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Alik [6]
3 years ago
6

James was a partner in a large firm. He died unexpectedly. His son, Frank, wanted to take over for his father in the partnership

and was well qualified to do the work his father had done. Which statement best describes Frank's rights in the partnership if he inherits the interest?
a. Frank has no rights to his father's partnership interest.
b. Frank is entitled to the value in the partnership, but not to become a full partner.
c. Frank may become a partner only if his father’s will specified such action.
d. Frank has a right to take over for his father in the partnership.
Business
1 answer:
Mashutka [201]3 years ago
5 0

Answer:

B - Frank is entitled to the value in the partnership, but not to become a full partner.

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Hammerstein Corporation offers a variety of share-based compensation plans to employees. Under its restricted stock award plan,
LekaFEV [45]

Answer and Explanation:

As per the data given in the question,

1)

Fair value per share = $20.4

Number of Share = 2 million

Fair value of award = Fair value per share ×Number of Share

= $20.4 × 2 million

= $40.8 million

2) No Entry

3)

Compensation expense($40.8 million÷4 years) $10.2 million

          To Paid in capital - restricted stock($20.4-$10.2) $10.2  million

(Being the compensation expense is recorded)

4)

Fair value per share = $20.4

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fair value of award = $20.4×2×90%

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4 years ago
Variable Costing
mart [117]

Answer:

a. $197,600

b. $163,400

c. $108,600

Explanation:

a. Manufacturing margin = Sales - Variable cost of goods sold

= $380,000 - $182,000

= $197,600

b. Contribution margin = Manufacturing margin - Variable selling and administrative expenses

= $197,600 - $34,200

= $163,400

c. Income from operations = Contribution margin - Fixed manufacturing costs -  Fixed selling and administrative expenses

= $163,400 - $57,000 - $2,800

= $108,600

4 0
3 years ago
The net income reported on the income statement for the current year was $212000. Depreciation recorded on plant assets was $355
Fudgin [204]

Answer:

$226,900

Explanation:

Calculation to determine How much cash was provided by operating activities

Using this formula

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Let plug in the formula

Operating activities=$212000 + $35500 - $2100 - $7900 + $1900 - $12500

Operating activities =$226,900

Therefore The Amount of cash that was provided by operating activities is $226,900

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The percentage change in the quantity demanded of film divided by the percentage change in the price of cameras indicates:

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marysya [2.9K]
Edu means education so normally it is a college or other school website
6 0
3 years ago
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