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Charles retired as a partner from Adam & Co two years ago. The firm has carried on business under the two remaining partners Adam and Bernard. Three months ago Adam and Bernard ordered new office equipment using old notepaper bearing the names of all three partners. The firm is unable to pay the supplier who is threatening to sue Charles for the amount owing.
Explain the legal position to Charles, bearing in mind that, as its name indicates, Adam & Co is an unlimited partnership.
Assuming that the spot rate in 90 days is $.71, what is the net amount paid, assuming FAB wishes to minimize its cost?
elise age 20 is a full time college student with earned income from wages of 4400 and interest income of 500. elises
maxim produces kitchen tools and operates several divisions as profit centers. north division produces a product that
On December 31, Year 5, Tasha sold the property for $102,000, after having taken $47,525 in MACRS depreciation deductions. What is the realized gain, recognized gain and character (1231 (capital) v. ordinary)?
when the allowance method of recognizing bad debt expense is used the entry to record the write off of a specific
What is XBRL? How will it effect financial reporting? Please Explain. What are the main types of accounting software used in a restaurant setting or organization? What are the benefits and limitations of this software? Please Explain.
Discuss the effect that this event will have on the company's financial statements - Data Technologies provides maintenance service for computers and office equipment for companies throughout the Northeast.
The variable costs were $350000 and the net profits were $100000. Administration has directed management to double profits in the next year. Assignment: Determine the Number of lollipops that must be sold to reach this target.
How much should the town report as property tax revenue in its General Fund statements for the year 2009?
Name the AICPA Services Trust Principles five operations risks? Why are these risks greater for ERP systems than for other IT systems? The five areas of operations risks are as follows
if there is a 20 chance we will get a 16 return a 30 chance of getting a 14 return a 40 chance of getting a 12 return
depreciation continues to be one of the most controversial difficult and important problem areas in
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