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kirill115 [55]
3 years ago
5

Which of the following statements best describes accounting for a partnership?

Business
1 answer:
svetlana [45]3 years ago
7 0

Answer:

B. A partnership may use federal income tax rules to account for transactions in their journals and ledger accounts.

Explanation:

There is a lot of difference in accounting of normal partnership firms and that of non profit organisations.

Simply a partnership firm cannot be formed as a non profit entity.

A partnership can use any federal laws in compliance and do accounting entries in accordance with them.

The partnership equity section only contains partner's capital account as there are no retained earnings section.

Partnership's do not pay dividend, and if it does it is not limited to money.

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Miguel woke up one morning in a strange hotel in detroit. he has no memory of how he got there and cannot remember his name or w
ddd [48]
<span>If Miguel woke up one morning in a strange hotel in Detroit and he has no memory of how he got there and cannot remember his name or where he is from, then Miguel is most likely suffering from dissociative amnesia.</span>
6 0
3 years ago
Give your suggestions to address the problems and challanges being faced by the migrant workers in foregin employment .
Nuetrik [128]

Answer: Their comfortability relies a lot on what the government would be willing to do to help them. Some of what the government can do, e.g insure them, pension

Explanation:

Their comfortability relies a lot on what the government would be willing to do to help them. Some of what the government can do as as follows;

I) The government can grant them soft loans

ii) The government can consider making it easier for them to easily open SME's

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4 0
3 years ago
Page Company makes 30% of its sales for cash and 70% on account. 60% of the credit sales are collected in the month of sale, 25%
kondaur [170]

Answer:

$36,230

Explanation:

Month 1              Month 2               Month 3                 Month 4

60,000               70,000                50,000                  30,000

Calculation for receipts in Month 4:

9000   30% cash  in the same month(30000*30%)

12600   60% credit in the same month (30000*70%*60%

8750   25% in month following sales (50000*70%*25%)

<u>5880</u>   12% second month following sales (70000*70%*12%)

<em>36,230</em>

<em></em>

<em>I hope I made myself clear buddy.</em>

<em>Best of Luck.</em>

6 0
3 years ago
An association had a fund balance of 75 on January 1 and 60 on December 31. At the end of every month during the year, the assoc
ValentinkaMS [17]

Answer: 0.11 or 11%

Explanation: The dollar-weighted return (DWR) measures the rate of return of an investment or a portfolio, taking under consideration the timing of flows. for every deposit, add the resulting amount to the start balance, and for every withdrawal, subtract that quantity. Check the attachment for the solution.

Once you've got both numbers, divide the first by the second. which will offer you the dollar-weighted investment return, which you'll then multiply by 100 to give you a return in percentage terms.

3 0
3 years ago
Im 12 i need to help my mom with bills what job do i get
Anton [14]

Answer:

mowing laws or asking to clean houses

hope this helps

have a good day :)

Explanation:

3 0
3 years ago
Read 2 more answers
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