Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Amr and Tarek are partners, each has an interest of $22,000 and $23,000 respectively. they share profits and losses in the ratio of 6:4 Hisham is a new partner.
Hisham is a new partner;
case 1: Assume he'll purchase one fourth capital interest of each partner.
case 2: Assume he'll invest $15,000
case 3: Assume he'll invest $19,000
case 4: Assume he'll invest $12,600
to get 1/4 of the partnership.
Question 1: What would be the journal entry to admit Hisham in each case.
How much interest expense will Cramer Company report in its December 31, 2021, income statement (assume straight-line amortization)?
Why Kirtland reports $ 87 million as net income, but a much larger amount,$ 485 million as retained earnings. Which financial statement shows computation
Dawson Corporation transferred $80,000 of accounts receivable to a factor without recourse. The factor charged a 12% fee and the companies agreed that $4,000 is a rreasonable estimate for returns and allowances on the accounts. Calculate the amount o..
During October, Dorinirl Corporation inurred $60,000 of direct labor costs and $5,000 of indirect labor costs. The journal entry to record the accrual of these wages would include a:
Explain what a transfer price is, what the criteria should be for evaluating potential transfer price, and provide an example of transfer pricing in action assuming: a) excess capacity and b) no excess capacity. Review the Forbes article: Transfer Pr..
on may 31 the inventory balances of princess designs a manufacturer of high-quality childrens clothing were as follows
Financial statement presentation You are a senior financial accountant at Thunder Ltd. One of the new graduate accountants has prepared the following statement of financial position as at 30 June 2016, after its first year of operations: Review the s..
Prepaid expenses- insurance - Use the horizontal model or write the journal entry to record the payment of a one-year insurance premium of 3,000 on March 1.
What message is being conveyed to users the performance of both companies? Discuss fully. How can the discrepancy be avoided
Prepare direct materials budget for the chips, by quarter and in total, for Year 2 including the dollar amount of purchases for each quarter and for the year in total.
What was Lance? Murdock's rate of? return, that? is, the value of i?? Enter a negative percentage for a loss. What was his rate of? return, that? is the value i
Prepare, using the operating approach, an estimate of EVA NOPAT. In addition to the above data, you discovered the following: increase during the year of the LIFO reserve.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd