For no. 15-17, can you help to check if my answers are correct? If it's not visible, my answers are C, B, and D. If it's wrong, please provide a short explanation why. If it's correct, no need to explain. Thank you so much in advance? d Interest paid to partners based on the amount of their capital balances,17 Which of the following is not considered an expense of the partnership?/A partnership showed the following account balances: sales, P500,000; cost ofsales, P400,000, operating expenses excluding interest, P50,000, partnerssalaries, P40,000,; interest paid to banks, P5,000 and partners' drawings, P10,000,The partnership profit isa. P50,000b. P45,000(c P(5,000).d Not given.c Depreciation on assets contributed to the partnership by the partners.MultiplCrispinThe parregard ti Saii TI16. A partnership showed the following account balances: sales, P750,000; cost ofsales, P575,000; operating expenses including interest, P85,000; interest paid tobanks, P10,000,drawings, P30,000. The partnership profit isa. P90,000b. P80,000.c. P70,000.d. Not given.ivinterest on capital contributions, P20,000 and partners'The weig1. Howab.a. Salary for consultant hired.b. Supplies used in the partners' offices,d.e2. What isfor seven months and a P700.000

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

S/A partnership showed the following account balances: sales, P500,000; cost of sales, P400,000, operating expenses excluding interest, P50,000, partners salaries, P40,000,; interest paid to banks, P5,000 and partners' drawings, PI0,000 The partnership profit is a. P50,000. b. P45,000 (c P(5,000). d Not given.

S/A partnership showed the following account balances: sales, P500,000; cost of sales, P400,000, operating expenses excluding interest, P50,000, partners salaries, P40,000,; interest paid to banks, P5,000 and partners' drawings, PI0,000 The partnership profit is a. P50,000. b. P45,000 (c P(5,000). d Not given.

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

The answers in step 2 are not clearly displayed. please advise
After a receipt is uploaded into QBO, the user will need to ______ the data and ensure the receipt is properly categorized and classified. Select one: a. Sort b. Save c. Journalize d. Review
INSTRUCTIONS: Choose the word or phrase in [] that will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement, The scope of coverage under Section I is greatest with an [HO-1|HO-5]policy. Question 98 INSTRUCTIONS: Choose the word or phrase in [] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement. Auto lease terms typically run [2 to 4 years | 12 to 36 months].
Letter c is the correct answer can you please elaborate it and show the solution? Thanks.
What exactly are reversing entries, and why do we need them?
Since i have posted a question with multiple sub-parts, you will solve the first three sub-parts for me. To get remaining sub-part solved please repost the complete question and mention the sub-parts to be solved.” In the first part and I do not have the step 3 ,I have only the steps 2 and steps 4. The second picture I will send you is the sub-parts and the # you need to resolved is the #4 and #5. Thank you! I'm looking forward to wait for the rest of my homework. Have a nice day!
Hello question is attached, thanks.
can i please get a correct answer for that question
can you please help solve this
Hello! I don't understand where you get numbers from and I don't have answers for questions 4 to 13. Could you give details for every answer, please?
Define Inventories. (Please avoid plagiarism and please explain clearly. Thank you!)
Which one is the correct answer?