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A,B,C and D are partners sharing profits in the ratio of 3:4:3:2 . On the retirement of C,the goodwill was valued at Rs.60,000. A,B,C,D adecide to share future profits equally. Pass jorunal without opening goodwill ac.
which of the following aspects of a company would not be considered a critical success factor for a company that
in the month of june jose heberts beauty salon gave 4000 haircuts shampoos and permanents at an average price of 30.
On numerous occasions, proposals have surfaced to put the federal government on the accrual basis of accounting. This is no small issue. If this basis were used, it would mean that billions in unrecorded liabilities would have to be booked, and th..
Peter Kalle Company had the following account balances at year-end: cost of goods sold $55,243; merchandise inventory $15,153; operating expenses $29,503; sales $105,181; sales discounts $1,273; and sales returns and allowances $1,546. A physical ..
In Kirk's December 31, 2010 financial statements, for which the auditor's fieldwork was completed in April 2011, how should this casualty be reported?
b comp. uses a job costing system. the following cost data are available from the books for the year ended 31st
one for $1,500 which represents a collection of an account receivable that the bank made for Osborn and one for $70 which represents the amount of interest that Osborn had earned on its interest-bearing checking account in June. Based on this info..
On August 1, 2011, Lane Corporation called its 10% convertible bonds for conversion. The $8,000,000 par bonds were converted into 320,000 shares of $20 par common stock. On August 1, there was $700,000 of unamortized premium applicable to the bond..
us gaap follows the historical cost concept in valuing the cost of long-term assets. explain this principle and how it
An assessment made by the city for pavement was $6,400. Interest costs during construction were $170,000.
blanton corporation purchased 35 of the outstanding shares of common stock of worton corporation as a long-term
How do the provisions of SFAS No. 123(R) differ from the bill introduced by members of Congress (Dreier and Eshoo), which would require expensing for options issued to only the top five officers in a company? Which approach do you think would res..
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