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 - Norr and Caylor established a partnership on January 1, 2012. Norr invested cash of $100,000 and Caylor invested $30,000 in cash and equipment with a book value of $40,000 and fair value of $50,000. For both partners, the beginning capital balance was to equal the initial investment. Norr and Caylor agreed to the following procedure for sharing profits and losses:- 12% interest on the yearly beginning capital balance- $10 per hour of work that can be billed to the partnership's clients- the remainder divided in a 3:2 ratio The Articles of Partnership specified that each partner should withdraw no more than $1,000 per month. For 2012, the partnership's income was $70,000. Norr had 1,000 billable hours, and Caylor worked 1,400 billable hours. In 2013, the partnership's income was $24,000, and Norr and Caylor worked 800 and 1,200 billable hours respectively. Each partner withdrew $1,000 per month throughout 2012 and 2013. Determine the amount of net income allocated to each partner for 2012.
Shamrock Company uses the straight-line method of amortization for bond premium or discount
Bottom had established the transfer price based on its normal markup. What are the consolidated sales and cost of goods sold
The following information was taken from Grain Company's balance sheet:
Independent appraisals had been completed on all assets prior to the sale. These appraisals indicated the following fair values
What is the net operating income for the month under absorption costing?
write a 700- to 1050-word paper in which you do the followingidentify the four basic financial statements.describe the
The original formation of accounting organizations came from the need to be more organized, with standards that would be followed by all companies with the idea of protecting the business and the stockholder.
Alpha Corporation has the following Shareholders ½ Equity section of the Balance Sheet at 1/1/2004:
The investment is expected to increase fixed costs by $15,000. After the new investment is made, how many units must be sold to break-even?
downs co issued 800000 of 8 5-yr bonds at 106 which pays interest annually. assuming straight-line amortization what is
estimating the cost of commercial paper on february 3 2010 the burlington western company plans a commercial paper
A customer's check for $1,380 was recorded on the books as $1,830, and a check written for $318 was recorded as $381. Compute the correct balance
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