Answer:
A partnership's allocations of income and deductions to the partners are required to be proportionate to the partners' percentage ownership of partnership profits in order to meet the substantial economic effect tests.
True
Explanation:
Equity and equality must be put in place as a yardstick to allocate such which would bring a common ground for both parties.
Answer: 5000 overstated
Explanation:
The net income is an accounting term that is gotten when depreciation, cost of goods sold, amortization, taxes, interest and expenses are deducted from the income of an entity.
I'm the above question, the net income will be the fair value adjustment that was made which will be:
= 94,000 – 89,000
= 5,000
Therefore, the answer is 5,000 overstated
For one to have a career in records
management. They should follow the follow the following steps:
<span>1. Study for an undergraduate degree in either
computer science, library studies, management
or business administration.</span>
<span>2. Enroll into an entry level records management
position</span>
<span>3. Gain enough experience </span>
<span>4.
Enroll for more courses to get skills and certifications and climb up
the ranks</span>
It is "cutting out the middleman", which seeks to reduce distribution expenses.
By avoiding the middleman, i.e. offering straightforwardly to you, the maker can list that equivalent item for, say $75 which because of a broker or retailer rises to at least 100 $, which it to appear is a lot of difference to the buyer, while in the meantime giving them significantly more benefit than they'd make selling to a store.
Answer:
$1,320,000
Explanation:
According to the scenario, computation of the given data are as follow:-
Purchase of raw material = $1,800,000
Opening stock of raw material = $20,000
Closing stock of raw material = -$3,140,000
Direct Material Used = Purchase of Raw Material + Opening Stock of Raw Material - Closing Stock of Raw Material
= $1,800,000 + $20,000 - $3,140,000
= $1,320,000
