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Journalize partner's original investment
Brittany Adams contributed a patent, accounts receivable, and $61,000 cash to a partnership. The patent had a book value of $56,000. However, the technology covered by the patent appeared to have significant market potential. Thus, the patent was appraised at $240,000. The accounts receivable control account was $78,000, with an allowance for doubtful accounts of $4,000. The partnership also assumed a $15,000 account payable from Adams.
Provide the journal entry for Adams' contribution to the partnership.
What is the cost per broadcast hour during July and September for each of these cost items? What is the total incurred for each of these costs during December if the TV stations activity is 420 braodcast hours?
martinez companys relevant range of production is 7500 units to 12500 units. when it produces and sells 10000 units its
Calculate the optimum production plan the firm should follow next year given the above constraints and calculate the maximum amount it would be worth the firm paying per hour, to rent an additional specialist machine.
The Coastal Landscaping and Snow Removal company employs normal costing to assign overhead costs to firm's various jobs. Labor is charged to jobs at $25 per hour and for upcoming winter session, overhead is estimated at $200,000 for $10,000 hours ..
State your chosen business and what products (ideally 2 complementary products) you intend to sell. Provide in your own words, background as to the general price of goods available in the London area.
Barone Supply bought equipment at a cost of $48,000 on January 2, 1997. It originally had an estimated life of ten years and a salvage value of $8,000. Barone uses the straight-line depreciation method. On December 31, 2000
Prepare a narrative report explaining how your sales budget was determined. Use the table above in your analysis and prepare a sales budget in good form.
Prepare a contribution format income statement for the Robinson Company.
Evaluate Pursco's foreign tax credit limitation under the subsequent independent assumptions.
Prepare McCrackens cash budget for the month of May. Use good form. McCracken expects to have $24,000 of cash on hand at the beginning of May.
Return On Investment measurement issues.. Green Company has prepared the following information for three of its divisions:
Prepare the 2013 Form 1040 and all other required Federal forms and schedules for Brett Simons. The returns should be prepared taking the maximum tax benefit allowable into consideration. Round all amounts to whole dollars.
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