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Question - ABC Partnership have the following balances before liquidation:
Cash 250,000 Accounts payable 50,000
Non-cash assets 500,000 A, loan 10,000
A, Capital (45%) 190,000
B, Capital (40%) 350,000
C, Capital (15%) 150,000
If all the partners are insolvent and the non-cash assets were sold at P 50,000, How much did C absorb in the capital deficiency of the deficient partner?
On July 1, 2011, Patton Company should increase its Held-to-Maturity Debt Securities account for the Scott Co. bonds by
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Design tests of controls, substantive tests of transactions, and analytical procedures for the following Apollo Shoes cycles:
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byrd company produces one product a putter called go-putter. byrd uses a standard cost system and determines that it
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Common stock, par value $20; authorized 75,000 shares; issued and outstanding 45,000 shares $900,000. What the journal entry for Jan using the par value method
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