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Problem 1. What is an industrial partner? How will you account the contribution and the share in the profit or loss of an industrial partner? Explain briefly.
Problem 2. A partner contributes the following assets: Accounts Receivable with an existing Allowance for Doubtful Accounts balance and Building with an existing Accumulated Depreciation balance. What will be your entry on the book of the partnership? Explain briefly.
Problem 3. Why is it necessary to specify whether the withdrawal made by the partner is a withdrawal against profit or a permanent withdrawal of capital or a loan being extended to him/her by the partnership? Explain briefly
Financial Statement Analysis and Preparation
Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?
An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.
Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.
This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited
Prepare general journal entries for Goela Ltd
Prepare the journal entry to record the acquisition of the assets.
Prepare general journal entries to record the transactions, assuming use of the periodic inventory system
Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.
Explain the IASB Conceptual Framework's perspective of users and their decisions.
T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .
Computation of Free Cash Flow
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