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Fundamentals of Advanced Accounting: (Check Figures For Multiple Choice Questions Not Provided.)

This document provides key figures and values for selected problems from Chapter 9 of the textbook "Fundamentals of Advanced Accounting" by Hoyle/Schaefer/Doupnik. It lists capital account balances, investment amounts, income allocations, bonuses, goodwill values, and other pertinent financial data for 31 separate practice problems in the chapter.

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74 views1 page

Fundamentals of Advanced Accounting: (Check Figures For Multiple Choice Questions Not Provided.)

This document provides key figures and values for selected problems from Chapter 9 of the textbook "Fundamentals of Advanced Accounting" by Hoyle/Schaefer/Doupnik. It lists capital account balances, investment amounts, income allocations, bonuses, goodwill values, and other pertinent financial data for 31 separate practice problems in the chapter.

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libraolrack
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Fundamentals of Advanced Accounting

Fifth Edition
by
Hoyle/Schaefer/Doupnik
Key Figures in Selected Problems
(Check figures for multiple choice questions not provided.)
CHAPTER 9
P9-17:

(a) Goodwill to Hamlet = $7,000


(b) Bonus to MacBeth = $1,200

P9-18:

(a) Sergio, Capital = $75,000


(b) Sergio, Capital = $65,000
(c) Sergio, Capital = $72,000

P9-19:

(a) Nixon, Capital = $200,000


(b) Nixon, Capital = $199,000

P9-20:

(b) Income allocation to Pack = $12,160

P9-21:

Income assignment to Lane = $39,000

P9-22:

Income allocation to Purkerson = $8,600

P9-23:

Left, Capital at December 31, 2013 = $4,766

P9-24:

Adams, Capital = $235,000

P9-25:

Bonus to OToole from Matteson = $4,500


Bonus to OToole from Richton = $7,500

P9-26:

Income allocation to Page = $11,000


Bonus paid by Smith to original partners = $11,000

P9-27:

(a) Es investment = $90,000


(b) B, Capital = $45,400

P9-28:

2012 income allocation to Boswell = $11,040


Boswells capital, 12/31/13 = $65,734

P9-29:

Monets investment = $168,700


2012 income allocation to Gray = $4,684

P9-30:

(a)
(b)
(c)
(d)

P9-31:

Payment to Postner on 1/1/14 = $37,290


ODonnells capital balance 12/31/12 = $106,600
ODonnells capital balance 12/31/13 = $119,739

Credit to DArtagnan, Capital = $35,000


Goodwill = $50,000
Credit to DArtagnan, Capital = $23,000
Credit to DArtagnan, Capital = $30,000

9-1

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