RD Formed a Partnership on February 10,2009

question 51

Multiple Choice

RD formed a partnership on February 10,2009.R contributed cash of $150,000,while D contributed inventory with a fair value of $120,000.Due to R's expertise in selling,D agreed that R should have 60 percent of the total capital of the partnership.R and D agreed to recognize goodwill.What is the total capital of the RD partnership and the capital balance of R after the goodwill is recognized?

• A)Option A
• B)Option B
• C)Option C
• D)Option D

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Definitions:

Longest Time

The maximum duration taken to complete a specific task or set of tasks within a project or process.

PERT Project

Program Evaluation and Review Technique, a project management tool used to plan, schedule, and control complex projects.

Expected Completion

An estimated time or date by which a project, task, or operation is predicted to be finished, taking into account various factors affecting its progress.

Duration Variance

A measure used in project management to quantify the difference between the planned and actual duration of project activities.