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At the end of its first year of operations on December 31, 2012, LAD Company's accounts show the following. Partner Drawings Capital Rory Lachelle $23,000 $48,000 Andy Andoh 14,000 30,000 Francine Dalek 10,000 25,000 The capital balance represents each partner's initial capital investment. Therefore, net income or net loss for 2012 has not been closed to the partners' capital accounts. Journalize the entry to record the division of net income for the year 2012 under each of the following independent assumptions (3) Net income is $19,000. Each partner is allowed interest of 10% on beginning capital balances. Lachelle is given a $12,000 salary allowance. The remainder is shared equally.
namo inc. is preparing its budget for the second quarter. the following sales data have been forecasted april may june
a refrigerator used by a meat processor has a cost of 93750 an estimated residual value of 10000 and an estimated
Discuss a possible negative managerial scenario that the regional manager may be sensing. Might the manager of Store 9 be an exceptional manager? What are the ethical implications of the scenario?
The US treasury isn't the only issuer of bonds. Corporations also issue bonds that have future payment structures like U.S. Treasuries
roi and economic profit
What is the amount of the accrued liability for compensated absences that should be reported at December 31, 2005?
Use the accounting equation to show how Enron abused good accounting. Use a separate accounting equation to demonstrate WorldCom's error.
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A vacant lot acquired for $200,000, on which there is a balance owed of $120,000, is sold for $300,000 in cash. The seller pays the $120,000 owed. What is the effect of these transactions on the total amount of the seller's (1) assets, (2) liabili..
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Evaluate the evidence provided by the Apollo Shoes Case Study. Compose an audit report, which reflects the appropriate length, sections, and content for the provided information.
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