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Sanchez and Sayles were partners with capital account balances of $90,000 and $110,000, respectively. Louis directly paid $36,000 to Sanchez and $42,000 to Sayles for 25% of their interests in the partnership. Sanchez and Sayles shared income in the ratio of 2:3. They believed that revaluation of the partnership was appropriate when a new partner was admitted. Problem 1: Prepare the journal entries to record the admission of Louis to the partnership.
Examine the validity of Learner's claims regarding the impact of internal and external debts considering cases in Fiji you are familiar with.
Compute the overhead cost, according to the activity-based costing system, of a job that involves installing 1.8 squares.
What is the total future value six years from now of $50 received in one year, $200 received in two years, and $800 received in six years?
Calculate the average rate of return, the net present value, profitability index, the internal rate of return, which project should be accepted? why?
What additional profit contribution from sales will be realised from the proposed change and What is the cost of the marginal investment in accounts receivabl
Considering our current economic conditions should a business or a person create a flexible budget? What are the advantages of a flexible budget? How does a business create flexible budgets?
after which the company will keep a constant growth rate forever. Illustrate what is the price of this stock today given a required return of 12 percent?
Calculate the 'midpoint of bid ask prices at time of trade' benchmark? The market opens at 9:30 AM, at which point 15,000 shares of ABC stock trade
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On 1 January a company purchased a five-year insurance policy for RM1,800 with coverage starting immediately. What the adjusting entry at the end of first year
If you were the accountant of this organisation, what action (if any) would you take? Why? What are the ethical issues involved as a result of the sales
Question - Please explain the Efficient Market Hypothesis (EMH) and illustrate its relation to the CAPM. Outline the main pieces of empirical evidence
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