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Candance Hassell and Abby Lawson formed a partnership investing 240000 and 80000 respectively. Determine their participation in the year's net income of 200000 under each of the following independent assumptions: divided in their ratio of original capital investment. How I get the original ratio?
harley davidson sells motorcycle x and y. motorcycle x sells for 10000 has variable cost labor and material of 2000 and
Discuss the major types of fraud you might find in auditing the financial statements of a client.What conditions are generally present, how should the auditor assess the risk or fraud, what steps if any should the auditor take when he suspects fra..
equipment of 430 million and other assets totaling 170 million. current liabilities are 170 million and long-term
1 a sales discount correctly taken by the charge customer was debited to sales at the time the entry was recorded. this
You are at a company picnic and the company president starts a conversation with you. The president says, "Since we use the perpetual inventory system, there is no reason to take a physical count of our inventory." What is your response to the pre..
An investor owns a call option on bond X with a strike price of 100. The coupon rate on bond X is 9% and has 10 years to maturity. The call option expires today at a time when bond X is selling to yield 8%. Should the investor exercise the call op..
1. why should interested parties thoroughly review an organizations financial statements?2. why are
partners w x y and z form the ace partnership contributing the followinginterestbasisfmvliabilityw40prop.
Evaluate and summarize the differences between International Financial Reporting Standards (IFRS) and U.S. Generally Accepted Accounting Principles (GAAP). Why is this important? How will it be implemented? How are these standards regulated? Who r..
assume that you open a 100 share short position in jiffy inc. common stock at the bid-ask prices of 32.00 - 32.50. when
Sampson Company's accounting records show the following for the year ending on December 31, 2010. Using the periodic system, the cost of goods purchased is?
Whiteside corporation issues $521,000 of 9% bonds, due in 11 years, with interest payable semiannually. At the time of issue, the annual market rate for such bonds is 10%, Compute the issue price of the bonds.
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