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Question - Henry Jones contributed equipment, inventory, and $45,300 cash to a partnership. The equipment had a book value of $25,400 and market value of $34,600. The inventory had a book value of $48,000 but only had a market value of $19,600 due to obsolescence. The partnership also assumed a $14,400 note payable owed by Henry that was originally used to purchase the equipment. What amount should be recorded to Henry's capital account?
Average total assets for 2018 was $800,000. Calculate the profit margin on sales, return on assets, and return on shareholders' equity for 2018
this question is to be considered independently of all other questions relating to robledo corporation. refer to the
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Is the Building Authority a component unit of the city? If so, how should the city report the financial activities of the Building Authority?
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Misty Company reported the following before-tax items during the current year: Sales revenue $1,256. What is Misty net income for the current year
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