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th
thank you for your help.
Hi,
Q#10:
In this question u have to first work out how much x has to receive from business as a partner.
Capital for x = 240,000 (which he will receive)
Goodwill share of x= 50,000 * 3/5 = 30,000 (which he will receive)
So his total share is 240,000 + 30,000 = 270,000
Now its given that shares are issued as purchase consideration
200,000 * 1.60 = 320,000
this has to be divided equally b/w partners as directed in question. So 160,000 belongs to each partner.
Now total share of X = 270,000 out of which worth of shares he is getting is 160,000 so 270,000 - 160,000 = 110,000 will be paid in cash. (d)
Q# 26:
In this question first u have to find no. of units produced
Formula is:
Closing units + Sold units - opening units = units produced
Closing units & sold units are added because they are produced this year & opening is subtracted because they are brought forward from previous year.
Now values
3500 + 13100 - 4000 = 12600
but this is only 90 % production as mentioned in question that 10% is lost. we have to find 100 % so
12600 = 90 % of full Production(X)
12600 = 90/100 * X
12600 * 100 / 90 = X
X = 14000 Units .
So total units produced are 14,000 but we have to find labor hours. One unit requires 4 labor hours so 14000 * 4 = 56000 (C)
Hope u understand ....
thank you for your help.