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Prepare a financial statement from alphabetic listing of accounts:A number of accounts balances are listed below these accounts relate to Keenal Real Estate. During the year just ended. Keenel invested additional of 7500 in the businessAccounts payable 12250Accounts Receiveable 21900Advertising expense 10500Building 45000Cash 3620Entertainment Expense 16400Equipment 21700Interest Expense 3700Land 12000Misc Expance 2460Mortgage Payable 39500Notes Payable 21300Office supplies on hand 1720Real Estate commission earned 143750Salalries payable 1730Travel Expense 15900Withdrawls 14860keenan Capital Dec 31 1995 xxxxxKeenan Capital Jan 1 1995 11050Required:Prepare the three principal financial statements from the data of the year ended Dec 31, 1995.(Total Assets will be = 105940)
What is the financial objective of a business A business is created to enhance wealth of its owners. This may come as a surprise, as there are other objectives which a business
PROTECTIVE TRUSTS The income of property may be settled on such terms as to restrict its availability to creditors of the beneficiary in the following ways: (a) Determinable
Q. The British Mini car was designed by a team headed by Sir Alec Issigonis in the late 1950's. Describe the process of the design of this product. Consider the context of
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The office building was bought in January 1, 2011 and was originally planned to be used for 40 years and had no salvage value. It is depreciated on a straight line basis. Now in
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SECTION B QUESTION 2: Two companies Juk Ltd and Roop Ltd operate in the tourism sector. Financial forecasts are provided below: Income Statement for yea
Important points for holding company with subsidiary The following points are important: 1) The first approach is to determine the effective shareholding by the holding compan
BREACH OF TRUST Remedies available to beneficiary: Injunction, Personal action, Criminal liability. Defence of trusts: He may be relieved from liability if, in the opini
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