Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
The capital account balances for Donald and Hanes, LLP on Jan. 1, 2013 were as follows: Donald, capital $200,000; Hanes, capital $100,000. Donald and Hanes shared net income and losses in the ratio of 3:2 respectively. The partners agreed to admit May to the partnership with a 35% interest in partnership capital and net income. May invested $100,000 cash, and no goodwill was recognized. What is the balance of Hanes' capital account after the new partnership is created? A: $100,000; B: $200,000; C: $84,000; D: $176,000; E $140,000
Bank employees use a system known as the maker-checker system. An employee will record an entry in the appropriate journal, and then a supervisor will verify and approve the entry. Identify the principles of internal control inherent in the maker-che..
Evaluate depreciation expense for the years 2011 during 2013 under every depreciation listed below: Stright-line, with fractional years rounded to the closed whole month.
Ganges Inc. uses a standard costing system in which variable manufacturing overhead (VMOH) is applied based on standard direct labor hours (DLHs). Partial results for the most recent period were:
The City of Grafton’s records reflected the following budget and actual data for the General Fund for the fiscal year ended June 30, 2012. Estimated revenues: Encumbrances of 2012 appropriations, outstanding as of June 30, 2012. Budget revisions appr..
What was LTCM, what was its investment strategy and how did it fail in the short run but succeed from a longer-term perspective?
1. prepare a journal entry to share the profit among the partners. include a narration.2. prepare journal entries to
On January 1, 2014 (the date of grant), Lutz Corporation issues 2,780 shares of restricted stock to its executives. The fair value of these shares is $78,300, and their par value is $11,400. The stock is forfeited if the executives do not complete 3 ..
The president of Solvent has asked the controller to prepare a report that summarises the financial aspects of the two potential investees for the last year and discuss and analyse the limitations of ratio analysis for both cross-sectional and time..
What percentage interest in pool is held by the school district and the township? Show the entry into the Investment Trust Fund to record the liability to the funds for interest earned on pooled investments.
The following selected data relates to Lazarus Corporation: Assuming 8,000 units are sold, what is the contribution margin?
Provide the journal entries for Sims to record the sales in a and b. Provide the journal entry to record Lauber's payment in c. Provide the journal entry to record Lauber's payment in d.
Based on the preceding information, calculate each of the following: Total paid-in capital. Total stockholders' equity.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd