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Dante, Milton, and Cervantes formed a partnership and agreed to share profits in a 3:1:2 ratio after recognition of 5% interest on average capital balances and monthly salary allowances of $3,750 to Milton and $3,000 to Cervantes.
The estimated fair values of the assets are land $60,000, building $220,000, and equipment $80,000. At what amounts should each of the three assets be recorded?
the following data were obtained from a project to design a new software package activitydurationpredecessorspersonnel
What is the amount of the sales support costs that should be allocated to Customer A assuming Beta uses units purchased to compute activity-based costs?
A fir that sells a single product had a beginning inventory of 4,000 units with a total cost of $28,000. 10,000 units were purchased @$9.00 each. Using FIFO what is the value of the ending inventory of 3,000 units?
orange corporation purchased bonds basis of 350000 of its wholly owned subsidiary green corporation at a discount. upon
Which extended the useful life of the truck for an additional two years beyond that originally estimated (salvage value is still estimated at $24,000). In computing depreciation for annual adjustment purposes, expense is calculated for each month ..
Identify weaknesses in current procedures, and explain the threats that they may allow to occur and suggest ways to improve the Kowal Manufacturing Company's internal controls over hiring and payroll processing.
Why is measurement in the context of accounting so important
if you are driving in your own car to another city, how much will it really cost you to make that drive? Should you include the cost of the car, part of the cost of the car, none of it? What if a friend asked if he could ride with you? What is the..
Prepare a memo discussing the factors to consider when choosing accounting software. Be sure to discuss why each factor is important, as well as the risks of not considering each factor.
The company has total assets of $104,912.112 and shareholders' equity of $43,623,445. Use the extended DuPont identity to find the return on assets and return on equity for the firm.
which of the following is not descriptive of external environmental scanning? a. used as a tool to ensure a
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