Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Capital balances and profit and loss sharing ratios of the partners in the BIG Entertainment Galley are as follows:
Ben capital (50%) ............ $ 700,000Irv capital (30%) ............... 480,000Geo capital (20%) .............. 300,000Total .......................... $1,480,000Ben needs money and agrees to assign half of his interest in the partnership to Pet for $180,000 cash. Pet pays $180,000 directly to Ben.
REQUIRED
1. Prepare a journal entry to record the assignment of half of Ben's interest in the partnership to Pet.
2. What is the total capital of the BIG partnership immediately after the assignment of the interest to Pet?
What would be the incremental effect on the company's overall profit of reworking and selling the material rather than selling it as is as scrap and what is the relevant cost of the 880 liters of the raw material when deciding how much to bid on th..
Can Ludwig use a job-order costing system to account for the costs associated with the special order even though it uses a process costing system for its normal operations?
nbspquestionjoint ventures and partnerships please respond to the subsequent from the e-activity evaluate a significant
Determine what amount should Funzy report as a promotional expense on its December 31, 2011, income statement?
The firm is proposing to buy a new plant which can generate additional annual profit of Rs. 10,000. The fixed costs of new plant is expected to Rs. 4000. The new plant will increase the sales volume by Rs. 40,000. It can be assumed that the ratio bet..
what are the organisational ethical leadership problems that resulted in columbia/HCA's misconduct and discuss the strengths and weakness of HCAs current ethics programe
Explain through a real world example of how accounting and budgeting information can contribute to, and support , effective strategic decision making.
Evaluate the basic EPS and the diluted EPS for Peak Performance
Determine the amount of Wally Lowman's capital as of March 1 of the current year - Prepare an income statement for March
What financial statements and accounts are affected and define transportation-in. Is it a product or a period cost?
a. a program in the engineering and manufacturing development emd phase has just been instructed to add some new
question bemidji manufacturing manufactures laptop computers in three departments assembly packaging and testing. prior
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd