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Roberts owns 50% of Smith at has a balance in the investment account of $200,000 at December 31, 2015. On January 1, 2016 Roberts purchases an additional 10% ownership in Smith for $70,000. Roberts will Dr. Investment in Smith for $70,000 and credit cash for $70,000.
Problem 1: What additional entry will Roberts be required to make to reflect the increase in ownership?
You wish to make payments once every two weeks for 25 years to pay off the mortgage, with the first payment two weeks from now. What is the size of each payment
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Find How much does the firm have in net fixed assets? Frontline has a long-term debt ratio of 0.6 and a current ratio of 1.3. Current liabilities are $700
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