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1. Alpha Co. capital balances are: Ace $30,000, Bly $25,000, and Cox $20,000. The partners share income equally. Day is admitted to the firm by purchasing one-half of Cox's interest for $13,000. Journalize the admission of Day to the partnership.
At year-end, only $24,000 of merchandise was still being held by Yarby. What amount of unrealized gain must be deferred by Bowler?
Discuss the advantage and disadvantage of the application of equivalent units in processing
in 2010 colorado became the first state to require nondomiciliary businesses without sales tax nexus to report all the
in early january 2009 sanchez builders purchase equipment for 102000 to use in operating activities for the next five
cost allocation is a method to identify and distribute indirect costs. direct costs are costs assignable to a specific
Angel is looking to expand her current business, Sports Nation. She currently has been providing training at her basketball court, but wants to seize a rare opportunity to purchase adjacent land so that she can develop an entire facility for a..
missouri river energy compnay provides electrical services to several rural counties in nebraska and south dakota. its
Eagle Tools, Inc., the manufacturer of the gun, for product liability, on the ground of strict liability. What are the elements for an action based on strict liability? In whose favor is the court likely to rule?
Examine the steps necessary to complete a sale and discuss how the sales order process is integrated with other processes (credit and collections, delivery, etc.). Indicate your overall satisfaction with the process.
discuss the purpose of adjusting entries?what is the relationship of internal transactions to the adjusting
max nat and roberta formed a partnership to operate a dry-cleaning business. they agreed to share initial capital and
For evaluating the given project, capital budgeting technique Net present value (NPV) & Internal rate of return (IRR) is used. For the calculations, we first calculate the depreciation by dividing the (initial investment -salvage value) by the lif..
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