Can anyone please help me answer these 2 questions! I just can't figure them out...


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Ian

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Please note that if you are looking for assistance with an exam-style question, you must attempt the question yourself before asking for help. You can then state the answer you have so far and explain which aspect you need help with. Anyone posting exam-style questions expecting the answer to be given to them will have their posts removed. Repeat offenders will be banned from the forum.
 
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for the 2nd question we keep missing non-cash-assets and beginning cash.... we’ve tried doing for a few hours but we just kept getting stuck on a wall...we tried using the answers to plug in as well but still nothing...we tried using algebra but when we use it, all answers become possible...
 

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For the first question, sfter adjusting the net incomes, we couldn’t understand how the aggregate of the 2 partners get so low when they start at around 180-220k already, the answers keep popping up as higher than the choices... furthermore, we were confused with the 20% to capital... if 20% of the income is moved to a new capital partner, does that leave 80% to the existing partners? If so their existing 180k, even if you remove the non-adjusted net income of 28k will be around 160k and then will return 80% of the adjusted one which will make around 175k.... We are very confused with how to go about the problem
 
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For the first question, sfter adjusting the net incomes, we couldn’t understand how the aggregate of the 2 partners get so low when they start at around 180-220k already, the answers keep popping up as higher than the choices... furthermore, we were confused with the 20% to capital... if 20% of the income is moved to a new capital partner, does that leave 80% to the existing partners? If so their existing 180k, even if you remove the non-adjusted net income of 28k will be around 160k and then will return 80% of the adjusted one which will make around 175k.... We are very confused with how to go about the problem
 

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