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The partnership of Lewis and Clark had these balances at April 30, 2008: Cash........$28,000 Liabilities........56,000 Clark Capital...14,000 Other Assests...84,000 Service Revenue....$196,000 Lewis, Capital....42,000 Total Expenses.....49,000 Lewis gets 70% of profits and losses, and clark gets 30%. Prepare the partnership's income statement for hte year ended April 30, 2008.
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A company issued 8%, 20-year bonds with a face amount of $72 million. The market yield for bonds of similar risk and maturity is 9%. Interest is paid semiannually. At what price did the bonds sell? Use the table PV of1, FV of 1, FVA of 1, PVA ..
finishing department costswork in process inventory april 1 450unit materials 100 compleete conversion 60
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