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Partnership net income of $66,000 is to divided between two partners, Elan and Brian, according to the following arrangement: There will be salary allowances of $40,000 for Elan and $20,000 for Brian, with the remainder divided equally. How much of the net income will be distributed to Elan and Brian respectively?
Can you give an example of what this number may look like by using the income statement of a real-life company?
research relevant databases to identify important recent developments within frances accounting profession including
bob filed a single return for the 2012 tax year. his adjusted gross income is 80000. he had net investment income of
The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 40,000 shares were originally issued and 5,000 were subsequently reacquired. What is the number of shares outstanding?
On the basis of the information provided, under U.S. GAAP, is goodwill associated with the Spanish operations impaired as of December 31, 2010? If so, determine the impairment loss.
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the standard costs and actual costs for direct materials direct labor and factory overhead for the manufacture of 2500
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1. why should interested parties thoroughly review an organizations financial statements? 2. why are
A detailed analysis and evaluation of company'ssolvency , liquidity and profitability position. Develop common-sized income statements for most recent two years, and comment on items which you deem important.
in the current year hanna company reported warranty expense of 192000 and the warranty liability account increased by
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