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!
Question - Gogola and Paglinawan have just formed a partnership. Gogola contributed cash of P1,260,000 and computer equipment that cost P540,000. The fair value of the computer is P360,000. Gogola has notes payable on the computer of P120,000 to be assumed by the partnership. Gogola is to have 60% capital interest in the partnership. Paglinawan contributed only P900,000. The partners agreed to share profit and loss equally.
Required -
1. Prepare Journal Entry to record Gogola and Paglinawan initial investment
2. Compute for Gogola's additional investment or (withdrawal) knowing he should have 60% capital interest in the partnership.
3. Prepare the Statement of Financial Position as at the date of formation of the partnership.
The machine will generate revenues of £600, £800, £800 and £800 in years 1, 2, 3 and 4 respectively. Calculate the Net Present Value of this machine to the firm
What is the rate of return on investment for Espinosa, income from operations amounting
(Computation of Pension Expense) Veldre Company provides the following information about its defined benefit pension plan for the year 2014.
Variable Cost, Fixed Cost, Contribution Margin Income Statement Head-First Company plans to sell 5,000 bicycle helmets at $75 each in the coming year.
On April 18, 2011, Jane Smith purchased 30 shares of ABC stock for $210, What is her recognized gain or loss
On March 20, Terrell's petty cash fund of $149 is replenished, Prepare the journal entry to record the replenishment of the petty cash fund
Suzanne and Bob form the SB general Partnership as equal partners. What is the partnership initial book value of each asset
Mary received a liquidating distribution from ABC Corporation as part of the complete liquidation of ABC Corporation. Mary's basis for her ABC Corporation stock was $10,000.
Consider WACC you produced above on question No.3 do you accept or reject the new project (use NCBR method to evaluate the new project-launching
Determine the Team Tax Practice Project. Research a team will conduct Tax Research assignment on tax practitioners' Professional Environment
Analyse the Tax planning minimisation strategies for legal entities. Develop financial management strategies of tax obligations
Berkut Company would break even at $600,000 in total sales. what is its margin of safety in units if budgeted sales total $800,000
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