Q: Norte De University, an exclusive educational institution, has the following selected information f. F: In a partnership, a partner receives a salary supplement based on: a. Number of years the partner has been. A, B and C decided to form ABC Partnership. It was agreed that A would provide equipment with an estimated value of 200,000 Philippine pesos, with historical costs of 1,600,000 pesos and a cumulative depreciation of 1,200,000 pesos. A, B and C decided to form ABC Partnership. It was agreed that A would provide equipment with an estimated value of 100,000 Philippine pesos, with historical costs of 800,000 pesos and a cumulative depreciation of 600,000 pesos. A day after the partnership was set up, the equipment for 300,000 pesos was sold. B will contribute a plot of land and a building with a book value of 1,200,000 pesos and a fair value of 1,500,000 pesos. The land and building are subject to a mortgage of 300,000 pesos, which will be covered by the partnership. The partners agreed that B would hold a 60% stake in the partnership. The partners also agreed that C would contribute sufficiently to the partnership. What is the total agreed capitalization of the ABC partnership? How much money does C need to bring to the ABC partnership? The partners agreed that B would hold a 60% stake in the partnership.

They agreed that C will bring enough money to the partnership. A day after the partnership was set up, the equipment for 600,000 pesos was sold. Q: (a) Design a core mission and vision for HHG and justify it in terms of basic information. A: Partnership company: In the partnership, more than two people come together to make a profit. usually ter. B will contribute land and a building with a book value of 2,400,000 pesos and a fair market value of 3,000,000 pesos. The land and building are subject to a mortgage of 600,000 pesos, which will be covered by the partnership. Q: On January 1, 2030, A, B and C formed abc Partnership with an initial capital contribution of 600,000 pesos. Q: AAA and BBB have merged their sole proprietorships into a partnership. AAA contributed P6.6 in cash. A: (2) The unrealized gain results from the possession of an asset that has not yet been recognised in th.

A: Goodwill: Goodwill is an intangible asset. It is defined as the excess costs of an acquired business. Q: Careful Carol`s Creamy Crumpets had 200,000 common shares outstanding as of 12/21/2020. Apr. R: At the time of the occurrence of an event that has a financial impact on the company, it can be measured. Q: From the data provided, calculate the goodwill or profit from the discounted purchase for the different items. If. Q: Collin Krafts has sales of $820,000 and costs of $530,000. Interest costs are $35,000. The tax rate.

Q: Perpetual inventory using LIFO inventory, buy, and sell data from the beginning for the portable game. Q: From the balance of the above sample, prepare for the fiscal year ending March 31, 1996, Leter Brooks` (i) Trade. A: Taking this into account, total turnover = 24,324,000 costs of goods sold = 12,600,000 tons. Q: 22. If the cash flow of a capital budgeting project is not normal, the internal rate of return F: Anderson Co. may have issued a 60-day discounted note of $42,646 to National Bank. The discount rate is 11%. One. A: According to the Updated Accounting Standards (ASU) 15, whether the stock is valued at FIFO prices or on average. Q: At the beginning of the period, the Manufacturing Department budgeted for direct work of $123,500 and equivalent.

Q: For married taxpayers who file a joint tax return in 2019, at what level of agi does the expiration limit apply? Q: How much is.. 1. Profit from holding realized 2. Unrealised holding profit 3. Net income 4.Total non-assets. A: 8 Number of units sold per year = 100000 Number of days per year = 250 Maximum bag required/da. F: 1. Retained earnings – 2020 (adjusted) *2. Net income – 2020 (adjusted) *3. Increase in purchasing power. A: 4:51Why business manager accounting has to choose between two or more options.

Let`s say on the exam. A: Cost of equity = Rf + Beta x (Market Return – Rf) = 0.04 + 0.8 x (0.12 – 0.04) = 0.04 + 0.8 x 0.08 =. Q: If a company`s supplier has a 1/10/45 credit policy, what is the nominal cost of trade credits? A: Bonds: Bonds are long-term promissory notes issued by a company while providing money from. A: The capital account is calculated by final balance = opening capital + additions – withdrawals + shar profit. A: Journal entries a. Periodic date accounts of the system should credit the purchase of accounts with $4,000. Q: Mighty Tools Hardware operates a network of small hardware stores throughout the state. All sales ar. R: Method of equity accounting interest in associated companies Result of Associated Concern Inc.

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