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!
C purchases proportionate interest from A and B representing 10% interest in the partnership for 100,000. The net assets of the firm as of this date approximate their fair values.
REQUIREMENT:
Problem A. Provide the journal entry to record the admission of C
Problem B. Compute for the capital balances of the partners after in the partnership books?
Problem C. How much is the gains or loss to be recognized in the partnership book?
Problem D. How much are the personal gain or looses of A and B ,respectively?
Assume that Federal has already recorded its 2014 interest payment and the fair value of the bonds on December 31, 2014 had dropped to $91.200 million. Calculate the PV of the remaining payments (CV of B/P) as of December 31, 2014 and prepare the jou..
The following amounts were taken from the accounting records of Bontancia Services, Inc., as of August 31, 2011. Bontancia Services began its operations on September 1, 2010.
Discuss what you understand about capital budgeting and justify why we need them. What was themain reason why the activities of Capital Budgeting
Compute the present value of the total annual benefits. (Do not round intermediate calculations and round your answer to the nearest whole dollar.)
Bonds are sold at a premium if
Smith, Inc., has the following stockholders’ equity accounts as of January 1, 2014: Preferred stock—$100 par, nonvoting and nonparticipating, 6 percent cumulative dividend $ 2,110,000 Common stock—$10 par value 4,110,000 Retained earnings 10,110,000 ..
If Swannanoa Company's budgeted sales are $1,000,000, fixed costs are $350,000, and variable costs are $600,000, what is the budgeted contribution margin ratio? If the contribution margin ratio is 30%, sales are $900,000 and fixed costs are $200,000,..
The following information is taken from the accrual accounting records of Kroger Sales Company: During January, Kroger paid $9,150 for supplies to be used in sales to customers during the next 2 months (February and March). The supplies will be used ..
The company commits to a plan to sell, At the time of reclassification as held for sale, what amount should the noncurrent asset held for sale be recognized?
The overall stock market has a 10.6 percent rate of return and a risk premium of 8.7 percent. What is the expected rate of return on this stock?
Prepare the adjusting entries for the month of June. Use J3 as the page number for your journal. Prepare an adjusted trial balance at June 30, 2008. Post the adjusting entries to the ledger accounts.
Applying Overhead; Cost of Goods Manufactured-The following cost data relate to the manufacturing activities of Black Company during the just completed year: Compute the amount of underapplied or overapplied overhead cost for the year. Prepare a sche..
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