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Paul invest $10,000 cash in an equipment leasing activity for 15% ownership share in the business. The remaining 85% owner is Amanda. Amanda contributes $10,000 and personally borrows $75,000 that she also invests in the business. What are the at-risk amounts for Paul and Amanda? a. Paul $10,000 Amanda $10,000b. Paul $10,000 Amanda $85,000c. Paul $10,000 Amanda $73,750d. Paul $21,250 Amanda 73,750
Variable costing fell out of favor in management circles because:
Visit a local movie theater and check out both its concession area and its showing areas. The manager of a theater must confront questions such as: How much return do we earn on concessions?
At the start of february pete's had salaries payable outstanding of $17,000. on february 4th,pete sent out paychecks to its employees valued at $20,000. prepare the journal entry for this transaction.
Who will receive exchange treatment as a result of the redemption?
if the sales manager accepts a rush order that will result in higher than normal manufacturing costs, these additional costs are charged to the sales manager because the authority to accept or decline the rush order was given to the sales manager...
During the year, total liabilities increased $100,000 and owner's equity decreased $70,000 What is the amount of total assets at the end of the year?
Identify at least two different accounting careers that you would like to pursue. What excites you about these careers?
If the bonds bear interest at 12%, which is paid semiannually on January 1 and July 1, what is the total cost to be debited to the investment account?
Determine which step in estimating a cost function using quality analysis is the most likely to present the greatest challenge and how you would address that challenge.
What is a complete liquidation? A partial liquidation? Explain the difference in tax treatment accorded these two different events. Also, provide specific examples.
Freddy purchased a certificate of deposit for $20,000 on January 1, 2010. The certificate's maturity value in two years (December 31, 2011) is $22,050, yielding 5% before-tax interest.
What are some methods a business uses to determine if the activity is value added or not? How do you think business learn from customers (consumers) what is value added and what is not value added?
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