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Question - Ben and Olive are partners who share income in the ratio of 1:3 and have capital balances of 70,000 and 30,000 respectively. Ram is admitted to the partnership and is given 40% interest by investing 20,000. What is Olive's capital after admitting Ram?
Unamortized discount on bonds payable for $64,000. The bonds were issued on dec 31, 2008 at 95 with interest payable on june 30 and december 31( straight line). On january 1 2011 marin retire $640,000 of these bonds at 101. what are the journal en..
Which of channels is used only for messages sent within a business or organisation? Which sentence employ the conversational yet friendly tone?
silken corp. reported net income of 420000 for 2014. changes occurred in several balance sheet accounts as
Variable expenses 32,500 and Fixed expenses 12,250. What is the break-even point for Mishoe Corporation in unit sales? Please explain
Prepare a letter to Renee explaining the purpose of the cash flow statement and why the banker is interested in this financial statement.
On this date, S Ltd has an unrecognized brand that is deemed to have a fair value of $100 million. Find the consolidation journal entry
Bronson's fiscal year end is June 30. What would the depreciation expense be for 2020 if Bronson Co. used the double-declining-balance method
the perfect tool company produced 80000 saw blades during the year. it took 1.5 hours of labor per blade at a rate of
During a year, Great Northern Company reported income tax expense of $200,000. How much cash was paid for income taxes during for the year
On October 1, 2018, Microchip lent $100,000 to another company. Prepare the necessary adjusting entries at December 31, 2018, for the Microchip Company
Moran owns a building he bought during year 0 for $223,000. What is the amount and character of the gain Moran recognize
If I decide to wait 10 years before starting your deposits, how large will my account be at retirement (in 20 years)
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