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Quince Interests is a partnership with a tax year that ends 30th September, 2012. During that year, Potter, a partner, received $3,000 per month as a guaranteed payment, and his share of partnership income after guaranteed payments was $23,000. For October during December of 2012, Potter received guaranteed payments of $4,000 per month. Evaluate the amount of income from the partnership that Potter should report for his tax year ended 31st December, 2012.
Asset cost allocation - Prepare a single journal entry to record all the incurred costs assuming they are paid in cash on January 1, 2013 and use straight line method, prepare the December 31 adjusting entries to record depreciation for the 12 month..
Assuming the periodic inventory system is in use, what was the Cost of Goods Sold if the LIFO Method is used and Assuming the periodic inventory system is in use, what is the value of ending inventory if the LIFO Method is used?
Calculation of cost per motor as per cost accounting - Determine the cost per motor, for cost accounting purposes, after completion of the additional plant capacity.
Determine the NPV of this project
Benefit-cost analysis
Evaluate what markup percentage is the company using, Total fixed costs will decrease and fixed cost per unit will decrease.
Evaluate Jon's adjusted basis in his EFG Inc. stock after the distribution?
Determine the machine's internal rate of return, to the nearest whole percent, if it costs $30,000 and will save $6,000 annually in cash operating costs? Would you recommend purchase?
Analyzing the weaknesses and financial strengths of the company
Effect of errors in journalizing and posting on trial balance and bookkeeper for Shirley Temple's dance studio made the following errors in journalizing and posting
Decision on closure of one of the units with the help of decrease in net income - Evaluate the overall increase or decrease in Kennaman's net operating income if Store I is closed.
Evaluate the relevant costs of the old machine and the new machine.
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