Entries by mary WAMBUGU

Partnership Facts: 1. John, Alice and Dan are all general partners of a partnership. 2. John is the CEO of the partnership and is allocated a salary of $90,000 per year.

August 27, 2019 in /by

Problem 2: Partnership Facts: 1. John, Alice and Dan are all general partners of a partnership. 2. John is the CEO of the partnership and is allocated a salary of $90,000 per year. 3. Alice is the CFO of the partnership and is allocated a salary of $72,000 per year. 4. Dan is not active […]

 

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Inventory Date At base cost Year cost At current Year cost At dollar Value LIFO 1/1/2015$60,000 $ 60,000

August 27, 2019 in /by

Question InventoryDateAt base costYear cost At current Year cost At dollar Value LIFO 1/1/2015 $60,000 $ 60,000 $60,000 2015 layer 7,500 21,000 9,000 12/31/2015 67,500 81,000 69,000 2016 layer 22,500 39,000 ? 12/31/2016 $90,000 $120,000 ? Required: What is Dock’s dollar value LIFO inventory at December 31, 2016? 2. Crunch Company uses the conventional retail […]

 

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1. Calculate the missing amounts for companies A to E A B C D E Cash $3,465 $ 1,860 $ ? $4,050 $300 Equipment 9,240 9,600 9,900 4,725 ?

August 27, 2019 in /by

University of Maryland University College Intermediate Accounting I ACCT310 Exercises 1. Calculate the missing amounts for companies A to E   A B C D E Cash $3,465 $ 1,860 $    ? $4,050 $300 Equipment 9,240 9,600 9,900 4,725 ? Accounts Payable 4,620 ? 3,713 2,025 540 Share capital ? 4,800 7,425 2,700 60 Retained […]

 

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Calculate the missing amounts for companies A to E A B C D E Cash $3,465 $ 1,860 $ ? $4,050 $300 Equipment 9,240 9,600 9,900 4,725 ? Accounts Payable 4,620 ? 3,713 2,025 540 Share capital ?

August 27, 2019 in /by

University of Maryland University College Intermediate Accounting I ACCT310 Exercises 1. Calculate the missing amounts for companies A to E   A B C D E Cash $3,465 $ 1,860 $    ? $4,050 $300 Equipment 9,240 9,600 9,900 4,725 ? Accounts Payable 4,620 ? 3,713 2,025 540 Share capital ? 4,800 7,425 2,700 60 Retained […]

 

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