| | | None of the answers is correct The Tim-Tam-Tom partnership has the following capital balances and profit and loss allocation: Tim (30% of gains and losses) 100,000 Tam (20%) 150,000 Tom (50%) 200,000 Tem invests $300,000 in cash, paid to the partnership, for a 20% ownership stake. Using the Bonus method, after the transaction what is Tams capital balance? | | | 180,000 | | | | 300,000 | | | | 192,000 | | | | 150,000 | | | | None of the answers is correct The Tim-Tam-Tom partnership has the following capital balances and profit and loss allocation: Tim (30% of gains and losses) 100,000 Tam (20%) 150,000 Tom (50%) 200,000 Tem invests $200,000 in cash, paid to the original partners, for a 20% ownership stake. Using the Goodwill method, what are the goodwill amount to be recognized and Tims capital balance, respectively? | | | 550,000; 200,000; | | | | 550,000; 265,000; | | | | 350,000; 205,000; | | | | 350,000; 265,000; | | | | None of the answers is correct The Tim-Tam-Tom partnership has the following capital balances and profit and loss allocation: Tim (30% of gains and losses) 100,000 Tam (20%) 150,000 Tom (50%) 200,000 Tem invests $250,000 in cash, paid to the original partners, for a 20% ownership stake. Using the bonus method, after the transaction what is Toms capital balance? | | | 180,000 | | | | 250,000 | | | | 255,000 | | | | 280,000 | | | | None of the answers is correct | | | |
