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A,B,C and D were partners sharing profits in the ratio of 2:1:3:4. B retires and his share is aquired by A and C in the ratio of 4:1.Calculate the new ratio and the gaining ratio.
Explain how the rules concerning stock ownership apply to partners and professional staff. Give an example of when stock ownership would be prohibited for each.
Calculate the return on equity from the information - Henry's return on common stockholder's equity, rounded to the nearest percentage point, for 2007
Describe the audit steps that generally would be followed in establishing the propriety of the recorded liability for federal income taxes of a corporation you are auditing for the first time.
If Congress reenacts additional first-year depreciation for 2011, Nora elects not to take additional first-year depreciation. Find out the cost recovery recapture and the cost recovery deduction for 2012.
Houghton company has the following items: common stock, $900,000; treasury stock, $105,000; deferred taxes, $125,000 and retained earnings, $390,000. Illustrate what total amount should Houghton Company report as stockholders' equity?
No other changes to stockholders’ equity occurred during the year. Determine dollar amount of dividends declared by the company during the year.
A machine costs $700,000 and is expected to yield an after-tax net income of $30,000 each year. Management predicts this machine has a 11-year service life and a $140,000 salvage value, and it uses straight-line depreciation.
Evaluate total manufacturing overhead for the year
Analyze the fine points of portfolio theory and determine which single point is the most difficult for investors to understand, and then explain it in a way that your grandmother would understand (assuming she is not a financial analyst).
Evaluate the exponentially smoothed forecast of calls for each week. Suppose an initial forecast of 50 calls in the first week and use smoothing constant for forecasts=0.1 evaluate is the forecast for the 25th week?
Identify some budgeting issues including format, and budget monitoring and What must happen in order for the company to succeed?
Evaluate the amount of cash receipts for March, April and May and evaluate the amount of cash disbursements for March, April and May.
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