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f there are 3 partners in a partnership each contributing 10 000 each in their business and they each agree to share their profits proportionaly to their contributed capital by 1/3 cash each. If the cash payments to the partners is 22 500 each, what is the required journal entry?
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if inventory in the beginning of the period is 2700 and at the ened of the period it is estimated that 2430 is left. we know that purchases of 10265 of inventory were made in cash and 1287 were made on account. what are the required journal entries.What is the required journal entry if you know the cash recieved rom customers is 10 000.
What was the estimated collectable value of accounts recivable as at 30 June 2009? What was the amount of the bad debts expense for the year ended 30 June 2009?
A company changes from straight-line to an accelerated method of calculating depreciation, which will be similar to the method used for tax purposes. The entry to record this change should include a
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Tenika has a $10,000 basis in her interest in the TF Partnership and no remaining precontribution gain immediately before receiving a current distribution that consisted of $4,000 in money, plastic tubes held in inventory with a $3,000 basis to th..
All income statement items are subject to a 40% income tax rate. In its 2009 income statement, Freda's separately stated income tax expense and total income tax expense would be:
Beck Company is concerned about quality and is considering upgrading the materials used in its product to a higher quality. Doing so would cost an additional $1.65 per unit.
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The enacted tax rate is 25% in current and future periods. What will White record as its income tax expense in Year 1?
1. You have $26,000 to invest in a stock portfolio. Your choices are Stock X with an expected return of 15 percent and Stock Y with an expected return of 11.0 percent. If your goal is to create a portfolio with an expected return of 13.68 percent, ho..
The trial balance of Fink Company includes the following balance sheet accounts. Identify the accounts that might require adjustment. For each account that requires adjustment, indicate
At the beginning of Month 1, 3,200 lbs. of materials were on hand. Purchases of raw materials for Month 2 would be budgeted to be:
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