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!
Question: Francine and Shaun formed a partnership on 1 July 2017. Some of Francine's business assets and liabilities were assumed by the partnership, and these are listed below at both carrying amounts and fair value. Cash at bank Accounts receivable Inventory Equipment Loan $ Carrying amount 62 000 34 000 98 600 320 000 80 000 Fair value $ 62000 34 000 96 000 430 000 80 000 Shaun contributed a commercial property to the partnership that had a fair value of $1 200 000 which was financed by a mortgage of $680 000. They agreed to share profits and losses evenly. The partnership earned a profit of $254 800 for the financial year ended on 30 June, 2018. Retained Earnings accounts are not used. Ignore GST.
Required:
Question 1) Prepare the journal entries to record the initial investments of both partners.
Question 2) Prepare the closing general journal entry to distribute the profit to Francine and Shaun.
A period of active hyperventilation may be followed by a decrease in respiration rate and tidal volume. Explain why.
Discuss how elimination complexities can affect the lives of patients and their families. Discuss the nurse's role in supporting the patient's psychological.
Do you agree or disagree with this quote? Do you believe people are conditioned (taught) to hate or is hate a natural occurrence? If hate is learned
How do we regulate interest groups and lobbying activity? What are the goals of these regulations? Do you think these regulations achieve their objectives?
Can you explain the difference between hypothetical and categorical imperatives and provide three examples of each, taken from the field of criminal justice?
Harlem Renaissance Poets. Essay & Poem. Choose two (2) poems by different authors from the Harlem Renaissance. Write an essay that: Describes each author's role and importance within the Harlem Renaissance
What can MICAH ( Milwaukee Interfaith Congregations Allied for Hope), which is an cwhich is affiliated with Gamaliel, faith-based organizing in the Alinsky trad
Where on the H- R diagrame does a star spend most of its life?
you are on the design team for building an overhead bridge crane for use in-house within the company. the design team
Describe any potential biases in the assessment tool. Explain how biases in administering your selected tool can be avoided.
Discuss the three stages of Alzheimers disease; make sure to include neurodegeneration in your discussion. Use one professional reference
Describe your ideal work situation. Is it a rural clinic or major trauma center? Who do you want to work with?
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