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Question - The partnership of Kris, Erich and Eunice reflected beginning capital balances of P75,000; P25,000 and P100,000 and profit and loss ratios of 5:4:1 to Kris, Erich and Eunice, respectively. The partners plan to dissolve their business and admit Kelly into the new partnership. Kelly is to invest P25,000 for a 10% interest in the new partnership and is to be credited the same amount of capital in the new partnership. Determine the capital balance of Kris after Kelly's admission into the partnership.
Single taxpayer with aging of 92,300 has rental income of 55000 and rental expenses of 80000. What can be reported on tax return
On July 31, 2016 Ernst Corporation called (i.e. redeemed) $10,000,000 par value of bonds payable. Prepare the journal entry to redeem these bonds
Calculate the balance of Retained Earnings that would appear on a balance sheet at December 31, 2010. Calculate the net income
Consider the three stages of Hydro One's ERM strategy: (a) workshops, (b) risk based asset planning. What are the strengths and weaknesses of this strategy
Calculate the price/premium of a CALL option with a STRIKE of £7.85 for 1 year in the future and which option should the investor BUY, fully explaining
Determine the 2014 predetermined overhead rate per machine hour. Using the predetermined overhead rate per machine hour, determine the manufacturing overhead applied to Work-in-Process during February. As of February 1, actual overhead was underappli..
Work out if Harry would have a reportable fringe benefit in respect of the vehicle provided to him and the mobile phone payment by Electro Specialists
You can expect the following cash inflows for the next five years from an investment of R1 500 000: R610 000, R500 000, R100 000, R800 000, and R750 000.
Identify at least six reasons why companies choose to outsource or offshore a business process. Which of these reasons might Dick use to make his decision to outsource or to attempt BPR? Is producing automotive parts a ''core'' business process fo..
Evaluate the company's investment projects. Is there a typical project for the company during the analysing period
1.At the beginning of 2013, Pioneer Products' ownership interest in the common stock of LLB Co. increased to the point that it became appropriate to begin using the equity method of accounting for the investment.
What are the functions of water in the body? What is the general effect of dehydration on the body
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