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The partners of Bentsen & Cole LLP had capital account balances of $45,000 and $25,000, respectively. They shared net income and losses in a 3:1 ratio. Prepare journal entries to record the admission of Diaz to the limited liability partnership under the (1) bonus method, and (2) goodwill method for each of the following assumptions:
Diaz invested a single proprietorship with identifiable assets having a current fair value of $40,000 and liabilities having a current fair value of $10,000 for a 20% interest in the net assets of the partnership. Prior to admitting the new partner the old partners write up assets by $10,000.
Discuss a possible negative managerial scenario that the regional manager may be sensing. Might the manager of Store 9 be an exceptional manager? What are the ethical implications of the scenario?
a b and c start running simultaneously from the points p q and r respectively on a circular track. the distance when
GreenCo earns $1,500,000 in net profits from its German activities and makes no dividend distributions to BlueCo
define cost allocation for operational assets. what are the various time based and activity- based methods used to
The following information is given for Alpha and Beta Divisions of Fraternity Corporation. If Fraternity Corporation uses ROI to evaluate division managers, and uses historical cost as the investment base, compute the ROI for Alpha and Beta.
Based on recent history, Hodge's gross profit ratio on Product Tex is 36% of net sales. Calculate the estimated loss on the inventory from the fire
The following transaction are relevant to Michael Kelvin. Advise Michael as to his potential net taxable capital gain that may arise for him for the year ended 30 June 2015 as a result of these transactions.
Show the theoretical understanding of the above stated issues, defining them and using references where required - analysing the data and the stating as to how the companies are managing their Risk, Short Term Financial Policy, Current Capital Stru..
Why should responsibilities for certain duties, like cash handling and cash recording, be separated? What types of responsibilities should be separated?
spam inc. had the following standard costs and plans for fiscal current year for the production of custom meat products
you complete the audit of munich department store and in your opinion the financial statements are fairly presentd. on
Problem - Ignore income taxes in this problem. What is the City of Paranoya's net present value for the decision described above? Use the total cost approach
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