash Debit by $40,000B) Cash Credit by $40,000C) Goodwill Debit by $40,000D) Revaluation Reserve Credit by $40,000E) None of the above19- If the capital share assigned to Partner B is $150,000 and the partners agreed to settle any difference in cash, then the complementary (if any) in the formation journal entry will be:A) Cash Debit by $40,000B) Cash Credit by $40,000C) Goodwill Debit by $40,000D) Revaluation Reserve Credit by $40,000E) None of the above22