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As of January 1, 2011, the partnership of Canton, Yulls, and Garr had the following account balances and percentages for the sharing of profits and losses:
Cash 80,000non cash assets 205,000liabilities 47,000canton, capital (30%) 138,000Yulls, capital (40%) 119,500Garr, capital (30%) -19,500The partnership incurred losses in recent years and decided to liquidate. The liquidation expenses were expected to be $10,000.
How much of the existing cash balance could be distributed safely to partners at this time?
The following information for Cooper Enterprises is given below: December 31, 2013 Assets and obligations Plan assets (at fair value) $200,000 Accumulated benefit obligation 370,00
During 2014, Victoria’s Fashion had beginning inventory of $480,000, ending inventory of $560,000, and cost of goods sold of $2,200,000. Compute the inventory turnover and days’ in
t account for equipment beg, bal 80,000 disposal 22,000 acquisition-41,000 end bal. 99,600 acct. depreciation equip. disposa; 8,500 beg, bal 41,500
Since 1968, Dracula Limited has traded in Doncaster, South Yorkshire as a manufacturer of fancy-dress and theatrical costumes. It produces a wide range of general theatrical costum
how should i treat items in the additional information
2500 words
Question : The subsequent data pertain to a shop. The owner has made following sales forecasts for the first 5 months of the coming year.
The following accounts and balances have been taken from the general ledger trial balance of Daiton Repairs Limited as at October 31, 19×2, after its first year of operation. Adjus
What are the sailent features of branches
Lenders' evaluation: Current Assets to Current Liabilities, Quick Assets that is current assets minus inventories to Current Liabilities, Long term Debt to Net Assets, to
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