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Question - On January 1, 20x1, A and B, who share profits and losses on a 60:40 ratio, decided to liquidate their partnership. As of this date, their capital balances were 1,200,000 and 600,000, respectively. Before liquidation, the partnership had total assets of 2,000,000. Net proceeds received from the sale of non-cash assets amounted to 1,200,000. A received 768,000 in the settlement of the partners' capital balances. How much were the total liabilities of the partnership?
The liability policy was $36,000 for eighteen-months, and the crop damage policy was $12,000 for a two-year term. What was the balance in Eve's prepaid insurance as of December 31, 20X8?
Mars investments acquired $150,000 of pluto corp., 8% bonds at their face amount on September 1, 2014. the bonds pay interest on September 1 and march 1. on march 1, 2015 mars sold $75,000 of pluto corp. bonds at 102.
What are the fixed costs of hamburger production? (Do not round intermediate calculations. Enter your answer in millions rounded to 3 decimal places.)
An element of just-in-time processing is
One way to display the balance sheet is to use these menu bar selections: On the Navigation Bar, make the following selections to record a payment on account: The Balance Sheet will divide the assets section as follows: To go from the income statemen..
Creat a journal entry to record income taxes for the year 2010. Show well-labeled computations for the amount of income tax payable and the change in the deferred tax account.
How much cash is to be invested by Exhale? Prepaid expenses of P5,000 and accrued expenses of P17,500 are to be recognized. 5% of the P100,000 recorded.
What was the bomb's real return for the year? The bond price was $945.74 at the beginning of the year and $977.92 at the end of the year.
At the end of the year a company reports a balance in its allowance for uncolletible accounts of $1,400 (credit) before any year-end adjustment. The company esitmates future uncollectible accounts to be 4% of creid sales for the year. Credit sales fo..
Using the preceding data, complete income statement and the balance sheet. Prepare a vertical analysis of income statement by relating each item to net sales.
What financial record will be forwarded to the landlord each month and what items will it contain for the landlords information? Provide an example.
After finding out that the dealer's cost, What is the total price (P) to be used in the auto loan formula? How much would be the monthly payment for Julia?
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