Farmer and Taylor formed a partnership with capital contributions of $285,000 and $335,000, respectively. Their partnership agreement calls for Farmer to receive a $87,000 per year salary. The remaining income or loss is to be divided equally. Assuming net income for the current year is $237,000, the journal entry to allocate net income is:
Answers: 1
Business, 21.06.2019 18:30, lanaasad7292
Which stroke of the four-stroke cycle is shown in the above figure? a. power b. compression c. exhaust d. intake
Answers: 2
Business, 22.06.2019 11:00, roseemariehunter12
In each of the following cases, find the unknown variable. ignore taxes. (do not round intermediate calculations and round your answers to the nearest whole number, e. g., 32.) accounting unit price unit variable cost fixed costs depreciation break-even 20,500 $ 44 $ 24 $ 275,000 $ 133,500 44 4,400,000 940,000 8,000 75 320,000 80,000
Answers: 3
Business, 22.06.2019 11:20, murarimenon
Camilo is a self-employed roofer. he reported a profit of $30,000 on his schedule c. he had other taxable income of $5,000. he paid $3,000 for hospitalization insurance. his self-employment tax was $4,656. he paid his former wife $4,000 in court-ordered alimony and $4,000 in child support. what is the amount camilo can deduct in arriving at adjusted gross income (agi)?
Answers: 2
Farmer and Taylor formed a partnership with capital contributions of $285,000 and $335,000, respecti...