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1. Lynn Doyle is the owner and operator of Star LLC, a motivational consulting business. At the end of its accounting period, December 31, 2009, Star has assets of $750,000 and liabilities of $293,000. Using the accounting equation, determine the following amounts:
a. Owner's equity, as of December 31, 2009.
b. Owner's equity, as of December 31, 2010, assuming that assets increased by $75,000 and liabilities decreased by $30,000 during 2010.
Describe wether you agree that capitaliztion of the tooling supplies is the preferable method of accounting for Auto parts ,Inc.
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The company has total assets of $104,912.112 and shareholders' equity of $43,623,445. Use the extended DuPont identity to find the return on assets and return on equity for the firm.
the theatre arts guild of miami employs five people in its production department. these people layout paget for
May Inc., has one shareholder,Paula, whose basis in May's stock was $100,000 on 1/1/10. During 2010, May distributed $300,000 to Paula. What is the amount of the distribution that would be treated as a dividend by Paula?
Analyze the risks in the systems that your team analyzed. Identify all risks and internal control points by incorporating the controls and risks into the flowcharts.
golf glider makes gasoline-powered golf carts. the selling price is 5000 each and costs are as followsgolf gliders
With regard to double taxation, distributions, and the treatment of the losses, general partnerships are most like
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