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You are accountant working in a company with limited liability (WLL), one of your partners (A) will withdraw from company. One of the existing partner (B) of the company will buy his share. The amount which will be paid for the partner A will be more than his capital.
Is it possible to record the excess amount as a goodwill?
Please give suggestion and the scope of this issue from the International Financial Reporting Standard (IFRS)or (IAS).
If the Cupcake Factory plans to sell 1,000 cupcakes a month, which lease option could cost less each month? Why? If the company plans to sell 1,800 cupcakes a month, which lease option could be more striking? Why?
Jill and George are married and file a joint return. They expect to have $410,000 of taxable income in the next year and are considering whether to purchase a personal residence that would provide additional tax deductions of $80,000 for mortgage ..
What is the balance in Dowell's lease liability? An amortization schedule will be helpful in determining this amount.
Truestar Communication issued $90,000 of 9%, 10-year bonds payable on August 1, 2012, at par value. Truestar's accounting year ends on December 31.Requirements
Howell Industries has total fixed costs of $150,000 and the company's contribution margin represents 60% of revenue per unit, Last year, Howell Industries earned $50,000 pre-tax, and this year it would like to improve that figure by 20%.
In addition, Moss and Kim have suggested that the operating agreement be written so that all matters are settled by majority vote, with each partner having a one-third voting interest in the LLC and if you were providing Kelly Herron counsel, what..
Move document-Warehouse employees and Shipping employees should sign picking ticket to document transfer of inventory from the Warehouse to the Shipping department
Brangelina Adoption Agency's general ledger shows a cash balance of $4,373. The balance of cash in the March-end bank statement is $7,050. The bank statement reveals the following information: checks outstanding of $2,720, bank service fees of..
Would you recommend Ahi complete this transaction and what potential ethics issues do you see in this situation and which AICPA Code(s) of Professional Conduct rules apply in this situation (explain how and why they apply)?
On July 1, 2013, Walter Allen Inc. purchased 6,000 shares of the outstanding common stock of Piaffe Corporation at a cost of $140,000. Piaffe had 30,000 shares of outstanding common stock. Assume the total book value and fair value of net assets i..
Overhead application: Working backward - The Towson Manufacturing Corporation applies overhead on the basis of machine hours.
Why is calculating the predetermined overhead rate so important and compute the firm's predetermined overhead rate.
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