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Question 1: Saloni and Srishti are partners in a firm. Their capital accounts as on April 01. 2016 showed a balance of Rs. 2,00,000 and Rs. 3,00,000 respectively. On July 01, 2016, Saloni introduced additional capital of Rs. 50,000 and Srishti, Rs. 60,000. On October 01 Saloni withdrew Rs. 30,000, and on January 01, 2016 Srishti withdraw, Rs. 15,000 from their capitals. Interest is allowed @ 8% p.a. Calculate interest payable on capital to both the partners during the financial year 2016-2017
A comparable risk five year, 5.5 percent yen/dollar dual currency bond pays $833.44 at maturity per ¥100,000 of face value. What is the implied exchange rate
How much sales revenue would Wright recognize on January 1, 2018, for this transaction?
Prepare the entries that Sampson Company would record. If no entry is required, select "No entry required" and leave the amount boxes blank.
A product has a contribution margin of $9 per unit and a selling price of $25 per unit. Fixed costs are $27,000. Assuming new technology increases the unit contribution margin by 50 percent but increases total fixed costs by $17,550, what is the new ..
question spring co. began the month with 30 units of inventory that cost 50 each. on january 4 spring buy 85 units for
How Solve the transaction price to be allocated to the performance obligations of AllFuels Limited and prepare the journal entry to record the March 2020 sales.
The bond is issued at a price of $902,878 to yield 6%. What is the cash interest payment on this bond for the SECOND year of its life
Management of Lewallen Corporation has asked your help as an intern in preparing some key reports for September. Direct materials cost was $63,000, direct labor cost was $49,000, and manufacturing overhead was $77,000. Selling expense was $21,000 and..
Which is true regarding Trust Companies? State-charted Trust Companies have an advantage over federally-chartered ones regarding interstate operations.
Prepare the stockholders' equity section of B-Mobile's balance sheet at October 31, 2014. Assume B-Mobile's net income for the month was $92,000.
Childer's Products Company has current operating profit of $330,000 before taxes. Calculate the EPS and common dividends per share
How appropriate is it for the FASB to take the position it has? Current FASB practice states that goodwill cannot be created, added to, or depreciated
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