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Problem 1: Julia, Alpha and Ynes are partners who share profits and losses in a 5:3:2 ratios and on January 1 of the current year, have capital balances of P90,000, P160,000 and P200,000, respectively. Ynes withdrew from the partnership on July 1 of the current year and the partners agreed that, as of this date, certain inventory items would have to be revalued at P70,000 from their recorded cost of P50,000. For the 6-month period ending June 30 of the current year, the partnership realized a net income of P130,000. The partners decided that Ynes should be paid P245,000 for her interest. The payment to Ynes included bonus from remaining partners amounting to?
European government policies of the 16th-18th centuries designed to promote overseas trade between a country & its colonies and accumulate precious metals by requiring colonies to trade only with their motherland country.
Prepare T-Account for the allowance for doubtful accounts (AFDA) for 2015. Prepare the journal entry to record bad debts expense for 2015
Photography services of $8,325 have been rendered, but customers have not yet paid or been billed. The firm uses the account Fees Receivable to reflect amounts due but not yet billed.
Today, he gave you the proceeds of that investment which totaled $61,372.47. How much did your father originally invest
What is the current position of the lease liability on December 31, 2021? What is the interest expense for 2021? What is lease liability on December 31,2021?
What The return on investment is? Net sales, P1.8M; Cost of goods sold, P1.08M; Operating expenses, P315,000; Earnings before interest and tax, P405,000
A firm's target capital structure consists of 40 percent debt, 5 percent preferred stock, and 55 percent common equity. The firm’s cost of debt is 10%, the cost of preferred stock is 11.26%, and the cost of equity is 14 %. What is the firm's weighted..
If the firm goes bankrupt and liquidates, how much will each class of investors receive if a total of $4 million is received from sale of the assets?
Kingbird, Inc. began 2022 with total stockholder equity of $128900, If Kingbird's ending retained earnings was $985000, what was the company's revenue for 2022?
What is the actual cost of the acquisition to Firm Y using company stock? - Why is the actual cost less than $35,000?
Week of the year and sent bills to all the customers? When is that counted? How would you answer these questions
If the bond is currently trading on the market at Rp915,500, what is the yield to maturity and what is the effective annual return?
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