The law firm that Michael Wong and Sanjay Patel started
together is an example of general partnership. The general partnership is a way
where partners have an arrangement of joining together in one business that
will provide them unlimited liability in terms of the obligations in their
partnership.
Answer:
The answer is: $2,500
Explanation:
According to the IRS, the cost basis for any asset should be the original cost adjusted by its depreciation.
Since Jack and Diane aren't able to determine the depreciation expenses for the cabinets, they should use their fair market value as cost basis.
Answer:
Tremen's "Investment in Delany Company" account would have abalance of $3,214,000 at the end year of December 31 ,2021.
Explanation:
Dividend paid for the whole year = $170,000*4 = 680,000
= $3,070,000 + (40%)(1/2 of the year)($1,400,000 - $680,000
= $3,070,000 + 144,000
= $3,214,000
Start with a resume and if you have any previous jobs should be listed to your interviewer (things such as lawn mowing or babysitting counts). If here is a department of labor in your area then you should contact them and they will help you find a job ( It's part of their job to help people find a job anyways).
Answer:
Total equivalent units= 135,000 units
Explanation:
<u>The weighted average method blends the costs and units of the previous period with the costs and units of the current period.</u>
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Conversion costs:
Units completed and transferred out= 133,000 units
Ending WIP= 10,000*0.2= 2,000 units
Total equivalent units= 135,000 units