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!
Problem - Jane and Kathy are joining their separate business to form a partnership. Cash and non-cash assets are to be contributed for a total capital of P300,000. The non-cash assets are to be contributed and liabilities to be assumed are as follows:
Jane
Kathy
Book Value
Fair Value
Receivable
P22,500
Inventories
22,500
33,750
P60,000
P67,500
Equipment
37,500
30,000
67,500
71,250
Payable
11,250
7,500
The partner's capital accounts are to be equal after all contributions of assets and assumptions of liabilities. Determine the total assets of the partnership.
Discuss accounting and SEC regulations as a means to prevent financial reporting fraud. Your discussion should include research to support your opinions
Stokes Ltd operates in the steel fabrication industry. What issues would the auditor be interested in researching further Stokes Ltd
Payment for the early retirement of long-term bonds payable (carrying amount $2,620,000) 2,650,000 Proceeds from the sale of treasury stock (on books at cost of $258,000) 300,000 The amount of net cash used in financing activities to appear in Sto..
the management of wiersema corporation is investigating purchasing equipment that would increase sales revenues by
Prepare the appropriate journal entry for Brogan to record the income tax provision for the current year. Show well-labeled supporting computations
Prepare the journal entry to record the issuance of the bonds
The company is using perpetual inventory system for proper controls. Prepare Store Ledger Card using each of the following methods of inventory costing
The market requires a rate of return of 12 per cent. Interest expense is determined using the effective-interest method. Determine the issue price of debenture
The Black Lotus Co. paid $250,000 for a second-hand cruise. This cruise is used for tourism purpose. It will generate $140,000 in revenue and incur $45,000.
SP invested the remainder of the bequest in alternative investments to earn a higher return. How much UBIT (unrelated business income tax) will SB owe in 2018
Which risk factor should be considered an incentive or pressure per SAS No. 99 (AD 316)? Significant related party transactions.
The note had a face amount of $5,000 and carried an interest rate of nine percent. What is the total amount of interest to be received
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