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Two persons were sharing profits in the ratio of 3:2. They decided to admit chairman into the partnership for 1/6 th share of the future profits. Goodwill valued at 4 times the average super profits of the firm, was $18000. The firm had assets worth $1500000 and liabilities $1200000. The normal earning capacity of such firms is expected to be 10% p.a. Find the average profits/Actual profits earned by the firm during the last 4 years.
the pvc company manufactures a high-quality plastic pipe that goes through three processing stages prior to completion.
1. suppose a firm faces a current tax rate of35 but expects to fall to 20 in the future employees on average face a
Boulder City Hospital has just been informed that a private donor is willing to contribute $20,000 per year at the beginning of each year for 15 years. What is the current dollar value of this contribution if the discount rate is 8 percent?
Journalize the entries to record (a) the flow of costs into the Refining Department during the period for
brubacher service company sells for cash and on account. by selling on credit brubacher cannot expect to collect 100 of
the wade division of geisler corporation has a current roi of 20 percent. the company target roi is 13 percent. the
milton company purchased land and an office building on september 1 for a combined cash price of 2200000. the land had
A customer is currently suing a company. A reasonable estimate can be made of the costs that would result from a ruling unfavorable to the company, and the amount involved is material. The company's managers, lawyers, and auditors agree that th..
answer key to Unique global imports accounting simulation?
The preparation of the Cash Flow statement is challenging and time consuming and unlike the other major financial statements, this one is not prepared from the adjusted trial balance.
Explain the assignment of income doctrine (AID) and the fruit of the tree doctrine. What role does the AID play in our federal income tax system, and what could be done to avoid or reduce income taxes if the AID did not exist?
jessica nekton received 150000 from her mothers estate. she placed the funds into the hands of a broker who purchased
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