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Peggy Black and Glenda Barclay form a partnership. Black contributes land with a book value of $50,000 and a fair value of $75,000. Black also contributes equipment with a book value of $52,000 and a fair value of $57,000. The partnership assumes a $20,000 mortgage on the land. What should be the balance in Black"s capital account upon formation of the partnership?
Define variable and fixed costs. Comment on how these costs are used to estimate future requirements. Discuss how contribution margin is used by managers for decision making.
bulldescribe two business sectors you might want to work in if you were an accountant and explain why in 150 to 200
on january 1 2014 xyz company leased a building to silver trading inc. the lease arrangement is for 10 years. the
Prepare a static budget report for the second quarter and for the year to date.
According to double-entry accounting, which of the following is a correct statement regarding transactions?
name and explain one liquidity ratio. what does this ratio measure? what is the formula for this
The total amount of overhead applied to work in process for August would be:
Create a formula to calculate your rate of return for each year. What is your overall return over the life of your investment? What is the average annual return over the life of the investment? Use the geomean function.
presented below is information related to isaac corporation for the current year.beginning inventory nbsp nbsp nbsp
Using the following information and assuming that all inventory is purchased on account, compute cash paid for inventory:
Pullian Company makes a variety of chemicals. Its Mixing Department reports the following information for the May of the current year - Compute the cost per equivalent unit for direct materials and conversion.
If you could pick a single source of cash for your business, what would it be? Why? How can a business earn large profits but have a small balance in Retained Earnings?
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