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Problem 1: Johnson and Pritchard are partners. They are changing the profit and loss ratios from the current 60/40 to 70/30. At the date of the change, vacant land owned by the partnership has a book value of P50,000 and a market value of P60,000. The partners choose to have an itemized list of assets with market values different from book values. If the land is sold in the future for P80,000, how much of the gain will be assigned to Pritchard?
How will the Budgeted Income Statement for May and June 2020 look like? What is the operating profit or loss for each of the months?
ACC202 Management Accounting Assignment - Case Study Project, King's Own Institute, Australia. Prepare a revised profit statement by division
The company's beta is 1.4. Assuming that the company uses the CAPM to calculate its cost of equity. Calculate its weighted average cost of capital.
how these events affect the balance sheet, income statement, and statement of cash flows by recording them in a horizontal financial statements model
Fixed manufacturing overhead cost was $1 per unit for units in beginning and in ending inventory. What was the absorption costing net operating income year?
When a company buy an intangible asset, what is the correct journal entry?Credit intangible asset, debit cash/Debit intangible asset, credit cash
What is job costing system and how it helps corporations in generating unique commodities/merchandise?
Demonstrate the current residual income of the Northeast Division and the division's residual income if the competitor is acquired. Will divisional management
Do you believe that Qwest had established an effective system of internal control over financial reporting related to the presentation and disclosure of its nonrecurring revenue? Why or why not?
BUACC3714 Advanced Management Accounting - Discuss opportunities and challenges for accounting profession in this new world of holistic corporate reporting
A project has estimated annual net cash flows, Determine the net present value of the project and the present value index. (rounded to two decimal places).
Calculate the payback period of the equipment. Calculate the purchase price of the equipment. Geneva Fitness Center is considering an investment.
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