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A partnership has the following account balances: Cash, $74,000; Other Assets, $560,000; Liabilities, $265,000; Nixon (50% of profits and losses), $175,000; Cleveland (30%), $120,000; Pierce (20%), $74,000. The company liquidates, and $15,500 becomes available to the partners. Who gets the $15,500?
Bill obtained a new job in boston. He incurred the following moving expenses transportation of household goods and personal effects 2600. assuming bill is entitled to deduct moving expenses, what is the amount of the deduction
the following information about the payroll for the week ended december 30 was obtained from the records of qualitech
journal entry to show the effect of sales.unearned revenues - ticket sales. kirkland theatre sells seasons tickets for
A quick ratio that is about equal to the current ratio indicates that
Is there a way to get a reference to go by to know how to answer the ratio questions off of the assignment of the jcpennys and kohls 10K? Understand the formulas just not the jargon that is on the 10K to compare with my text.
question taxes are 35 percent of pretax income and are paid in the quarter incurred. 50 percent of sales are collected
The first payment is $300 and each successive payment will increase by a constant dollar amount x. How much is the constant amount x? How much is the 48th payment?
assume sam sell 2500 books on account for 11 each cost these book is 16500 on 10th october 2012. one hundred of these
barrington bears bb has developed the subsequent sales forecasts for the next few months january 500 february 600 march
Woodpecker Co. has $296,000 in accounts receivable on January 1. Budgeted sales for January are $860,000. Woodpecker Co. expects to sell 20% of its merchandise for cash. Of the remaining 80% of sales on account, 75% are expected to be collected in th..
Prepare a segmented income statement for Sparky Electrical Services that highlights - profitability/performance of the three divisions and the divisional managers.
question lee corporation is an american company that started operations on january 1 2004. it has just completed its
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