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The Josetti Partnership has total partners' equity of $380,000, which is made up of Dopke, Capital, $266,000, and Hughes, Capital, $114,000. The partners share net income and loss in a ratio of 77% to Dopke and 23% to Hughes. On November 1, Nillsen is admitted to the partnership and given a 20% interest in equity and a 20% share in any income and loss. Prepare the journal entry to record the admission of Nillsen under each of the following separate assumptions .
preparing a bank reconciliation statement and journalizing entries to adjust the cash balance.on june 30 the balance in
Judy's Cars, Inc. sells collectible automobiles to consumers. Judy employs the specific identification inventory valuation method.
What is the budgeted change in inventory levels over the month of December?
dexter corporation which uses a job costing system had two jobs in process at the end of 20x0 job no. 59 wip balance
california industries has the capacity to produce up to 70000 gadgets per year. at that activity level per unit costs
Jeffrey Mogul is a Hollywood film producer and he is currently evaluating a script by new screenwriter and director, Betty Jo Thurston. Jeffrey knows that the probability of a film by a new director being a success is about .10 and the probability..
big sky mining company must install 1.5 million of new machinery in its nevada mine. it can obtain a bank loan for 100
would the following be 1 a test of control or substantive test of transaction or 2 a test of details of balance. 1.
arthur company is considering investing in an annuity contract that will return 26400 annually at the end of each year
assertions are expressed or implied representations by management that are reflected in the financial statement
on october 31 the stockholders equity section of omar company consists of common stock 560400 and retained earnings
in its 2010 annual report xyz co. reported beginning total assets of 32.0 billion ending total assets of 49.2 billion
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