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Question - Leopoldo medina contributed land, inventory, and p280,000 cash to partnership. The land has a book value of p650,000 and a market value of p1,350,000. The inventory has a book value of p600,000 and a market value of p510,000. The partnership also assumed a p350,000 note payable owed by medina that was used to purchase the land. Lenore loqueloque agreed to put up cash equivalent to medina's net investment. Prepare journal entry to record medina and loqueloque investment in the partnership.
Analyze the most common responsibility reporting systems. From your analysis, argue at least one pro and one con of using responsibility reporting systems.
This problem belongs to Accounting and it is about management's perspective on increase in return on sales
Assume that the fair value of the whole business is $300,000 greater than the book value. Show the journal entry required to record the withdrawal
Flounder estimates the standalone selling price of the installation based on an estimated cost of $450 plus a margin of 30% on cost
Frederick Company had net sales of $1,200,000 and net income of $70,000, paid income taxes of $20,000, Compute the Times Interest Earned Ratio
A total cash dividend of $90,000 was declared and payable to stockholders of record. Record dividends payable on common and preferred stock
Base on General Journal, do the worksheet ( Income statement and Balance Sheet, T-balance) and Accounts Receivable analysis and suggestions.
(Recording debits and credits) Joseph DeLapa, DDS, opened his practice on June 1, 2013. He had the following transactions during the 3-month period June.
How much revenue would Bell recognize on the 2019 income statement? What is the amount of cash flow from operating activities in 2019
phil phoenix is paid monthly. for the month of january of the current year he earned a total of 8288. the fica tax rate
Use the following information to determine this company's cash flows from investing activities.
Analyze how the organizational, management, administration, and operational functions at these three organizational levels are similar or different and why.
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