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 - The partnership of SCL Company had the following financial position as of December 31, 2020:
Assets
80,000 Cash
520,000 Other Assets
600,000 Total Assets
Liabilities and Capital
40,000 Liabilities
140,000 Sam, capital
170,000 Cel, capital
250,000 Lai, capital
600,000 Total Liabilities & Capital
Partners Sam, Cel, Lai share profit and losses in the ratio of 5:2:3 respectively. Assets and liabilities are recorded at the current fair values and no asset revaluation nor bonus will be considered. Mishie is to be admitted as a new partner with 20% capital interest and a 20% share of profits and losses in exchange for a cash investment. Determine the amount of investment to be contributed by Mickey.
a. P700,000
b. P140,000
c. P150,000
d. P120,000
Financial Statement Analysis and Preparation
Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?
An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.
Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.
This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited
Prepare general journal entries for Goela Ltd
Prepare the journal entry to record the acquisition of the assets.
Prepare general journal entries to record the transactions, assuming use of the periodic inventory system
Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.
Explain the IASB Conceptual Framework's perspective of users and their decisions.
T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .
Computation of Free Cash Flow
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