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Question - John and Paul are partners who share profits and losses in the ratio of 3:2 respectively. John's salary is P180,000 and Paul's is P140,000. The partners are paid interest on their average capital balances where John received interest of P 30,000 and Paul, P 15,000. The profit and loss allocation is determined after deduction for the salary and interest payments. If John received P280,000 from partnership income, what was the total partnership income?
Fender Guitars Are Everywhere When you enter a music store searching for that perfect guitar, you expect to be able to choose from an extensive variety.
What is the individual's basis in the partnership if the partnership had $3,000,000 in liabilities prior to this transaction? An individual who runs a solo?
At the end of 8 years, the fund had an accumulated value of $45,000. If the RRSP was earning 4.50% compounded monthly, what was the size of quarterly deposits
Question - Variable costs: $300,000 ($60 per unit), What would be the effect on net income if management makes this change
XYZ Company accepted a national credit card for a $3,000 purchase. The cost of the goods sold is $2,400. The credit card company charges a 3% fee. What is the impact of this transaction on net operating income?
inverness corporation has recently begun a continuous improvement campaign. as a consequence there have been many
The fixed costs are $620,000, and the sales mix is 40% bats and 60% gloves. Compute the break-even sales for the overall enterprise
Depreciation expense is applied at a fixed % per year 0.1 and Interest on the bank loan is fixed at a % per year 0.2. How much is non-current assets
January 2015 for P520,000, had an estimated life of five years and a salvage value of P20,000. The amount of the depreciation expense for 2018 is
jackie remmers travel agency purchased land for 85000 cash on december 10 2014. at december 31 2014 the lands value has
Boeing Company is the largest manufacture of commercial aircraft in the United States and is a major employer in Seattle, Washington. Explain why each of the following individuals or organizations would be interested in financial information about..
How can Disney most effectively capture the presumed advantages of such acquisitions? What are the major risks of this strategy
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