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Question - Juan and Jose are partners who share profits and losses in the ratio of 4:6 respectively. Juan's salary is P 80,000 and Jose if P 40,000. The partners are paid interest on their average capital balances where Juan received interest of P 30,000 and Jose P 15,000. The profit and loss allocation is determined after deduction for the salary and interest payments. If Jose received P 120,000 from partnership income, what was the total partnership income?
Analysis of Tas Return: As you review the tax return and information, what tax planning recommendations do you have for this business
XYZ Electronic Ltd. is forecasting to pay a dividend of $0.4 in the coming year. Calculate the cost of equity for ordinary shares and value of ordinary shares
If the margin of safety for Watkins Company was 20%, fixed costs were $979, 200, and variable costs were 80% of sales, what was the amount of actual sales?
Thor elects to expense $25,000 of the acquisition cost under Tax Code Section 179. What is Thor's total depreciation deduction for the machine in 2014
Create a project charter and identify the key constraints of the project
A company has sales (all on credit) of $8,30,000 and a cost of goods sold of $5,25,000. Calculate the inventory turnover ratio
Jacques Company reported net income of $5,000,000 for the current year. What amount should be the balance of Investment in Jacques Company
Identify any FIVE users of financial information and explain how their needs are met by financial information. briefly on the pros and cons of using straight
The total depreciation expense for the period will be $8,775. An interest payment on outstanding debt of $15,000 will be made in December. Using the information given, construct a pro forma income statement for the final quarter of 2004 for Parker..
Find how should METTLE account for the tax effect of the share options? On January 1, 20x1, Franklin Co. issued share options to its employees.
Before considering the dividend, Bob is in the 10% marginal tax bracket and Leo is in the 28% marginal tax bracket. Which of the following statements is incorrect?
Prepare 2011, 2012 and 2013 entries related to this equipment for Pepper and Salt in their internal record
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