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The Amos, Billings, and Cleaver partnership had two assets: (1) cash of $40,000 and (2) an investment with book value of $110,000. The ratio for sharing profits and losses is 2:1:1. The balance in the capital accounts were: Amos, capital: $45,000 Billings, capital: $75,000 Cleaver, capital: $30,000 Required: If the investment was sold for $80,000, how much cash would each partner have received?
power grid engineering associates inc. provides consulting services to commercial electric utilities. the consulting
Which factors do you believe were the most prominent in encouraging business combinations in the 1990s? Which of these was the most important? Explain why.
\Natalie is thinking of repaying all amounts outstanding to her grandmother. Recall that Cookie Creations borrowed $2,000 on November 16, 2009, from Natalie's grandmother.
The introductory section of a CAFR typically includes all of the following except
keller company estimates that variable costs will be 60 of sales and fixed costs will total 1920000. the selling price
aesar and Junius orally agreed to become partners in a food testing business. one-half of $80,000, the reasonable value of Caesar’s services during the operation of the partnership. Who will prevail and why?
cam co. is evaluating a project requiring a capital expenditure of 619200. the project has an estimated life of four
Garcia Company began 2010 with net assets of $80,000. Net income calculated by using the capital maintenance concept was $21,000. During 2010 owners contributed $26,000 of new capital. By year-end, the net assets totaled $78,000. Dividends to the own..
What is the definition of externality? Distinction between positive externalities (positive spillover costs) and negative externalities (negative spillover costs)? Why do externalities exist?
Prepare a table that illustrates the percentage change in costs between the volume-based system and the strategic activity-based system.
Gilkey Corporation began the year with retained earnings of $155,000. During the year, the company issued $210,000 of common stock, recorded expenses of $600,000, and paid dividends of $40,000. If Gilkey's ending retained earnings was $165,000, wh..
question 11. during 2010 von co. sold inventory to its wholly-owned subsidiary lord co. the inventory cost 30000 and
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