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S,T and U were partners in a firm sharing profits in the ratio of 1:2:2. On 15-2-2002.. S Died and the new profit sharing ratio of remaining partners was 3:2. On S's death the goodwill of the firm was valued at 60,000 Calculate the gaining ration and pass the journal entry on S's death.
kelley company reports 960000 of net income for 2013 and declares 120000 of cash dividends on its preferred stock for
the modified accelerated cost recovery system macrs specifies which of the following depreciation methods for land?a.
In what ways are Weber's and Fayol's ideas about bureaucracy and administration similar? In what ways do they differ? Which of Weber's and Fayol's principles seem most relevant to the creation of an ethical organization?
Evan Erman transferred inventory to a corporation in a Code Sec. 351 transaction. His basis in the inventory was $10,000 and its value was $8,000. If he received $2,000 in cash and 100 shares of stock, the resulting bases are:
aesar and Junius orally agreed to become partners in a food testing business. one-half of $80,000, the reasonable value of Caesar’s services during the operation of the partnership. Who will prevail and why?
at the operating breakeven point equals zero. a. variable operating costs b. sales revenue c. earnings before interest
a the charter of the sanders corporation authorizes the issuance of 1500000 shares of no-par common stock and 500000
Prepare an amortization schedule for the three-year period. Organize the information in accounts under an accounting equation. Prepare an income statement, balance sheet, and statement of cash flows for each of the three years.
The following information is available for the first month of operations of Korv Inc., a manufacturer of art and craft items:
occidental produce company has 40000 shares of common stock outstanding and 2000 shares of preferred stock outstanding.
A method of estimating bad debts expense that involves a detailed examination of outstanding accounts and their length of time past due is the:
casey companys bank statement shows a bank balance of 43267. the statement shows a bank service charge of 50. caseys
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