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solmaris [256]
3 years ago
14

17. Lear is to become a partner in the WS partnership by paying $80,000 in cash to the business. At present, the capital balance

for Hamlet is $70,000 and for MacBeth is $40,000. Hamlet and MacBeth share profits on a 7:3 basis. Lear is acquiring 40 percent of the new partnership. a. If the goodwill method is applied, what will the three capital balances be following the payment by Lear? b. If the bonus method is applied, what will the three capital balances be following the payment by Lear?

Business
1 answer:
Vedmedyk [2.9K]3 years ago
3 0

Answer:

Please see attachment

Explanation:

Please see attachment

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Because they can look at your career goals and see what job is a great place for you. 

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During the course of your examination of the financial statements of Trojan Corporation for the year ended December 31, 2018, yo
siniylev [52]

Answer:

$76,440

Explanation:

Calculation to determine the proper amount of net income as of December 31, 2018

Net income $87,000

Less Adjusted for insurance ($4,050)

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Less Adjusted for supplies ($2,100)

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3 years ago
An industry analysis for manufacturers of a small personal care gadget observed the following characteristics: 1. Industry sales
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Characteristics 4 and 5 would be typical of an industry that is in the start-up stage.

Explanation:

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3 0
3 years ago
Where would you find every escrow entry showing the running balance after each receipt or disbursement?
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When the attitude of continuous improvement exists throughout an organization, every manager and employee is challenged to conti
JulsSmile [24]

Answer:

Option A

True

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During the process of continuous improvement, every manager and employee is definitely expected to try out new policies, and practices to see how well they fit in and aid the company to achieve her overall business goals.

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