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!
Question - On March 31, 2020, Karen admits Lanie for an interest in his business.
On this date, Karen's capital account shows a balance of P250,175. The following were agreed upon before the formation of the partnership.
1. Prepaid expenses of P11,200 and accrued expenses of P4,500 are to be recognized.
2. 4% of the outstanding accounts receivable of P90,000 of Karen is to be recognized as uncollectible.
3. Lani is to be credited with a 45% interest in the partnership and is to invest cash aside from the Equipment with a book value of P48,000 and a fair value of P46,500.
Required - How much is the adjusted capital of Karen and the new capital of the partnership?
Based on this information, what is Dawson's Retained Earnings balance at the end of the year?
Identify a limitation of using the cost method of accounting for investments in associates. Use the AASB Framework to support why believe is a limitation
sunhine service center received a 120-day, 6% note for $40,000, dated April 12 from a customer on account. What is the due date of the note?
On January 1, 2016, Dreamworld Co. began construction of a new warehouse. The building was finished and ready for use on September 30, 2017. Expenditures on the project were as follows: January 1, 2016 $307,000 September 1, 2016 $459,000 December 31,..
Administrative (SG&A) expense was $800,000. If the interest charge was $30,000 and the tax rate is 35 percent, what was the operating cash flow
Where will you collect the data you need to prepare the report? How will you collect the necessary data for the report? What will the report look like? Prepare an accounts receivable aging report in excel or another spreadsheet package?
Explain propositions of the Modigliani/Miller theorem in a world without taxes in your own words. What are the implications of the M&M-Theorem?
Determine the annual bond interest rate that they must pay if investors desire a MARR of 8% per year.
Rad Co. provides the following sales forecast and production budget for the next four months: April May June July Sales (units) 500 580 530 600 Budgeted production (units) 442 570 544 540 The company plans for finished goods inventory of 120 units at..
Loan Amortization Schedule,Amount Borrowed: $22,000,Interest rate 8%. What is the payment to pay off the loan at the end of 36th month?
Kacey Manufacturing Company applies batch-related manufacturing overhead on the basis of the number of production runs. The following information is available. The amount of over/ underapplied manufacturing overhead is?
Is it in with any international Accounting Standard for an organisation to be charging rent on asset claimed to have and the same charging depreciation
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