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X y and z are partner in a firm sharing profit in the ratio of 2: 2:1 according to partnership agreement z has to get a minimum of 12000 irrespective of the firm any excess payable to z account of such a guarantee shall be borne by x.
Problem 1: Prepare the profits and loss appropriation account showing the distribution of profit among the partner in case the profit for the year 2017 -18 are 278000 and amount of 23000 paid to z during the year.
Rural County is an agricultural community located hundreds of miles from any metropolitan center. The County established a television reception improvement.
Record a journal entry to reflect that one half month's insurance has expired.Check # 5004 was used to purchase a one-year insurance policy covering
Which of the following is TRUE of the net business profit of the partnership?
Discuss the essential activities involved in the initial planning of an audit. How do these all specifically to the Smackey Dog Food client?
Discussion: Overhead Allocation - How can the assignment of overhead costs affect operations and profit reporting
How much would need to be charged per hour for the centre to cover its costs? Explain why the per-hour charge decreased as the activity output increased
What is the direct labor (a) rate variance, (b) time variance, and (c) total cost variance? Enter favorable variances as negative numbers
Journalize the entries to record the transactions of Sandusky Company for December using the periodic inventory system.
What amount of equity method income would Matthew recognize in 2018 from its ownership interest in Lindman?What is the equity method balance in the Investment
Prepare a table showing depreciation expense, accumulated depreciation and book value for each year assuming straight-line depreciation
If the payment terms on both the invoices were 2/10, 1.5/25, n/60, calculate the amount that must be paid by DCM Clocks to settle
sutherland manufactures and sells 110000 laser printers each month. a principal component part in each printer is its
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