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Barbara Ripley and Fred Nichols decide to organize the ALL-Star partnership. Ripley invests $15,000 cash, and Nichols contributes $10,000 cash and equipment having a book value of $3,500. Prepare the entry to record Nichols"s investment in the partnership, assuming the equipment has a fair value of $4,000.
Should the Brinkers accept this offer right away? What quantitative factors and what operational, qualitative or strategic factors should Five-speed and Wilbur take into account in making this decision?
why does the combined total of individual account torelable misstatement commonly exceed the estimate of planning materiality. why might certain trial balance amounts be projected when considering planning materiality
Discuss the actions and behaviour of Mr James W. Bend as a director and shareholder of World-wide Workers (Pty) Ltd, and identify, with reasons - Evaluate the management incentive scheme for the executive directors of World-wide Workers
The following is the unadjusted trial balance for James Trading Pty Ltd as at the close of the financial year ended 30 June 2011. In addition the following entries had not been applied to the general ledger.
James Company has a margin of safety percentage of 20% based on its actual sales. The break-even point is $200,000 and the variable expenses are 45% sales.
What controls are present in this stage of handling cash receipts? What steps could be taken regularly by the manager or other supervisor to provide maximum effectiveness to these controls?
Should this be the sole criterion to be used in classifying investment securities? Explain why should investment securities even be separated into different classifications? Why not just treat them all the same so you would not have to worry about..
designer fads company a local retail clothing store was established april 1 2014. the company issued 8500 shares of 10
how the numbers are "expressed" in the CAFR. If the number is "expressed in thousands", make sure you add three zeros (",000") to your answer). Illustrate what is the net change in Construction in Progress from 2010 to 2011?
Management is considering a project with sales of $100,000, variable expenses of $60,000, fixed costs of $40,000; and an asset investment of $150,000. Should management accept this new project?
Bryant is trying to prepare monthly financial statements. Below is some information related to unrecorded expenses that the business incurred during August.
The term "leverage" is used in both finance and accounting. Compare and contrast what leverage means in managerial accounting (operating leverage) vs. what it means in the finance world (financial leverage). How are the concepts different? How are..
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