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Questions -
Q1. Mary Rose decides to buy 25% interest in the Theresa and Yvette partnership by investing P75,000 in the partnership. Theresa and Yvette's capital balances amount to P75,000 and P 100,000 respectively. After Mary Rose is accepted into the partnership how much is the capital balance of Yvette?
Q2. Pie, Jocelyn and Jun are partners in the PJJ Partnership. Pie's capital balance is P900,000, Jocelyn's balance is P150,000 and Jun's balance is P750,000. The partners share profits equally. The partnership decides to liquidate. Noncash assets valued at P2,000,000 were sold for P1,325,000. Liabilities of P200,000 were paid. How much will Jun receive if all partners have no other asset except their investment in the partnership?
Find How much potential loss would Taunton College retain per occurrence? Part Three - Captive Insurance The Risk Manager at Taunton College dreams a big dream
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Fugate Inc. is considering these two alternatives to finance its construction of a new $2,565,000 plant: 1. Issuance of 256,500 shares of common stock at the market price of $10 per share. 2. Issuance of $2,565,000, 8% bonds at face value. Complete t..
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In words, what is the impact on the probability of a loan defaulting/failing, the larger the amount borrowed, all else being equal?
A company sold PP&E for $100 cash. Prior to the sale, the net book value of the PP&E on the financial statements was $80. Thus, the company recorded a Gain on Sale of Equipment of $20 in Net Income. What is the investing cash flow in this transaction..
Determine the annual depreciation for each of the five years of estimated useful life of the equipment - Journalize the entry to record the exchange.
If the funds earn interest at the rate of 7% compounded semi-annually, what must be deposited semi-annually into this fund
What are the tax consequences of choosing the lower down payment and larger note option, assuming he has no other installment receivables.
On 1 July 2019, LongWaves Ltd purchased, Determine the amount that the machinery should be recorded for in the records of LongWaves Ltd at 1 July 2019.
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