User Account

All Pages

How much net income did partnership earn

Assignment Help Accounting Basics
Reference no: EM13516866

Hiram and Tyrone are partners who agree that Hiam will receive $50000 salary allowane and that any remaining income or loss will be shared equally. If Tyrone is credited for $1000 as her share of the net income in a given perio, how much net income did the partnership earn in that period?

Reference no: EM13516866

Questions Cloud

Calculate how fast is each particle moving : Two particles each have a mass of 7.1 x 10-4 kg. One has a charge of +6.7 x 10-6 C, and the other has a charge of -6.7 x 10-6 C. How fast is each particle moving when the separation between them is one-half its initial value
Find the current induced in the loop : A square loop with 80 tight turns and sides 15 cm is made with copper wire of diameter 1.2 mm. determine the current induced in the loop
Find the force acting each wire due to the other one : Two parallel current carrying wires are separated by 12 cm and each are 50 cm in length. find the Force acting each wire due to the other one
Relative isolation into an international role : From the Spanish American War, until the current conflict in the Middle East, why does the United States move from relative isolation into an international role and what are the consequences for U.S. society of that change?
How much net income did partnership earn : Tyrone is credited for $1000 as her share of the net income in a given perio, how much net income did the partnership earn in that period?
Compute the direction of the electric field in the room : small 12.8g plastic ball is tied to a very light 26.9cm string that is attached to the vertical wall of a room. Find the direction of the electric field in the room
Explain saturated aqueous solution of caf2 : 250 ML of a saturated aqueous solution of CaF2 at 25 degrees celsius is found to contain 0.0040 g of dissolved CaF2. Find Ksp of CaF2 in water at 25 degrees celsius.
Calculate the length of the organ pipe : A string with a mass per length of 2.00 gm/m is stretched with a force of 120 N between two points that are 0.40 m apart. What is the length of the organ pipe
Explain the maximun number of moles of pbcl2 : Find the maximun number of moles of PbCl2 that can be dissolved in 1.00 L of 0.30 M NaCl(aq) at 25 degrees celsius, given that Ksp = 1.7 x 10^-5 fpr PbCl2 at 25 degrees celsius.

Reviews

Write a Review

Accounting Basics Questions & Answers

  The following information pertains to the east division of

the following information pertains to the east division of saturn companynet

  The equipments salvage value is zero and doug uses

dougs custom construction company is considering three new projects each requiring an equipment investment of 23320.

  Pervasive factors-misstate assertions in expenditure cycle

Identify several pervasive factors that might motivate management to misstate assertions in the expenditure cycle.

  Should you accept this project using the discounted payback

you are ceo of acme inc. located in the united states. you use the discounted payback period method and accept all

  Conducting a fraud investigation

Many reasons exist to conduct a fraud investigation, but the specific objectives usually involve obtaining evidence for one or more of the following purposes:

  Appropriate option pricing model

The options are exercisable between January 1, 2014, and December 31, 2016, at 81% of the quoted market price on January 1, 2011, which was $16. The fair value of the 20 million options, estimated by an appropriate option pricing model, is $6 per ..

  The beginning assets were 437800 beginning liabilities were

the beginning assets were 437800 beginning liabilities were 262660 common stock issued during the year totaled 45100

  Advantages-disadvantages of ideal versus normal standards

The comparative advantages and disadvantages of ideal versus normal standards. The factors that should be included in setting the price and quantity standards for direct materials, direct labor, and manufacturing overhead.

  Cash disbursements for manufacturing overhead

The February cash disbursements for manufacturing overhead on the manufacturing overhead budget should be:

  Make the journal entry from garcia equipments standpoint if

as the struggling owner of a new restaurant you suffer from a habitual shortage of cash. yesterday the following

  Since the primary rationale for any operating merger is

q1 if a petrochemical firm that used oil as feedstock merged with an oil producer that had large oil reserves and a

  History to reduce the usefulness of direct labor

Discuss the current events in recent industrial history to reduce the usefulness of direct labor as the primary basis for allocating overhead to products. What is your view of this practice?

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