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Partners share income in the ratio of 3:1. Capital balances are 40,000 and 60,000 respectively.Income summary has a balance of 20,000. what is capital balance after closing income summary to Capital
Interest is paid semiannually on December 1 and June 1 and the bonds mature on December 1, 2014. Menke uses straight-line amortization. Ignoring income taxes, the amount reported in Menke's 2010 income statement from this investment should be?
Benny's Repair Shop started the year with total assets of $100,000 and total liabilities of $80,000. During the year the business recorded $210,000 in revenues, $110,000 in expenses, and dividends of $20,000.
ABC Company has just received a special order for 1,000 deck chairs. ABC has sufficient idle capacity to accept the order. Indicate whether the given cost is a sunk cost, opportunity cost, relevant or not relevant to the decision to accept the spe..
Prepare a flexible budget for Dandy Jeans Company using production levels of 16,000, 18,000, and 20,000 units produced. The following is additional information necessary to complete the budget:
Becker Corporation paid cash dividends totaling 75,000 during its most recent fiscal year. How should this information be reported on Becker's statement of cash flow?
during 2014 deluca company had net sales of 5700000. most of the sales were on credit. at the end of 2014 the balance
What is the projected ending retained earning balance of march 31, 2012, assuming that 2010 was their worst year of business?
The finance managers of Long Bow, Inc. collected the following information for their firm: Total Assets = $60,000; Current Assets = $20,000; Long-term Liabilities = $200,000; Current Liabilities = $10,000. The Current Ratio = ___
Advise Nathan if there is a valid contract with Dubious Connections Pty Ltd, and any remedies that may be available to him. (Make reference to relevant case law and support your answer).
explain whether each of the following projects is likely to have risk similar to the average risk of the firm.a. the
louder company manufactures part mno used in several of its truck models. a total of 10000 units are produced each year
The following cost card was found in the Inventory ledger for part AAA. Direct Materials $600, 20 hours of Direct Labor at $20 per hour $400, manufacturing overhead is applied at $15 per direct labor hour, one third of the overhead is fixed the re..
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