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Ameliag

Breeden, Meyers and Kowski - allocation of net income

Breeden, Myers, and Kowski are partners operating a business under the name of Professional Business
Services. They are considering several ways to share the $24,000 net income...

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Category:Financial Accounting on 5 Mar, 2015

Required Credit(s) :3

Ameliag

Adams, Brown and Carson - new partner admission

Adams, Brown, and Carson are considering the admission of Daniels to their partnership. The current
partners share profits in the ratio of 4:2:1 respectively and they have capi...

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Category:Financial Accounting on 4 Mar, 2015

Required Credit(s) :4

Admin

Lampkin Manufacturing Company - Project specific WACC

PROJECT-SPECIFIC WACC USING CORPORATE FINANCING Lampkin Manufacturing Company has two
projects. The first, Project A, involves the construction of an addition to ...

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Category:Financial Management on 4 Mar, 2015

Required Credit(s) :1

Carojara21

Grant Marwick and Associates - cost of each job

Grant Marwick and Associates, a CPA firm, uses job order costing to capture the costs of its
audit jobs. There were no audit jobs in process at the beginning of November....

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Category:Cost Accounting on 4 Mar, 2015

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Storall Company - bond issue

Storall Company issued USD 200,000 face value of 16 percent, 20- year junk bonds on 2010 July 1.
The bonds are dated 2010 July 1, call for semiannual interest payments on Ju...

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Category:Financial Accounting on 4 Mar, 2015

Required Credit(s) :2

Admin

Brennan's Cleaning Service - Comprehensive Problem

Tom Brennan opened Brennan's Cleaning Service on July 1, 2014. During July the
following transactions were completed. July 1 Stockholders invested $20,000 cash in...

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Category:Financial Accounting on 4 Mar, 2015

Required Credit(s) :10

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