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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 Huawel 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.
Question 1: Determine the capital balance of Lenovo after the admission of Oppo.
Augusta Gardens Inc. develops and produces spraying equipment for lawn maintenance and industrial uses. Journalize the transactions of June 19, August 30
Interest of $220 on the notes receivable has been earned but not yet recorded. Prepare the necessary adjusting journal entries at September
1.a company had inventory on november 1 of 4 units at a cost of 16 each. on november 2 they purchased 7 units at 27
Describe how Lewin's theory of change can be used to overcome resistance to change.
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Determine the equivalent units in process for direct materials and conversion costs, assuming there was no beginning inventory
On May 1, 2019, Hit Design set up a petty cash fund for $350. Calculate any cash overage or shortage
Strauss Corporation is making a $87,550 investment in equipment with a 5-year life. What is the present value of the tax savings related to depreciation
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