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Sharp and townson had capital balances of 60,000 and 90,000 respectively at the beginning of the current fiscal year. the articles of partnership provide for salary allowances of 25,000 and 30,000 respectivley. An allowance of interest at 12% on the capital balances at the beginning of the year. with the remaining net income divided equally. net income for the current year was 50,000. Determine the amount of income allocated to each partner.
here are the 2011 revenues for the wendover group practice association for four different budgets in thousands of
hemingways hot dogs sell for 2.00 each. teh hot dogs cost hemingway 0.95 and commissions ae 0.15 per hot dog. how many
at december 31 2011 and 2010 miley corp. had 180000 shares of common stock and 10000 shares of 5 100 par value
describe the Statement of Cash Flows for a public college. Should the direct method be used? OR can the indirect method be used? What are the reconciliation starting and ending points? Is the cash flow statement similar to any that are produced fo..
overstock has 31000 labor hours available for producing a and b. consider the following informationproduct aproduct
merchandise with an invoice price of 2000 was purchased on october 3 terms 115 n60. the company uses the net method to
abc auto insurance classifies drivers as good medium or poor risks. drivers who apply to them for insurance fall into
dec. 1 the van loan payment is due on the first of each month therefore at dec. 31 one month of interest has accrued
manufacturing overhead was estimated to be 489600 for the year along with 20400 direct labor hours. actual
presented below is selected account information related to fryman inc. at year-end. all these accounts have debit
shannon company segments its income statement into its north and south divisions. the companys overall sales
Prepare a classified balance sheet in good form. common stock authorized was 400,000 shares, and preferred stock authorized was 20,000 shares.
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