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Question - Withdrawal of a Partner Journal entry A, B, and C are partners with capital balances on December 31, 200D of P450,000, P450,000, and P300,000, respectively. Profits are shared equally. C wishes to withdraw and it is agreed that he is to take certain furniture and fixtures at their second-hand value of P18,000 and note for the balance of his interest. The furniture and fixtures are carried on the books as fully depreciated. Brand new, the furniture and fixtures may cost P30,000. Give the entries necessary to record the withdrawal of C.
Find payment to Ynes included bonus from remaining partners amounting to? Julia, Alpha and Ynes are partners who share profits and losses in a 5:3:2 ratios
How you could convert the existing callable bond into a synthetic non-callable bond. monetize it today. Though the bonds are not currently callable
The following are all resident taxpayers. In each case, calculate the deduction available for decline in value as well as any assessable income
You are to enter up the necessary accounts for the month of October from the following information relating to a small printing firm. Then balance-off the accounts and extract a trial balance as at 31 October 2017.
ACC204 Advanced Financial Accounting Assignment. Determine the fair value of the debentures at the time of issue (which will also be their issue price)
Find How much in social security tax should Jacob pay? How much Medicare tax should Jacob pay? How much FUTA tax should Jacob pay?
If your required return on this stock is 13.31 percent, what is the most you would be willing to pay for Alfa Growth, Inc. common stock now?
You can collect $103,000 today or receive $20,400 at the end of each year for the next seven years. Calculate the present value of both the options
Find Is possible that making investments with expected returns higher than your company's cost of capital will destroy value? If so, how?
Find What amount will Clancey receive when issues the bonds? The current market rate of interest for bonds of similar risk is 8%.
The retailer's operating profit is 22% on selling price and the overhead expenses are 13% on cost. Calculate the regular selling price of the desk
A stock is selling today for $60 per share. At the end of the year, it pays a dividend of $3 per share,What are the dividend yield and percentage capital gain?
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