Business, 11.01.2020 05:31 nessuhbae6722
Joumalizing partner's original investmentholly renfro contributed a patent, accounts receivable, and $20,000 cash to a partnership. the patent had a book value of$8,000. however, the technology covered by the patent appeared to have significant market potential thus, the patentwas appraised at $92,000. the accounts receivable control account was $45,000, with an allowance for doubtful accountsof $3,000. the partnership also assumed a $14,000 account payable owed to a renfro supplier. provide the journal entry for renfro’s contribution to the partnership.
Answers: 1
Business, 22.06.2019 22:00
Brody corp. uses a process costing system in which direct materials are added at the beginning of the process and conversion costs are incurred uniformly throughout the process. beginning inventory for january consisted of 1,050 units that were 65% completed. 10,900 units were started into the process during january. on january 31, the inventory consisted of 500 units that were 50% completed. what would be the equivalent units for direct materials cost using the weighted average method?
Answers: 2
Business, 22.06.2019 22:00
Indicate whether each of the following companies is primarily a service, merchandise, or manufacturing business. if you are unfamiliar with the company, use the internet to locate the company's home page or use the finance web site of yahoo. 1. alcoa inc. 2. boeing 3. caterpillar 4. citigroup inc. 5. cvs 6. dow chemical company 7. ebay inc. 8. fedex 9. ford motor company 10. gap inc. 11. h& r block 12. hilton hospitality, inc. 13. procter & gamble 14. suntrust 15. walmart stores, inc.
Answers: 3
Business, 23.06.2019 01:50
In january, knox company requisitions raw materials for production as follows: job 1 $915, job 2 $1,590, job 3 $771, and general factory use $704. during january, time tickets show that the factory labor of $6,300 was used as follows: job 1 $2,344, job 2 $1,711, job 3 $1,554, and general factory use $691. prepare the job cost sheets for each of the three jobs.
Answers: 1
Business, 23.06.2019 02:00
Which type of unemployment would increase if workers lost their jobs because their positions were replaced by an automated process? a) cyclical b) frictional c) international d) structural
Answers: 1
Joumalizing partner's original investmentholly renfro contributed a patent, accounts receivable, and...
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