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Suze and Bess formed the Suzy B Company by making capital contributions of $130,000 and $195,000 respectively. They predict annual partnership income of $230,000 and are considering the following alternative plans of sharing income and loss: (a) in the ratio of their initial capital investments; or (b) salary allowances of $40,000 to Suze and $35,000 to Bess; interest allowances of 12% on their initial capital investments; and the balance shared equally. Assuming that both partners put about the same amount of time into the business, which method of allocating income would be best?
the hours worked and the hourly wage rates for 5 employees of kagen company for the week ended september 9.a. for each
as a recently hired accountant for a small business bearing inc. you are provided with last years balance sheet income
the machining division of ita international has a capacity of 2330 units. its sales and cost data areselling price per
Prepare journal entries for investments using the fair value and the equity method. How does it relate to the practice of accounting and its uses in business?
The actual cash received from cash sales was $11,279, and the amount indicated by the cash register total was $11,256.
What is meant by "major fund reporting"? How does this differ from reporting by fund type? For what fund types is major fund reporting required?
Calculate the overhead rates per direct-labor hour for the Etching Department and the Finishing Department. Usethe direct method to allocate service department.
Vincent Corporation has 100,000 shares of $100 par common stock outstanding. On June 30, Vincent Corporation declared a 5% stock dividend to be issued July 30 to stockholders of record July 15. The market price of the stock was $132 a share on Jun..
choose two 2 companies in the same industry and work on the criterion mentioned below ltbrgt ltbrgtabusiness overview
A golfer's tee shot follows a path given by y = 64t - 16t^2, where y is the height of the ball (in feet) after t seconds of flight. Halfway through its flight, the golf ball reaches the highest point of its trajectory. How high is that?
dousmann corp.s sales slumped badly in 2014. for the first time in its history it operated at a loss. the companys
Principe Technology Solutions, Inc., completed the following transactions during August 2012, its first month of operations.
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