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Bob and Jim formed a partnership, investing $750,000 and $220,000 respectively. The partnership agreement calls for a return of 6% interest on their original investment, Bob is to have a salary of $80,000 per year, Jim is to have a salary of $120,000 and the rest is divided into the 2:1 ratio. Determine the income distribution if the net income of the partnership for the year is $650,000?
problem v - 20 points klingon company operates a free cafeteria for the benefit of its employees. budgeted and actual
Host Corporation is authorized to issue 800,000 shares of $7 par value common stock. During 2010, its first year of operation, the company has the following stock transactions.
gore manufacturing incurred the following costs during the year direct materials 24 per unit direct labor 15 per unit
cash flows during the first year of operations for the harman-kardon consulting company were as follows cash collected
waldum company purchased packaging equipment on january 5 2012 for 135000. the equipment was expected to have a useful
cash investments made by stockholders in exchange for capital stock in a business are reported on the cash flows in
What industries do you think have the hardest time estimating warranty costs?
performance castings inc. casts blades for turbine engines. within the casting department alloy is first melted in a
Declared and paid a dividend to all shareholders. In which section of the cash flow statement will this action appear for both Ryan Corp. and Anna Corp?
Bob and Carl transfer property to Stone Corporation for 90% and 10% of Stone Stock, respectively. Pursuant to a biding agreement concluded before the transfer, Bob sells half of his stock to Carl.
To what extent may a corporation accumulate earnings for the reasonable needs of a related corporation?
Compute for the inventory turnover ratio and days in inventory- hat conclusions concerning the management of the inventory can be drawn from these data?
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