微观经济学accountingforpartnerships(编辑修改稿)

微观经济学accountingforpartnerships(编辑修改稿)内容摘要：

stern Sydney 27 Purchase of a partner’s interest continued – Entry to record admission of Cox • Each partner will give up $10 000 (1/3 x $30 000) PowerPoint presentation by Dr Anne Abraham, University of Western Sydney 28 C. Adler, Capital 10 000 D. Barker, Capital 10 000 L. Cox, Capital 20 000 (To record admission of Cox by purchase) Purchase of a partner’s interest continued – Ledger balances after purchase of partners’ interest PowerPoint presentation by Dr Anne Abraham, University of Western Sydney 29 D. Barker, Capital 10 000 30 000 Bal. 20 000 Net Assets 60 000 C. Adler, Capital 10 000 30 000 Bal. 20 000 L. Cox, Capital 20 000 Investment of assets in a partnership • When a partner is admitted by investment, both the total assets and the total partnership capital change • When the new partner’s investment differs from the capital equity acquired, the difference is considered a bonus either to: 1. The existing (old) partners or 2. The new partner PowerPoint presentation by Dr Anne Abraham, University of Western Sydney 30 Investment of assets in a partnership continued • Example – Cox invests $30 000 cash in the AdlerBarker partnership for a 1/3 capital balance – Journal entry to record admission PowerPoint presentation by Dr Anne Abraham, University of Western Sydney 31 Cash 30 000 L. Cox, Capital 30 000 (To record admission of Cox by investment) Investment of assets in a partnership continued – Ledger balances after investment of assets PowerPoint presentation by Dr Anne Abraham, University of Western Sydney 32 C. Adler, Capital 30 000 D. Barker, Capital 30 000 L. Cox, Capital 30 000 Net Assets 60 000 30 000 Bal. 90 000 Investment of assets in a partnership continued Bonus to old partners • Results when new partner’s investment in the firm is greater than the capital credit on the date of admittance • Example – Boyd and Chan with total capital of $120 000 agree to admit Dante to the partnership – Dante acquires a 25% ownership interest by making a cash investment of $80 000 – Current profit sharing ratio is Boyd 60% and Chan 40% PowerPoint presentation by Dr Anne Abraham, University of Western Sydney 33 Investment of assets in a partnership continued • Steps in determining bonus 1 Determine the total capital of the new partnership • New partner’s investment + capital of the old partnership • $120 000 + $80 000 = $200 000 2 Determine the new partner’s capital credit • Multiply the total capital of the new partnership by the new partner’s ownership interest • $200 000 x 25% = $50 000 PowerPoint presentation by Dr Anne Abraham, University of Western Sydney 34 Investment of assets in a partnership continued 3 Determine the amount of bonus • Subtract the new partner’s capital credit from the new partner’s investment • $80 000 $50 000 = $30 000 4 Allocate the bonus to the old partners on the basis of their ine ratios • Boyd: $30 000 x 60% = $18 000 • Chan: $30 000 x 40% = $12 000 PowerPoint presentation by Dr Anne Abraham, University of Western Sydney 35 Investment of assets in a partnership continued – Entry to record admission of Dante PowerPoint presentation by Dr Anne Abraham, University of Western Sydney 36 Cash 80 000 S. Boyd, Capital 18 000 T. Chan, Capital 12 000 L. Dante, Capital 50 000 (To record admission of Dante and bonus to old partners) Investment of assets in a partnership continued Bonus to new partner • Results when the new partner’s investment is less than his or her capital credit in the firm • Capital balances of the old partners are decreased based on their ine ratios before the admission of the new partner PowerPoint presentation by Dr Anne Abraham, University of Western Sydney 37 Investment of assets in a partnership continued • Example – Dante invests $20 000 cash for 25% ownership – Calculation of bonus by 4 steps PowerPoint presentation by Dr Anne Abraham, University of Western Sydney 38 1. Total capital of BoydChan partnership $120 000 Investment by new partner, Dante 20 000 Total capital of new partnership $140 000 2. Dante’s capital credit (25% x $140 000) $ 35 000 3. Bonus to Dante ($35 000 $20 000) $ 15 000 4. Allocation of bonus to old partners: Boyd ($15 000 x 60%) $9000 Chan ($15 000 x 40%) $6000 $ 15 000 Investment of assets in a partnership continued – Entry to record admission of Dante PowerPoint presentation by Dr Anne Abraham, University of Western Sydney 39 Cash 20 000 S. Boyd, Capital 9 000 T. Chan, Capital 6 000 L. Dante, Capital 35 000 (To record admission of Dante and bonus) WITHDRAWAL OF A PARTNER • A partner may withdraw … – Voluntarily selling his or her equity – Involuntarily by reaching mandatory retirement age or by dying • Withdrawal of a partner may be acplished by – Payment from remaining partners’ personal assets, or – Payment from partnership assets PowerPoint presentation by Dr Anne Abraham, University of Western Sydney 40。