According to the profit and loss the partnership is liquidated, and the final distribution of partnership cash is made to the partners.
When a partnership is liquidated, how is the final distribution of partnership cash made to the partners? Which of the subsequent statements is actually concerning the accounting for a partnership going via liquidation? within a liquidation, all gains and losses are divided equally among some of the partners.
The partnership comes to a decision to liquidate, the property of the partnership is sold, liabilities are paid off, and any remaining coins are sent to the companions according to their capital account balances.
Liquidating distributions (coins or noncash) are a form of a return of capital. Any liquidating distribution you receive isn't always taxable to you until you recover the basis of your inventory. After the idea of your stock is reduced to zero, you ought to document the liquidating distribution as a capital advantage.
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Answer:
a. Revenue is earned when when service or product are delivered to client. Thus Seacoast Magazine should recognize the revenue when it mails the magazines to its subscribers.
b. Total amount received is $60 for 30 issues.
Amount for 1 issues = Total cost / Number of issues of magazines = $60/30 = $2 per issue
Amount of 5 issues = $2 * 5 = $10
Therefore, Seacoast Magazine should record revenue $10 for 5 issues.
Answer:
The correct answer is Advocacy advertisements.
Explanation:
In general terms, for a potential customer or buyer (person, company, organization, government) to acquire or buy a product that he needs or desires (be it a good, service, idea, place, person or combinations of these), he needs before: 1) know of its existence, 2) feel persuaded to buy that product and 3) remember that it exists.
Therefore, if we want to get potential customers to buy an X product (which obviously has to be of good quality, meet needs or desires, have a price that customers are willing to pay and be available at the right time and place), It is essential to carry out a series of activities that adequately communicate to those potential customers the existence of that product, persuade them to buy it and then remind them that it exists. And all this is part of a marketing tool: THE PROMOTION.
Explanation:
putting x = 1, and z = 19
ATQ
z + x + 8°
= 19° + 1 ° + 8 °
= 28°
