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Ashes and Jimmy formed a partnership to practise accounting. Ashes invested his personal library in the firm. The accounting books cost Ashes $21,000 and were estimated to have a market value of $18,000. The publisher is ?still owed $5,000; The partnership will. assume this obligation. In addition, Ashes contributed other books that were even to him. by a retiring accountant. The estimated current worth of these books is $6,000. By what amount should Ashes' capital be increased?
in early 2009 general electric ge had a book value of equity of 105 billion 10.5 billion shares outstanding and a
anderson has identified the following operating activities for its company the estimated overhead cost associated with
the chart of accounts is many times described in financial accounting as the central element of a general ledger
Explain how the statement of retained earnings relats to the balance sheet.
1.why is it not possible simply to take a cost management system lsquolsquooff the shelf?2. how does the choice of
duke and l. duke operated a general partnership performing minor automobile repairs in their small rural town for
thompson company produces scientific and business calculator thompson expects to sell 200000 scientific calculators and
What is the amount of the gross profit? Compute the gross profit percentage (gross profit divided by sales). Will the income statement necessarily report a net income? Explain"
smith llc has acquired various types of assets recently. below is a list of assets acquired during 2012 and
why is net profit always greater in absorption costing than indirect costing? why cost accountants use two types of
1. the following costs were incurred in septembernbspnbspdirect materials40100 nbspnbspnbspnbspdirect labor29700
the following labor standards have been established for a particular productstandard hours per
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