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Question - On May 1, 2022, Carlo and Jamie formed a partnership by contributing P500,000 each.
In addition to Carlo's cash contribution, he invested furniture and fixtures costing P150,000 but with an agreed value of P80,000.
Moreover, Jamie invested land with a fair value of P1,200,000 but with professional appraiser's value of P1,110,000 subject to unpaid mortgage of P250,000.
Profit or loss is to be shared equally between the partners. How much will be the total capitalization of the partnership after the investment of Carlo and Jamie?
Cheyenne Cosmetics acquired 10% of the 191,000 shares of common stock of Martinez Fashion at a total cost of $14 per share on March 18, 2020. On June 30.
Outline the Electronic Product Environment Assessment for rating computer products.
On September 1, 2012, Winans Corporation acquired Aumont Enterprises for a cash payment of $708,440. Compute the amount of goodwill acquired by Winans
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Problem - Effect of Doubtful Accounts on Net Income - During its first year of operations, Fisher Plumbing Supply Co. had sales of $2,780,000
The value of the swap contract increased $48,000. Prepare the journal entry to record the change in the fair value of the swap contract on December 31, 2020
a company constructs a building for its own use. construction began on january 1 and ended on december 30. the
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Prepare 2020 entries for Flint Equipment. Assume that Flint Equipment estimates the total cost of servicing the warranties will be $57,000 for 2 years
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