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Stings and Pierce from a partnership. Stings invests €100,000 and Pierce €200,000. If there are any profits or losses they will share them as follows:
They will receive a salary of €50,000Any remaining amount will be allocated ¾ to Stings and ¼ to Pierce Problem 1: If the partnership income for the yar is €90,000, what amount will be allocated to Stings and what to Pierce?
A wholly unperformed contract is one in which the company has neither transferred the promised goods, Why are these contracts not recorded in the accounts
describe the pros and cons of mail telephone in-depth interviews and online surveys. which research method do you think
On December 31, 2009, the inventory of Powhattan Company amounts to $800,000. During 2010, the company decides to use the dollar-value LIFO method of costing inventories.
Describe a situation in which RFID could be used in a business setting.
Eastern Airlines knows that 20 % of its customers fly first class, 20 % fly business class, Construct a probability table for this problem
Total service fees earned amounted to 6,000,000, one-third of which was on cash basis. Provide the journal entries for the transactions
rentoul inc. made two sales.it sold land having a fair value of 900000 in exchange for a 4-year zero-interest-bearing
identify at least three 3 risks and three 3 benefits of using the perpetual inventory management system. discuss the
list some of the choices management could make to increase reported earnings but lower the quality of reported
The ledger account for the long term investments, How much is the correct balance of the permanent investment account as at December 31, 2017?
mark malone pete patton and sally spencer formed a partnership on january 1 2008. their original capital investments
the financial statements of the melton manufacturing company reports net sales of 300000 and accounts receivable of
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