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1 I invested $20,000 into this partnership and I've received distributions of $12,000 so my basis is now $8,000, correct? 2 If i'm a limited partner in a limited partnership, is it true I can have no voice in management. That doesn't seem fair. Should I change my status to a general partner. What the heck, to be able to add my two cents, it might be worth it.
Component depreciation is allowed under GAAP but is rarely used. Under IFRS it is required. Should component depreciation be required or allowed or prohibited? Defend your answer and remember, it is allowed under GAAP but rarely used.
kimm company has gathered the following information about its product.direct materials each unit of product contains
On January 1, 2004, Digital, Inc. leased heavy machinery from Young Leasing Company. The terms of the lease require semi-annual payments of $20,000 every six months for ten years beginning on June 30, 2004. The annual interest rate on the lease is..
in the consideration of internal control the auditor is basically concerned that internal control provides reasonable
Find out the minimum space requirements for a factory shed, where such lathes are to be installed. The production is done on single shift basis, @ 8 hrs per day for a week of 6 working days and for 50 weeks/year.
A person received an inheritance of 500000 rs and want to invest a portion of it for future. His goal to accumulate 700000 rs in 12 year. How much of the inheritance should be invested if the money earns interest at 12% per year compounded semi an..
cardinals corporation had a 1114 balance in the allowance for doubtful accounts of 20000. during 2014 it wrote off
caballero manufacturing incurs unit costs of 15 10 variable and 5 fixed in making a sub-assembly part for its finished
On January 5, 2010, Jane purchased a bond paying interest at 6% for $30,000. On September 30, 2010, she gave the bond to Tim. The bond pays $1,800 interest on December 31. Jane and Tim are cash basis taxpayers. When Tim collects the interest in De..
what is a flow-through entity? what advantages do flow-through entities have over a regular corporation? compare and
what do fine and course grained versions of the same rock type such as basalt and gabbro tell you about their origins?
After net income is entered on the work sheet, the Balance Sheet debit and credit columns must:
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