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On January 1st, Susan and Roman formed a partnership called Research Consultants. Each partner invested $50,000 cash on that date. The partnership agreement stated that the partners would share net income or loss equally.During the year, Susan invested an additional $2000 and withdrew $7,500 for personal use. Roman invested an additional $1,500 and withdrew $8,500. The net income for the first year was $33,176.Instructions: Prepare a Statement of Partner's Equity as of December 31
consider the four independent situations below for an unmarried individual and analyze the effects of the capital gains
pierre corp has sales of 200000 a contribution margin ratio of 35 and a profit of 40000. if 10000 units were sold what
there are many parts to an hr department not just for the hiring process. theres the benefits office disability
assume the comments were recently overheard at an international management accounting conference. for each group of
drake appliance company an accrual basis taxpayer sells home appliances and service contracts. determine the effects of
debra acquired the following new assets during 2013dateassetcostapril 11office furniture40000july 28trucks40000november
renee manufactured and sold a gadget a specialized asset used by auto manufacturers that qualifies for the domestic
Calculate the predetermined overhead rate using direct labor costs as the allocation base. Calculate the predetermined overhead rate using machine hours as the allocation base. Which of the allocation bases is preferred? Why?
the beginning assets were 437800 beginning liabilities were 262660 common stock issued during the year totaled 45100
During 2004, XYZ Company recorded salaries expense of $85,000. The salaries payable account at January 1st had a balance of $11,000 while the salaries payable account at December 31st had a balance of $8,000. The amount of cash paid to employees f..
What is a constructive dividend? Under what circumstances is the IRS likely to argue that a constructive dividend has been paid?
wilson company has 100000 in an investment paying 6 percent per annum. each year wilson incurs 1200 of expenses related
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