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Accounting for the admission of a new partner East and Hunter have partner capital balances of $227,000 and $173,000, respectively. East gets 70% of profits and losses, and Hunter gets 30%. Assume Power invests $100,000 to acquire a 25% interest in the new partnership of East Hunter. Requirements 1. Calculate Power's capital in the new partnership. 2. Journalize the partnership's receipt of cash from Power.
ok state corporation has been operating successfully for several years. it is authorized to issue 24000 shares of
red sox company has the following sales of land and cash collectionsin 2010 there was the sale of bux land for 3000000
The bonds were issued for $817,860 cash, which provided the holders an annual yield of 8%. What is the amount of the semi-annual interest expense?
molly jasper and her sister caitlin peters got into the novelties business almost by accident. molly a talented
cardinal paz corp. carries an account in its general ledger called investments which contained debits for investment
The budgeted variable manufacturing overhead rate is $4 per direct labor-hour. During July, the company incurred $39,100 in variable manufacturing overhead cost. Compute the variable overhead spending and efficiency variances for the month.
What percentage increase in sales would enable the company to reach its goal? Support your answer with a pro forma income statement.
Discuss fully the accounting treatment and disclosures that should be accorded the casualty and related contingent losses in the financial statements dated December 31, 2003.
Listed below are 12 internal control procedures or requirements for the expenditure cycle (purchasing, payroll, accounts payable, and cash disbursements) of a manufacturing enterprise. For each of the following, identify the error or misstatem..
Watson uses four units of direct material in each finished unit. The direct material price has been stable and is expected to remain so over the next six months.
find the ratio of the fluxion of 1x using newtons synthetic method of
On April 1, 2014, Rasheed Company assigns $400,000 of its accounts receivable to the Third National Bank as collateral for a $200,000 loan due July 1, 2014. The assignment agreement calls for Rasheed Company to continue to collect the receivab..
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