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Partner A has an investment account and for 2012 he has a realized and recognized capital gain of $40,000. Partner B does not have any investment accounts, and does not have any capital gains or losses for 2012.
How will Partner A and Partner B report these on their personal income tax returns?
westan corporation uses a predetermined overhead rate of 22.90 per direct labor-hour. this predetermined rate was based
reed sharp and tucker were partners with capital account balances of 80000 100000 and 70000 respectively. they agreed
1. Discuss the key elements of the inventory costing method. 2. Discuss why it is appropriate to use this method.
The following information was available for Bowyer Company at December 31, 2010: beginning inventory $90,000; ending inventory $70,000; cost of goods sold $660,000; and sales $900,000. Bowyer's inventory turnover ratio in 2010 was:
What are the two general criteria that must be satisfied before a company can recognize revenue? Moreover explain compound interest.
The accountant found an unpaid Invoice for 3900 for advertising services on behalf of the company. The advertising campaign had been planned and advertising contracts signed before the year-end, but the campaign took place just after the year-end.
Why is the final amount in each mutual fund different and How much will you have in the account at the end of 20 years?
A hotel pays the phone company $200per month plus $.15 for each call made. During January 7,000 callswere made. In February 8,000 calls were made. Calculate the hotel's phone bills for January and February.
what is the amount of the charitable contribution carry foward for sheila jones?
motors is preparing a sales budget for the current year for the service department that based on last years actual
A company increased the selling price for its product from $5 tp $6 per unit when total fixed expenses increased from $100,000 to $200,000 and variable exense per unite remained unchanged. How would these changes affect the break-even point?
Compute the total materials variance and the price and quantity variances - assuming the purchase price is $5.20 and the quantity purchased and used is 26,200 units.
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