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Coburn (beginning capital, $62,500) and Webb (beginning capital $90,100) are partners. During 2014, the partnership earned net income of $67,800, and Coburn made drawings of $17,350 while Webb made drawings of $22,330.
Assume the partnership income-sharing agreement calls for income to be divided with a salary of $40,600 to Coburn and $35,700 to Webb, interest of 10% on beginning capital, and the remainder divided 50%-50%. Prepare the journal entry to record the allocation of net income.
Globalization was welcomed around the world at the beginning of the 1990s. Different trade theories were used to explain benefits of free trade and market liberalization. However, by the end of the twentieth century, voices of discontent were begi..
returns and standard deviations lo 1 2consider the following informationrate of return if state occursstate
Develop flowcharts of a business process using traditional flowcharting techniques as well as data flow diagram.
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The problem relates to Accounting and it discusses about what increases the final number of notes payables in pro forma balance sheet
brent owns beck trucking. seven years ago he purchased a large-capacity dump truck for 115000 to provide short-haul
if year 1 equals 1400 year 2 equals 1554 and year 3 equals 1750 the index number to be assigned for year 3 in trend
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Explain the difference between defined contribution and defined benefit pension plans. Defined contribution plans are becoming much more popular vs. defined benefit plans. Why is this?
on december 31 2012 flint corporation sold for 100000 an old machine having an original cost of 180000 and a book value
using 2419000 as the total manufacturing costs compute the cost of goods manufactured using the following
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