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Question - Apple, Samsung, Lenovo, and Huawei are partners with interests of P60,000 (30%); P65,000 (20%); P26,000 (10%) and P90,000 (40%) to Apple, Samsung, Lenovo, and Huawei each, respectively. Assume that the partners admit Oppo into the partnership. Oppo is to invest P50,000 and to purchase 1/4 of the capital balances of Samsung and Lenovo for P25,000 with the assets being adjusted. Oppo is to have 20% share in the new partnership and a 15% share in the profits and losses. The agreed capital of the partnership after the admission of Oppo is P310,000. Determine the capital balance of Apple after the admission of Oppo.
What steps have been removed from the computerized accounting cycle that exists in the manual accounting cycle? Do you see any risks in removing the steps that you identified - Computerizing Accounting Systems
Which net amount included in the project's NPV for the initial investment in the building, net of the present value of its salvage value and tax shields?
7.5% annual coupon bonds at their par value of P1,000. What is the current price of the bonds, given that they now have 19 years to maturity?
What is the company's largest current asset and largest current liability at year-end? Did the current ratio improve, worsen, or hold steady?
Inventory records for Marvin Company, Marvin sold 2,300 units of inventory during the month. What Cost of goods sold assuming FIFO would be
ethicseugene wright is cfo of caribbean cruise lines. the company designs and manufactures luxury boats. its near
By what amount would net income differ if bad debt expense was calculated using the allowance method and percentage-of-sales approach?
Create the journal entry to record the transaction and the interest expense at the end of the first year.
Prepare the corporation's journal entry to record the redemption of the bonds. As at the redemption date, the unamortized premium was $9,040.
Develop a simple statement of cash flows for George's Trains using any information gleaned from the video. What areas of improvement
Create a bank reconciliation. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries.
You wish to buy a $20,000 car. The dealer offers you a 5-year loan with an 5 percent APR. What monthly payments? how long will it take him to pay off the debt?
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