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Bob and Jim formed a partnership, investing $750,000 and $220,000 respectively. The partnership agreement calls for a return of 6% interest on their original investment, Bob is to have a salary of $80,000 per year, Jim is to have a salary of $120,000 and the rest is divided into the 2:1 ratio. Determine the income distribution if the net income of the partnership for the year is $650,000?
Provision for depriciation in the trial balance is for the current year or it is of previous year? Do we need to deduct it from this year's balance sheet.
Determine the missing amounts - determine the gross profit rates. (Round to one decimalplace)
santa rosa industries uses a standard-costing system to assist in the evaluation of operations. the company has had
Determine Air Peanut's breakeven point in units and how many packets does Air Peanut have to sell to earn $156,000?
If computational and record-keeping costs are regarding the same under both FIFO and weighted average, which of the following techniques will generally be preferred?
During each of the next two years, warner declared and paid cash dividends of $0.85 per share, and its net income was $72,000 and $67,000 for 2007 and 2008, respectively. The January 12, 2009, entry to record the sale of 3,000 shares of warner com..
the total of the individual customer account balances should equal the balance in accounts receivable which is
what is the future value 8 years from of 2000 investedtoday at a periodic interest rate of 12 compounded annually b
the hours worked and the hourly wage rates for 5 employees of kagen company for the week ended september 9.a. for each
determining amount to borrow and pro forma statement balances athena sudsberry owns a small restaurant in new york
1) Olga is the proprietor of a small business. In 2014, the business's income, before consideration of any cost recovery or § 179 deduction, is $104,000.
one companys practice is to provide bonuses to salespeople who exceed their sales targets. which of the following
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