A M3 - CHAPTER 2 MULTIPLE CHOICE.pdf - Adobe Acrobat Reader DCFile Edit View Sign Window HelpHomeToolsМЗ - СНАРТER 3..МЗ - СНАРТЕR 2 ..М3 - СНАРТЕR 2 ...Sign In1 /2PKUFESSOR:Multiple ChoiceSearch 'Recognize Text'1. Ceradoy, Manongsong and Anuran are partners sharing residual profits in the ratioof 3:2:1. The partnership agreement provides for 8% interest on capital and asalary for Manongsong of P80,000 per annum. Profit for 2016 was P840,000 andthe year-end balances on partners' capital accounts are as follows: Ceradoy,P200,000; Manongsong, P150,000 and Anuran, P120,000. What was Anuran's shareof residual profits for 2016?i Combine FilesEI Organize Pages2 Redactа. Р120,400b. P126,670C.P130,000Protectd. P140,000:* Compress PDF2. Malaluan and Baral are in partnership. They share profits in the ratio 3:2 and closetheir accounts on June 30 each year.On Jan. 1, 2016, Castro joined the partnership.The profit-sharing ratio was revised to become Malaluan 50%, Baral 25% and Castro25%, after providing for annual salaries as follows: Baral, P20,000 and Castro,P12,000. The partnership profit for the year ended June 30, 2016 was P480,000,accruing evenly over the year. What are the partners' total share in profits for theyear ended June 30, 2016?A. Fill & SignSend for ReviewA More ToolsMalaluanBaralCastroа.P256,000P162,000P62,000Acrobat Pro with E-SignP248,000P264,000P168,000P166,000b.P64,000C.P66,000Create, edit and sign PDFforms & agreementsd.P264,000P156,000P60,0003. Refozar, Martinez and Magsino formed a partnership. It's on a calendar year basis.The profit-sharing arrangements are as follows:Free 7-day TrialUntil June 30., 2016, the annual salaries are provided as follows: Martinez. P40.000and Magsino, P20,000. The residual profit will be shared in the ratio of 6:2:2,W2:13 PM allowing salaries of P40.000 ner vear for Rubio and interest on partner's capital at4. Rubio and Bisana established a trading partnership. They share profits equally afterA M3 - CHAPTER 2 MULTIPLE CHOICE.pdf - Adobe Acrobat Reader DCFile Edit View Sign Window HelpHomeToolsМЗ - СНАРТER 3 ..МЗ - СНАРТЕR 2 ..М3 - СНАРТЕR 2 P..Sign In1 /23. Refozar, Martinez and Magsino formed a partnership. It's on a calendar year basis.The profit-sharing arrangements are as follows:Search 'Recognize Text'Until June 30, 2016, the annual salaries are provided as follows: Martinez, P40,000and Magsino, P20,000. The residual profit will be shared in the ratio of 6:2:2.Combine FilesFrom July 1, 2016, the salaries will be discontinued and the profit to be divided inthe revised ratio of 5:3:2.EI Organize PagesProfit for the year ended Dec. 31, 2016 was P400,000 before charging partners'salaries, accruing evenly through the year, and after charglng an expense ofP40,000, which it was agreed related wholly to the first six months of the year.How should the profit for the year be divided among the partners?2 RedactProtectMartinezP130,000P116,000MagsinoP88,000P84,000RefozarP182,000P200,000а.b.* Compress PDFPartnership Operations and Financial Reporting | 83A. Fill & SignSend for ReviewSicareed h CaiaeA More ToolsP88,000P88,000C.P198,000P180,000P118,000P132,000Acrobat Pro with E-Signd.Create, edit and sign PDFforms & agreements5%00Free 7-day Trial81.4%andOn Julv 1 2016dedirional P100.000 and Rubio's salanDisnW2:14 PM

Since you have asked multiple question, we will solve the first question for you. If you want any…

Multiple Choice 1. Ceradoy, Manongsong and Anuran are partners sharing residual profits in the ratio of 3:2:1. The partnership agreement provides for 8% interest on capital and a salary for Manongsong of P80,000 per annum. Profit for 2016 was P840,000 and the year-end balances on partners' capital accounts are as follows: Ceradoy, P200,000; Manongsong, P150,000 and Anuran, P120,000. What was Anuran's share of residual profits for 2016? a. P120,400 b. P126,670 c. P130,000 d. P140,000

Multiple Choice 1. Ceradoy, Manongsong and Anuran are partners sharing residual profits in the ratio of 3:2:1. The partnership agreement provides for 8% interest on capital and a salary for Manongsong of P80,000 per annum. Profit for 2016 was P840,000 and the year-end balances on partners' capital accounts are as follows: Ceradoy, P200,000; Manongsong, P150,000 and Anuran, P120,000. What was Anuran's share of residual profits for 2016? a. P120,400 b. P126,670 c. P130,000 d. P140,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

soal MTK-dikonversi.docx - Word F- Ences Mailings Review View Help Acrobat Foxit PDF Tell me what you want to do 令|m、m、折。 AaBbCc[ AaBbCcD AaBbCc[ AaBbCc[ AABBCCI 1 Normal T Body Text T List Para... T No Spac. I Table Pa. Paragraph Styles Ec 1 2 . 3 I 4 . 5 I PINANIA is a famous chocolate factory in Switzerland. Each year, the company must produce as many as 2,200 units (with the same amount of production). Sales are evenly distributed throughout the year. The company wants to determine the number of sizes that can be charged for ordering (setup costs) and holding costs (carrying costs). It can be seen that the production cost for each unit is $50, the carrying cost is 10% of the average inventory and the setup cost is $20 (per production). Question : By using the Differentiation Method (1st and 2nd Derivative Test), Determine the economic lot size for the company and provide an explanation of the calculation results. ASUS ト

42 O Browser geNOWv2 | Online teachin X + n/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false DSU AcadCalendar C crunchy roll crunchy roll A Home - Hudl Spotify EReadir U D2L O DSU Support PDSU WebMail O DSU Account Monaco & Associates Use the following five transactions for Monaco & Associates, Inc. to answer the question(s). October 1 Bills are sent to clients for services provided in September in the amount of $800. Dravo Co. delivers office furniture ($1,060) and office supplies ($160) to Monaco 6 leaving an invoice for $1,220. 15 Payment is made to Dravo Co. for the furniture and office supplies delivered on October 9. 23 A bill for $430 for electricity for the month of September is received and will be paid on its due date in November. 31 Salaries of $850 are paid to employees. Based only on these transactions, what is the total amount of expenses that should appear on the income statement for the month of October? Oa. $1,280 Ob. $430…
NSPIRON متوقف مؤقتا elearn.squ.edu.om/mod/quiz/review.php?attempt=D16687 G... Obs -Jblicyl .lyI all zihll Go SQU E-LEARNING SYSTEM (ACADEMIC) E-LEARNING SERVICES SQU LIBRARIES SQU PORTALATTENDANCE The correct answer is: OMR 35,200 Question 10 Company XYZ is currently producing AND selling 10,000 units of product A. At this level, the total product cost was $60,000. This included $10,000 direct materials, $20,000 direct labor and $30,000 manufacturing overhead cost, which included 20% variable manufacturing overhead cost. The selling and administrative expenses were $100,000, which included $60,000 variable selling and administrative costs. Assume that the selling price per unit $20, how much was the total contribution margin? Theorrect Mark0.00 out of 2.00 Flag question a. $134,000 b. None of the given answers C. $40,000 d. $104,000 e. $194,000 The correct answer is: $104,000 Windows Finish review ENG II ...
DA. 7-2 Project: Company Accour x D2L 7-1 Problem Set: Module Sev X CengageNOWv2 |Online tea X Cengage Learning + x ngagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker3D&takeAssignmentSessionLocator=&inprogress%3Dfalse 电手 eBook Show Me How Long-Term Solvency Analysis The following information was taken from Celebrate Company's balance sheet: Fixed assets (net) 006'86$ 000 1,471,050 Long-term liabilities Total liabilities Total stockholders' equity 1,634,500 Determine the company's (a) ratio of fixed assets to long-term liabilities and (b) ratio of liabilities to stockholders' equity. If required, round your answers to one decimal place. a. Ratio of fixed assets to long-term liabilities b. Ratio of liabilities to stockholders equity (Previous Check My Work 330 PM hp 144 114
3. Mailings Review View Help RCM Acrobat Insert Draw Design Layout References O Find 11 A A Aav Ao ミ、三、行、王王刻 AaBbCcDd AaBbCcDd AaBbC AABBCCD S Replace ibri (Body) Dictate Sensitivity Editor 1 No Spac. Heading 1 Create and Share Request Signatures 1 Normal Heading 2 A Select v Adobe PDF IU ab x, x' A Av 、三三三三 Adobe Acrobat Voice Sensitivity Editor Rec Styles Editing Font Paragraph 3. Plankton Corp. owned an asset that cost $600,000. The company sold the asset on January 1, Year 3 for $310,000. Accumulated depreciation on the day of the sale was $450,000. Based on this information, answer the following questions: a. What is the gain/loss on the sale? b. Show the impact of the transaction on the horizontal equation: Assets Liabilities %3D Stockholders' Rev/Gain Exp/Loss Net Income Cash Flow Equity Study guide - Chapter 6 (with solutions).docx ge3 of 4 1020 words D Focus Type here to search 4:43 PM 73°F 10/20/2021 BAN 114 delete pua backspace -> lock H. enter pause 己 T shift pua alt ctrl…
* CengageNOWv2 | Online teachin X = Ch. 12 Key Terms - Principles of + Silrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false ow to Cancel You... Startup Opportuniti. V How brands are co... Assignment Practic.. A COVID-19 Student. C20-128PRO1-2016... O Final Exam Review -.. On Jan. 1, Year 1, Foxcroft Inc. issued 100 bonds with a face value of $920 for $95,800. The bonds had a stated rate of 5% and paid interest semi-annually, What is the journal entry to record the issuance of the bonds? If an amount box does not require an entry, leave it blank. Jan. 1 Email Instructor Subn
from Towards a X Mail-Edjouline X Bb Content - ACG2 X CengageNOWv2 X (58) YouTube werPoint now.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker%3Dassignments&takeAssignmentSessionLocator%3Dassignment-take&inpro... eBook Sales and Notes Receivable Transactions The following were selected from among the transactions completed during the current year by Danix Co., an appliance wholesale company: Jan. 21. Sold merchandise on account to Black Tie Co., $28,000. The cost of merchandise sold was $16,800. Mar. 18. Accepted a 60-day, 6% note for $28,000 from Black Tie Co. on account. May 17. Received from Black Tie Co. the amount due on the note of March 18. June 15. Sold merchandise on account to Pioneer Co. for $17,700. The cost of merchandise sold was $10,600. 21. Loaned $18,000 cash to JR Stutts, receiving a 30-day, 8% note. 25. Received from Pioneer Co. the amount due on the invoice of June 15. July 21. Received the interest due from JR Stutts and new 60-day, 9% note as a renewal of…
ment Builder UI Appl X WP NWP Assessment Player UI Appli X education.wiley.com/was/ui/v2/assessment-player/index.html?launchld%3Dee163b88-e027-44f4-a52e-6d3f9baff01e#/questi III Lab Assignment uestion 3 of 20 now Attempt History urrent Attempt in Progress Your answer is partially correct. Vaughn Corporation has the following capital stock outstanding at December 31, 2020: 7% Preferred stock, $100 par value, 15,700 shares issued and outstanding 000' Common stock, no par, $10 stated value, 500,000 shares authorized, 380,000 shares issued and outstanding 000'008 The preferred stock was issued at $120 per share. The common stock was issued at an average per share price of $14. Prepare the paid-in capital section of the balance sheet at December 31, 2020. (Enter the account name only and do not provi descriptive information provided in the question.) VAUGHN CORPORATION Partial Balance Sheet December 31, 2020 Stockholders' Equity
Mail - Edjouline X Bb Content- ACG2 X ở CengageNOWv X (58) YouTube + x PowerPoint from Towards a v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=assignments&takeAssignmentSessionLocator=assignment-take&inpro.. YouTube O Maps eBook Show Me How ne Analysis of Receivables Method LANKSHEET At the end of the current year, Accounts Receivable has a balance of $810,000; Allowance for Doubtful Accounts has a credit balance of $7,500; and sales for the year total $3,650,000. Using the aging method, the balance of Allowance for Doubtful Accounts is estimated as $39,000. SLANKSHEET ALGO a. Determine the amount of the adjusting entry for uncollectible accounts. ALGO b. Determine the adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense. Accounts Receivable A 000'0 $ Allowance for Doubtful Accounts X 00s Bad Debt Expense c. Determine the net realizable value of accounts receivable. Feedback Check My Work The analysis of receivables…
Approved CAE_BSA BSMA BSAIS BSIA_ACC 124_Sombilon.Aguilar (1).pdf - Foxit Reader File Home Comment Fil & Sign View Form Protect Share Connect Help Tell me what you want to do... Find O SnapShot B Clipboard O Fit Page TI T 110.51% A Link File Attachment D Fit Width D Fit Visible Rotate Left Bookmark Le Image Annotation Hand Select Actual Reflow Typewriter Highlight Rotate Right | Audio & Video Size Tools View Comment Links Insert PDF 4 Word Convert Start Approved CAE_BSA BS... PDF 2 Word DAIF checks of customers returned by bank Error in recording a check in the book. The correct amount as paid by the bank is P100,000 instead of P200,000 as recorded in the book The correct cash balance under current assets on December 31, 2019 is 500,000 100,000 Problem 11 The accounts of DMCI Holdings, Inc. revealed the following facts on August 31,2019. Balance of bank statement 1,200,000 Outstanding checks, August 31: Number 555 10,000 55,000 40,000 25,000 65,000 70,000 275,000 761 UM 762 763 764 765…
CengageNOWv2 | Online teachin X = Ch. 12 Key Terms - Principles of A X + ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false ow to Cancel Your. F Startup Opportuniti. V How brands are co... Assignment Practic.. A COVID-19 Student. . C20-128PR01-: Record the journal entries for each of the following payroll transactions. If an amount box does not require, leave it blank. Apr. 2 Paid $640 and $300 cash to a federal depository for FICA Social Security and FICA Medicare, respectively. Apr. 4 Paid accumulated employee salaries of $16,220. Apr. 11 Issued checks in the amounts of $480 for federal income tax and $300 for state income tax to an IRS-approved bank. Apr. 14 Paid cash to health insurance carrier for total outstanding health insurance liability of $800. Apr. 22 Remitted cash payments for FUTA and SUTA to federal and state unemployment agencies in the amounts of $130 and $250, respectively. Аpг. 2 Apr. 4 Apr. 11 Apг. 14 Apг. 22 78°F…
O PowerPoint O from Towards a O Mail - Edjouline X E Content - ACG: X * CengageNOWv. x D (58) YouTube v2 cengagenow.com/ilm/takeAssignment/takeAssignmentMain.do?invoker=assignments&takeAssignmentSessionLocator=assignment-take&inpro. Q < * * C WouTube O Maps ANKSHEET Entries for Notes Receivable Spring Designs & Decorators issued a 120-day, 4% note for $60,000, dated April 13 to Jaffe Furniture Company on account. Assume a 360-day year when calculating LANKSHEET interest. LGO a. Determine the due date of the note. LGO b. Determine the maturity value of the note. cl. Journalize the entry to record the receipt of the note by Jaffe Furniture. c2. Journalize the entry to record the receipt of payment of the note at maturity. If an amount box does not require an entry, leave it blank. 24 068 s: 912 items Previous Next 回习 9 O 11:49