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X, Y and Z formed a partnership with a capital of P100,000 - X contributing 50% of the capital, Y 30%, and Z 20%. A, a creditor who has a claim of P200,000 against the partnership, filed a case to collect his claim.
Question 1: Whose assets are liable to satisfy the debt, and explain the extent of liability of X, Y and Z. Cite the applicable provision.
Companies around the globe are using social media to connect with their customers.
On January 3, 2015, Matteson Corporation acquired 30 percent. What should Matteson report as its investment in O'Toole under the equity method?
If the unit sales price is $15, unit variable cost is $9, and total fixed costs are $90,000, the number of units that must be sold to earn target net income is
Prepare a pension worksheet for the pension plan in 2008. Prepare any journal entry(ies) related to the pension plan that would be needed at December 31,2008. Prepare a pension worksheet for 2009 and any journal entry(ies) related to the pension plan..
Assuming Kuchman uses the par value method of accounting for its treasury stock, retained earnings at Dec 31. Year 2 would be reduced by ?
Discuss whether "material participation" is measured by just the trustee's hours and activities or whether the hours and efforts of the trustee
colaw company exchanges equipment with eaton company and mantle company exchanges equipment with fiero company. the
On July 31, of the current year, Sarah borrows $110,000 to purchase. What is the total amount of debt on which Sarah can deduct interest in the current year.
Calculate the balance that should be reported in the Allowance for Doubtful Accounts at December 31, 2014
Prepare a pro forma balance sheet and income statement providing the assumptions made and support the valuations assigned. Impact of the regulatory environment, including the Sarbanes-Oxley Act
during its first year of operations gehrig company had credit sales of 3000000 of which 400000 remained uncollected at
How much of a difference should have been observed due to the production level being higher than expected? How much difference is still unexplained?
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