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Pamela Oliver operates a sole proprietorship business that sells golf equipment. In 2013, Oliver agrees to transfer her assets and liabilities to a partnership that will operate The Golf Shop. Oliver will own a two-thirds interest in the capital of the partnership. The agreed upon values of assets and liabilities to be transferred follow. Total Accounts receivable of $115,000 will be transferred and approximately $3,500 of these accounts may be uncollectible. Merchandise inventory $ 91,000 Furniture and fixtures $ 33,000 Accounts payable $ 17,000 how do you find Oliver's capital?
1. what additional information besides simply the variance may be useful to the accountant in evaluating the variance?
Landry's Restaurants reported cost of goods sold of $322 million and accounts payable of $83 million for 2003. In 2002, cost of goods sold was $258 million and accounts payable was $72million. What was Landry's accounts payable turnover ratio in 2..
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The estimate for sampling error results because the auditor has sampled only a portion of the population. Sampling error represents the:
The actual cash received from cash sales was $11,279, and the amount indicated by the cash register total was $11,256.
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