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Question - Elaine's original basic in the hornbeam partnership was 25,000. her share of the taxable income from the partnership since she purchase the interest has been 100,000 and Elaine has received 75000 in cash distribution from the partnership, Elaine didn't recognized any gains as a result of this distribution. Calculate Elaine current basic in her partnership interest?
The managerial accountant at Picture Frame Manufacturing reported that the company plans to transfer $250,000. What is the gross profit per picture frame?
Compute the equivalent units for materials and conversion costs for the month of October using the FIFO method
1-the fund financial statements for governmental funds should include aa balance sheet for fiduciary funds b statement
merchandise, returned 11,550, and paid freight charges of 18,800 on purchased merchandise, terms FOB shipping point
aziz industries has sales of 100000 and accounts receivable of 11500 and it gives its customers 30 days to pay. the
1. a sales returns and allowances account is not debited if a customer...a. returns defective merchandise.b. recieves a
Linda Hall, manager of Rio Grande Building Corp., has been with the company for several years. She is a valued and trusted employee. Linda is in charge of recording collections on accounts, making the daily bank deposits, and reconciling the bank ..
What is the final amount of the loan payable that Duck will show on its books, in dollars, just before it repays the loan
A vacant lot acquired for $150,000 is sold for $290,000 in cash. What is the effect of the sale on the total amount of the seller's (1) assets, (2) liabilities, and (3) owner's equity?
If I were to make muffins and the blueberries for the muffins cost 2.05 per bag and I use 11 blueberries per muffin but then found out that people liked 15 berries per muffin and I found a store that sold 400 berries per bag at 1.89 per bag. How d..
The old tractor cost 107900 and straight line accumulated depreciation of 58500 had been recorded to date under the assumption that it would last eight years and have a 14300 salvage value. Answer the following questions assuming the exchange has ..
tipper co. is considering a 10-year project that is estimated to cost 700000 and has no residual value. tipper seeks to
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