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1 I invested $20,000 into this partnership and I've received distributions of $12,000 so my basis is now $8,000, correct? 2 If i'm a limited partner in a limited partnership, is it true I can have no voice in management. That doesn't seem fair. Should I change my status to a general partner. What the heck, to be able to add my two cents, it might be worth it.
what information can be found on a statement of shareholders equity?a. details of assets and liabilities.b. a
How would the science museum's net income be impacted if the order were accepted?
Edgemont paid cash dividend of 25,000 in 2006. No additional stock was issued. Compute the retained earnings on December 31, 2005, and 2006.
State how the concept of "professionalism" in the public accounting industry shifted or evolved between Federal Trade Commission's "restraint of trade" decision in the early 1970s and today, several years following passage of the Sarbanes-Oxley Ac..
1. what are some common legal entities used for operating a business? what types of business entities does the u.s. tax
Explain how the perpetual and periodic inventory systems differ, especially in determining Cost of Goods Sold and Ending Inventory?
write a paper 2000-2500 words regarding the regulation of financial reporting as established through the securities act
Management wishes to maintain a minimum cash balance of $8,000. Complete the basic cash budget for the month of January.
spartan stores is expanding operations with the introduction of a new distribution center. not only will sales increase
Describe the audit procedures which Johnson would conduct to find out if Mother earth would violated the debt covenants.
The market value of the King stock was $30 per share on the date of declaration and $32 per share on the date of distribution. By how much is retained earnings reduced by the property dividend?
1. You acquire the outstanding loan (note) of Shepard Company, who is having financial difficulty. Because of the financial difficulty, Shepard Company's credit rating has been downgraded and you acquire the note at a discount.
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