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If 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?also :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. (ie. with sales, cost of goods sold and inventory)
What is the required journal entry if you know the cash recieved rom customers is 10 000.
Compute an estimated fair value for any goodwill associated with Kivi purchasing Gas N' Go. Base your computation upon an assumption that Kivi's management expects excess earnings to continue for four years.
What is possible "consequence" of using the allowance method rather than the direct write-off method? The method fits the matching principle, is GAAP, the SEC likes it better, sounds better for investors, what could be bad?
Prepare a multi-step income statement and a classified balance sheet in proper form using accrual accounting and all balances are as of the end of the year except Retained Earnings.
a large corporation recently reported the following amounts on its year-end balance sheets20072008accounts
What is the difference between internal documentation and external documentation? Examples? Which type is considered more reliable?
In 2011 a company report earning per share of $10.00 when its stock was selling for $220. In 2012, its earning increased by 14%. If all the relationship remains constant, what is the price of stock for 2012?
wodor company is involved in four separate industries. selected financial information concerning twodors involvement in
The Inn's variable overhead costs are driven by the number of guests. What would be the total budgeted overhead cost for a month if the activity level is 70 guests?
the relationship among the board of directors top management and shareholders is referred to as a. corporate synergy b.
Select an Initial Public Offering (or a Secondary Offering) completed in the last 10 years in U.S. capital markets, and discuss and analyze this IPO in 7-8 pages, double-spaced.
What are several possible explanations for the markdown and slow sale of common waleth Edison's bonds?
Wares is a division of a major corp. The following data are for the latest year of operations: division's return on investment
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