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1. A partnership showed th following balances: sales, 70 000; cost of sales. 40 000; operating expenses, 10 000; partners' salaries, 13 000; interest paid to banks, 2 000 and partners' drawings, 8 000. The partnership profit is?
The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 40,000 shares were originally issued and 5,000 were subsequently reacquired. What is the number of shares outstanding?
throughout the corporate world businesses are transforming labor into a more flexible and variable cost. among such
The first general standard of the PCAOB requires that an audit be performed by which type of person?
There were no sales from Pot to Skillet.Intra-entity sales had the same markup as sales to outsiders. Pot still had40% of the intra-entity sales as inventory at the end of 2011. What areconsolidated sales and cost of goods sold for 2011?
Compute the average annual cash inflows
An example of how to calculate the tax liability using the tax rate table and the tax rate formula for a taxpayer with taxable income of $55,000, filing status married filing jointly.
what are some advantages and disadvantages of delegation? why do some managers choose not to delegate? what has been
During the fiscal year, the general fund of Phoenix City was legally required to transfer $80,000 to the debt service fund. Only $60,000 was transferred.
your client keith moreland leasing company is preparing a contract to lease a machine to souvenirs corporation for a
1. discuss the nature of accounting misstatements and the implication of each to fair presentation of the financial
present and future value of an uneven cash flow stream an investment will pay 100 at the end of each of the next 3
a) If the wheat price drops to $3 per bushel tomorrow, what will be his wealth? b) Suppose the August futures contract matures in exactly 3 months from today, what should be the futures price today and tomorrow?
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