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Lee and Stills are partners who share income ratio of 2:1 and who have capital balances of 65,000 and 35,000 respectively. If Mor, with the consent of Stills, acquired 1/2 of Lee's interest for 40,000 for what amount would Mor's capital account be credited?
jose paid the following amounts for his son to attend big stateuniversity in 2008tuition 6000room and board 5000books
Explain the concept of “business ethics”. Critically discuss the term “complex ethical dilemma”. Reviewing the real life situations mentioned in the document Complete Guide to Ethics Management:
a company typically earns a contribution margin ratio of 25 and has current fixed costs of 80000. the general manager
What are the effect of the sale and the payoff of the loan on the accounting equation, i.e. what are the increases and/or decreases in assets, liabilities, and owners' equity?
Income tax is estimated at 40% of income. Determine the earnings per share of common stock, assuming income before bondinterest and income tax is $400,000.
William's basis in the WAM Partnership interest was $100,000 just before he received a proportionate liquidating distribution consisting of investment land (basis of $30,000, fair market value $40,000), and inventory (basis of $30,000, fair market..
on july 1 year 1 cody co. paid 1198000 for 10 20-year bonds with a face amount of 1 million. interest is paid on
you have been asked to discuss the role of the financial accountants and managerial accountants functions in
A company requires $1,020,000 in sales to meet its net income target. Its contribution margin is 30%, and fixed costs are $180,000. What is the target net income.
Faith inherited an undivided interest in a parcel of land from her father on February 15, 2005. Her father had purchased the land on August 25, 1965, and his basis for the land was $325,000.
prepare journal entries- post the entires to t accounts with the beginning balances with ending balances for raw
Becker Corporation paid cash dividends totaling 75,000 during its most recent fiscal year. How should this information be reported on Becker's statement of cash flow?
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