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Capital balances in pelmar co are lango 40,000,oslo 30,000 and fernetti 20,000. lango and oslo each agree to pay fernetti 12,000 from their personal assets . Lango and oslo each received 50% of fernetti equity. the partners share income equally journalize the withdrawal of fernetti. data pertaining to pelmar co. are presented .instead of payment from personal assets assume that fernetti receives 24,000 from partnership assets in withdrawing from the firm. journalize the withdrawal of fernetti .
Develop a personal financial plan detailing the financial goals that you and/or your family have developed - Analyze your personal financial situation using appropriate financial tools
The internal document that is prepared to notify the appropriate persons that ordered goods have been received and describes the quantities and condition of the goods is the
Record all necessary depreciation and amortization entries on December 31, 2009 and prepare a partial balance sheet for Withers on December 31, 2009.
What is independent variable and dependent variable relationship? What is independent variable and mediating variable relationship? Explain the use of dependent, independent and mediating variables in quantitative studies.
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Stanton Corp. began operations on January 1, 2016. The statement of cash flows for the first year reported dividends paid of $208,000. The balance sheet at the end of the first year reported $83,000 in dividends payable and $401,000 in ending retaine..
Lamar performed legal services for E. Garr. Due to a cash shortage, an agreement was reached whereby E. Garr. would pay S. Lamar a legal fee of approximately $8,000 by issuing 2,000 shares of its common stock (par $1).
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"Stan, who can barely pay his bills as it is", shouldn't have lost all that money. He is going to have to sell his car, I guess?? What should Art Heyman do in this situation? Discuss the auditor's options.
Wolford Company borrowed $1,000,000 from U.S. Bank on January 1, 2013 in order to expand its mining capabilities. The five-year note required annual payments of $260,436 and carried an annual interest rate of 9.5%. The annual payments are to be made ..
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Brad Thomas, a 53-year-old retail store manager earning $75,000 a year, has worked for the same company during his entire 28-year career. Brad was recently laid off and is still unemployed 10 months later, and his severance pay and 6 months' unemploy..
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