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Question: On July 1, CC and LL formed a partnership, agreeing to share profits and losses in the ratio of 4:6, respectively. ML contributed a parcel of land that cost her P25,000. PP contributed P50,000 cash. The land was sold for P50,000 on July 1, four hours after formation of the partnership. How much should be recorded in PP's capital account on the partnership formation?
ABC Ltd is an Indian company for 35 years and is thinking of raising capital from outside the country. Discuss the pros and cons of this asset class
Reading and understanding an organization's financial statements and accurately interpreting the information provided therein is an integral part of financial management. By analyzing and presenting on Arcadia Hospital's financial statements, stud..
The intern auditors of Tantacle Electical company report to the controller. Outline any potential risks and determine the courses of action
On July 31, 2019, Algeria Corp purchased 12%, P2,000,000 face amount bonds for P2,150,000 including accrued interest. What is the total cash received on January
Small business. The director of a small business development center located in a mid-sized city is reviewing data about its clients. In particular, she is interested in ex- amining if the distribution of business owners across the various stages o..
accounts receivable appear in the balance sheeta as current assets immediately after cash and cash equivalents.b only
The remainder is to be paid in equal monthly instalments over 2 years at a flat interest rate of 16% p.a. What is the effective rate of interest
What are the tax consequences of a qualifying stock redemption to the distributing corporation?
Discuss what could cause an ownership dispute. What is the difference between a dissenting and oppression case
What price do you expect the Manchester United plc equity stock to sell for today, if the required rate of return on equity for a company of this risk level
The company's marginal tax rate is 35%, and its required rate of return on new equipment is 15%. Should the company replace the computer equipment
Assume that the company will prepare a budgeted balance sheet as of June 30. Compute the accounts receivable as of that date.
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