User Account

All Pages

Give the journal entry to record the distribution

Assignment Help Accounting Basics
Reference no: EM132749782

Question - Assume the partnership of V & X had a net income of $62,000 for the year and the partners agree to share profit and loss in the ratio of 4 to 5. Give the journal entry to record the distribution of net income.

Reference no: EM132749782

Questions Cloud

Four functions of management : Come up with a unique business idea where you can implement the four functions of management as described by Henry Fayol
How you would collaborate with the research stakeholders : Imagine that two focus groups have been conducted in an Asian American and immigrant community in a large urban city. The rationale of conducting the.
Types of leadership traits out : 1. Briefly discuss any 8 types of Leadership traits out of 11 2. Explain types of Leadership with examples
Calculate present value of all future tax shields for abc : Given this information calculate the present value of all future tax shields for ABC corp. Express the result in $-millions and round to two decimals
Give the journal entry to record the distribution : Assume the partnership of V & X had a net income of $62,000 for the year. Give the journal entry to record the distribution of net income
Why cross-tabulation is widely used in marketing research : Give three reasons why cross-tabulation is widely used in marketing research.
What is the data breakeven point in? units : Data ?1-2-3 is a? top-selling electronic, What is the Data ?1-2-3 5.0 breakeven point in? units, assuming that the planned 60?% ?/ 40?% sales mix is? attained?
Describe behaviorism from watsons perspective : Describe behaviorism from Watson's perspective; then, compare and contrast his viewpoints with operational positivism and the prevailing functionalism.
Calculate the gain or loss on monetary items for the year : Using current cost accounting, Calculate the gain or loss on monetary items for the year. Clearly explain why it is a gain or loss

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd