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Question - X, Y and Z have capital balances of P80,000.00, P100,000.00, and P36,000.00, respectively, and share profit and loss based on the ratio of 4:2:1, respectively. X received P52,000.00 as a result of liquidation of the partnership.
Question no. 1. How much is the total liquidation lost?
Question no. 2. How much cash did Y received as a result of liquidation?
Question no. 3. How much cash did Z received as a result of liquidation?
At the time the land was purchased, Bravo intended to hold it for 20 years. At what amount should the land be carried on Bravo's books today
A company recorded the $25,000 adjusting entry for the earning of rent received in advance by debiting revenues and crediting assets $25,000. Net income is?
Should the company purchase them from the outside supplier - Should the parts be made or bought? Assume that the capacity now used to make parts internally
Niles and Marsha adopted a little boy. They paid $16,250 in 2015 for adoption-related expenses. What amount of adoption credit is permitted in 2016?
Using fair value accounting for goodwill, under FAS 141R, determine the amount of Goodwill that "the acquiring company" enters on its balance sheet
Question 1: Which of the following could lead to cash flow problems? Question 2: Which of the following represents an internal source of cash?
The loan is to be repaid in four equal year-end installments. What amount of interest revenue should be recognized by the bank for the second year of the loan?
Alexia Corporation was organized on January 1, 2012. Prepare the paid-in capital section of stockholders' equity at December 31, 2012
a. Prepare a journal entry to record overhead applied to jobs. b. Prepare a journal entry to record actual overhead.
The hardest parts of this segment, educating how to do General Journal entries were Provision for Doubtful Debts and Purchasing another Motor Vehicle.
Calculate your estimated value today for BuyNow Shares. BuyNow limited pays an annual dividend of $2.70 and expects to pay annual dividends at this level
Finlon Upholstery Inc. uses a job-order costing system to accumulate manufacturing costs. The company's work-in-process on December 31, 2001, consisted of one job (no. 2077), which was carried on the year-end balance sheet at $156,800. There was n..
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