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Question - RD formed a partnership on February 10, 20X9. R contributed cash of $150,000, while D contributed inventory with a fair value of $120,000. Due to R's expertise in selling, D agreed that R should have 60 percent of the total capital of the partnership. R and D agreed to recognize goodwill.
What is the total capital of the RD partnership and the capital balance of R after the goodwill is recognized?
Vilas Company is considering a capital investment of $190,100, Compute the annual rate of return on the proposed capital expenditure
Parrett Corp. acquired one hundred percent of Jones Inc. on January 1, 2009, at a price in excess of the subsidiary's fair value. On that date, Parrett's equipment (ten-year life) had a book value of $360,000 but a fair value of $480,000.
The Bird Toy Company manufactures a line of dolls and a doll dress sewing kit. Demand for the dolls is increasing, and management requests assistance from you in determining an economical sales and production mix for the coming year.
What are the three main divisions if any manufacturing business?- who takes charge of each division and what employees would be needed to work in each division?
A U.S firm carried a receivable for $400,000 yen. Assuming that the direct exchange rate declined from $.009 at the date of the transaction to $.006.
Determine pension expense for the year. Prepare the journal entries to record pension expense and funding for the year.
Calculate predetermined OH rate and determine the unit product cost for Tablets and Books using the traditional costing system.
Assume the total effective tax rate on all items is 34%. Prepare multiple-step income statement; 100,400 shares of common stock were outstanding during the year
How much deduction will Slim Fast Corporation be able to take as organizational expenditures for 2015?
For the longest time, companies offered the employees who stayed with the company for many years a defined pension plan for to help them retire when it was time. That time has since passed and companies now offer a defined contribution plan instea..
On June 30, 2009, half the bonds were converted when Blair's common stock had a market price of $30 per share. What journal entry should Blair make record when recording the conversion?
exotic aroma company buys bulk flowers and processes them into perfumes in a two-stage process. its highest-grade
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