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Problem 1: On July 1,2013, Monuz and pardo form a partnership, agreeing to share profits and losses in the ratio of 4:6, respectively. Monuz contributed a parcel of land that cost him P25,000. Pardo contributed P50,000 cash. The land was sold for P50,000 on july 1,2013 four hours after formation of the partnership. how much should be recorded in monuz capital account on formation of the partnership
Calculate net present value based on a given set of facts - Calculate internal rate of return based on a given set of facts
(Lump-Sum Sales of Stock with Preferred Stock) Dave Matthew Inc. issues 500 shares of $10 par value common stock and 100 shares of $100 par value preferred stock for a lump sum of $100,000. Prepare the journal entry for the issuance when the market p..
Suppose that management is considering preparing segmented information but is unsure on how to identify a segment and is unsure on why the information is important. Outline a brief memo to management explaining the importance of segmented information..
Describe the ethical issue, including the client background, Describe actions that worked or didn't work in resolving the ethical dilemma.
Which of the following decreases a partner’s basis in the partner’s partnership interest? Jim, one of two equal partners of the JJ Partnership, a general partnership, contributed business property with an adjusted basis to him of $15,000 and a fair m..
Why average inventory always have to calculate order quantity divided by 2? if this question,why carrying cost is 1.8*(500/2)?
Assume the company requires 20 of the next quarters sales in ending inventory and that beginning inventory of t-shirts for the first quarter of the year.
1.Following are two income statements for Alexis Co. for the year ended December 31.
Sommers Fabrication Corporation has a standard cost system in which it applies variable manufacturing overhead to products on the basis of standard machine-hours (MHs) at $8.70 per MH. The company budgeted its fixed manufacturing overhead cost at $64..
Acton Corporation, which applies manufacturing overhead on the basis of machine-hours, has provided the following data for its most recent year of operations. The estimates of the manufacturing overhead and of machine-hours were made at the beginning..
increase in sales related to the increase in inventory.is the increase in sales related to the increase in
Listed here are a number of accounts: Land, Common stock, Merchandise inventory, Equipment, Cost of goods sold,
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