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B and O are partners that share income in a ratio of 2:3, with capital balances of $50,000 and $30,000, respectively. R is admitted into the partnership by investing $20,000, and is given 40% interest. What is B's capital balance after the admittance?
bob and lisa must replace their old car as soon as possible. they have found a new one that meets their needs and have
Determine the patent amortization expense for the current year ended December 31, 2010
princess cruise lines has the following service departments concierge valet and maintenance. expenses for these
The program itself, which is accounted for in a special revenue fund, is funded by both direct contributions and the income from the permanent fund. At the start of the year, the special revenue fund had assets (all invested) of $26,000.
cyrpton electronics has a capital structure consisting of 41 common stock and 59 debt. a debt issue of 1000 par value
A manual insertion process takes 30 minutes and eight pounds of material to produce a product. Automating the insertion process requires 15 minutes of machine time and 7.5 pounds of material.
when the cost method is used to account for an investment the carring value of the investment is affected bya the
At the time the machine was purchased, the market rate of interest was 10%. The amount that should be debited to the asset account, Machinery, on the date of purchase is (round to the nearest dollar)
Linda Ratzlaff decides to purchase from an existing partner for $50,000 a one-third interest in a partnership. What effect does this transaction have on partnership net assets
assume that you open a 100 share short position in jiffy inc. common stock at the bid-ask prices of 32.00 - 32.50. when
explain how a companys growth can outpace current controls and provide an expanded example.describe a common fraud
walden company leases manufacturing equipment from preston rentals co. on january 1 2012. the following data pertain to
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