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B and O are partners that share income in a ratio of 2:3, with capital balances of $50,000 and $30,000, respectively. R is admitted into the partnership by investing $20,000, and is given 40% interest. What is B's capital balance after the admittance?
What are corporate dividends and how are they distributed and accounted for? Provide a discussion of all potential scenarios and the relevant accounting requirements.
ellis television makes and sells portable televisions. each television regularly sells for 210. the following cost data
At the end of the year, actual direct labor-hours for the year were 17,400 hours, manufacturing overhead for the year was overapplied by $13,850, and the actualmanufacturing overhead was $294,130. The predetermined overhead rate for the year must ..
Prepare the general journal entries to record the share issue and the purchase of the land and building on January 1 and the amortization expense on December 31, 20B.
The corporation elected S corporation status at the starting of 2011. On February 13, 2012, the property was sold for $40,000, payable in 4 yearly instalments of $10,000 plus interest. What is the amount of ordinary income to be reported from the s..
If the price per unit differs from the standard price per unit for direct materials, the variance is:
explain the difference between the amount of net income and amount of net cash flow from operating activities.
Compute the depreciation deduction for the computer system in 2006 and the cost recovery recapture. Assume that in 2004, Elaine had instead expensed under Section 179 the cost of the computer system. Compute the cost recovery recapture in 2006.
add or drop with net present value analysis. franklin county hospital a nonprofit hospital bought and insatlled a new
eln waste management has a subsidiary that disposes of hazardous waste and a subsidiary that collects and disposes of
At the Board of Director's meeting to review the year-end financial statements, they were concerned that the gain on the sale of the stock was not reported on the income statement. They believed that since the stock was sold at a price higher than..
During the year, ABC LP generated a ($90,000) loss. How much of Sue's loss is disallowed due to her tax basis or at-risk amount?
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