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Discussion 1
"Joint Ventures and Partnerships" Please respond to the following:
From the e-Activity, determine a significant factor that contributed to one joint venture's success and the other joint venture's failure. Suggest the most critical element that should be included in a joint venture agreement to ensure success.
Imagine you are consulting with three medical doctors who are considering starting either a general partnership or a limited partnership. Suggest the most compelling reasons why the doctors should create a limited partnership rather than a general partnership. Recommend the best approach for the partnership to allocate income or loss. Provide support for your recommendation.
Discussion 2
"Partnership Liquidation Process and Partnership Incorporation" Please respond to the following:
At the end of the fiscal year, the usual adjusting entry for depreciation on equipment was omitted. Will asset for the year be overstated or understated?
q1. on january 1 of the existing year palm corporation purchases the net assets of vickis unincorporated business for
Evaluate amount of current liabilities does this firm have and How much long-term debt does the firm have
bad debt and the allowance for doubtful accounts.normandale brewing and distilling companys post closing trial balance
Prepare the two journals to record the allocation of profit as at 30th June 2014, using Method 2 and prepare the Retained Earnings account for John as at 30th June 2014.
inventory reduction sale tightens his working capital policy to the averages.1.why does holmes want reeds to have an
How did Sprint report the debt in its balance sheet? Why?
question 1. during january 2010 wells inc. obtains 30 of the outstanding common stock of wilton co. for 1400000. this
multiple choice questions on variable costs.fixed costs and variable costs 1. which of the following is an example of a
Explain why the unit cost for each model is different across the three methods of overhead application. How can this information benefit the organization?
Compute the amount of estate tax due (if any) if Gabriel made prior taxable gifts in 2005 totaling $1 million at which time he claimed a unified credit of $345,800 and paid no tax.
Compute Market’s inventory turnover and days’ sales in inventory. Assume that there are 365 days in the year. (Round your answers to 2 decimal places.)
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