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Jordan, Kyle, and Noah have equities in a partnership of $100,000, $160,000, and $140,000, respectively, and share income and losses in a ratio of 5:3:2, respectively. The partners have agreed to admit Billy to the partnership. Prepare entries in journal form without explanations to record the admission of Billy to the partnership under each of the following assumptions:
a. Billy invests $80,000 for a 25 percent interest, and a bonus is recorded for Billy.
b. Billy invests $160,000 for a one-fifth interest, and a bonus is recorded for the old partners.
What is the probability the selected employee is a production worker? What is the probability the selected employee is either a production worker or a supervisor? Refer to part (b). Are these events mutually exclusive?
serta carpet which manufactures carpet incurred the following costs for march when 2600 yards of carpet were produced
Patti deposits $1,500 into an account that pays 12% interest compounded quarterly. How much will Patti have in the account in 4 years?
as the representative from your accounting firm or practice you are in charge of stock market analysis that will be
(c) Prepare the journal entry on Mann's books to record the settlement of his debt. (d) Prepare the journal entry on Doran's books to record the settlement of the receivable.
What is the amount and character of Winchester's gains and losses before the 1231 netting process?
dinkel manufacturing corporation accumulates the following data relative to jobs started and finished during the month
Compute operating income for April, May and June under variable costing
Determine the balance sheet inventory carrying value at December 31, 2013, assuming the LCM rule is applied to individual products.
Battle Tank, Inc. had net sales in 2004 of $1,200,000. At December 31, 2004, before adjusting entries, the balances in selected accounts were: Accounts Receivable $250,000 debit, and Allowance for Doubtful Accounts $2,100 credit.
The out-of-pocket expenses incurred by Security Brokers in the design and distribution of the issue were $300,000. What profit or loss would Security Brokers incur if the issue were sold to the public at an average price of:
kerry corp purchased a used bottling machine from bobs bottling inc. on jan 1 2012 for 900000. bob accounted for the
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