What exactly does it imply when someone says they have the "FMS option?"

Q: 6. The assets and equities of the Perdales, Ceballus and Bandonell partnership at the end of its…

A: SOLUTION-   EXPLANATION- PERDALES  (45000 / 30%) 150000 CEBALLUS (30000 / 50%) 60000…

Q: Z Company plans to discontinue a department with the following average monthly operating results:…

A: Lets understand the basics. In cost accounting, management needs to choose between various…

Q: 25. In the LM Partnership, Laura and Maria had a capital ratio of 3:1 and a profit and loss ratio of…

A: The partnership comes into existence when two or more persons agree to do the business and share…

Q: Which of the following statements is true? COMPANY NAME Some Corporation 123 Somewhere Drive,…

A: An earnings statement also commonly referred to as the payslip consists of payment information. It…

Q: 23. Partner X contributed equipment to the XYZ partnership. The equipment cost, P60,000 with…

A: The partnership comes into existence when two or more persons agree to do the business and further…

Q: thership of capital into an existing par on March 1, 2021. On June 1, 2021, the partner contributed…

A: Answer is option b) 51,667

Q: 30. The Grey and Redd Partnership was formed on January 2, 2021. Under the partnership agreement,…

A: Lets understand from the basics. Partnership is a agreement between two or more person who works…

Q: 4 The partnership agreement of 0, YY&z provides for the yearend allocation of net income in the…

A: Here in this question, we are required to calculate the share in net income earned by the XX.…

Q: 5. AA, BB and CC are partners with average capital balances during 2021 of P360,000, P180,000, and…

A: The partnership comes into existence when two or more persons agree to do the business and further…

Q: Choose the term that is associated with estimating the uncollectible accounts balance existing in…

A: There is always some default risk associated with extending credit to the customers. When the…

Q: The following capital balances is presented for the partnership of LL, PP, QQ, who share profits and…

A: The admission of new partner may occur in either of two ways  such as; 1.purchase  can be made from…

Q: Z Company manufactures a component part with the following standard costs: Direct Materials P 6.00…

A: Variable costs are costs that varies with the number of units produced or sold and hence affect the…

Q: 8. CC, PP, and AA, accountants, agree to form a partnership and to share profits in the ratio of…

A: A partnership is a type of business organization structure. When a single individual is not able to…

Q: One of Hope's coworkers quits, and during the next pay period, Hope works 60 hours instead of 40 to…

A: An earnings statement can be referred to as the payment slip or financial record of the payment…

Q: When is independence required?

A:

Q: 9. In the AA-BB partnership, AA and BB had a capital ratio of 3:1 and a profit and loss ratio of…

A: The partnership comes into existence when two or more persons agree to do the business and further…

Q: 3. Partners Badecir and Magallanes each have a P300,000 capital balance and share profits and losses…

A: A partnership is an arrangement between two or more people to look over the business operations and…

Q: ontributed P24,0 uted P48,000 to f ship, and they ag

A: Total Capital = 24000+48000 =72000

Q: .P139,200 1/2 ..P 208,800 ...P 96,000 dmitted to the partnershi from NN and Il in the net

A: The partnership comes into existence when two or more persons agree to do the business and share…

Q: 4. Mactal, Macadang and Pangan a partners with capital balances of P350,000, P250,000 and P350,00…

A: solution given Profit sharing ratio   Mactal 30% Macadang 20% Pangan 50%…

Q: 14. On June 30, 2021, the balance sheet of Western Marketing, a partnership, is summarized as…

A:

Q: 2. Jacky and Kyla are partners who share profits and losses in the ratio of 60:40 respectively.…

A:

Q: 12. In the AD partnership, Allen's capital is P140,000 and Daniel's is P40,000 and they share income…

A: Interest in partnership = David capital x ( 5 / 1  ) share

Q: Manufacturing overhead was estimated to be OMR 400,000 for the year along with estimated 20,000…

A: Pre-determined overhead rate = Total Estimated Manufacturing overheadEstimated labor hours

Q: Aš of De -ti tnershi

A: AMURAO ZULUETA    ESTOQUE Capital balances  40,000   5,000     25,000…

Q: 17. On January 31, 2021, partners of Lon, Mac & Nan, LLP, had the following loan and capital account…

A: Admission of a new partner to the partnership firm: Unless otherwise agreed upon, a new partner may…

Q: 1. On December 1, 2021, Estrella and Furgoson formed a partnership, agreeing to share for profits…

A: Partnership Firm: a group of two or more people who have decided to share the earnings of a company…

Q: 20. CC and DD are partners who share profits and losses in the ratio of 7:3, respectively. On…

A: A partnership is the form of business where two or more partners are agreed to share profit and…

Q: 18. Partners AA, BB and CC divide profits and losses 5:3:2, respectively, and their capital balances…

A: Here in this question, we are required to calculate how much capital new partner needs to bring for…

Q: 1. Partners Badecir and Magallanes each have a P300,000 capital balance and share profits and losses…

A: Partnership: It is often defined as a form of trade where two or more people starts a business to…

Q: 11. In the AD partnership, Allen's capital is P140,000 and Daniel's is P40,000 and they share income…

A: Formula: Total Interest in partnership = David Capital x ( 5 / 1 ) share

Q: Closing Costs Credit report Loan origination fee Attorney and notary Documentation stamp Processing…

A: Mortgage refers to the money that is borrowed by the borrower from the lender in exchange for…

Q: 28. As of December 31, 2021, the books of Ton partnership showed capital balances of: T P40,000; O,…

A: Partnership means where two or more person comes together to do some common business activity and…

Q: 24. Which of the following statements about partnership accounts is true? • a. Two accounts are…

A: The partnership  comes into existence when two or more persons agree to do the business and share…

Q: 3. The partnership has the following accounting amounts: (1) Sales = P70,000 (2] Cost of goods sold…

A: A partnership is one of the forms of business organization. Under this, some persons join their…

Q: 7. Merlin a partner in the Camelot Partnership, has a 30% participation in partnership profits and…

A: Calculation of Net income of Partnership firm during the year 2021 Net income of Partnership firm…

Q: The assets and equities of the Perdales, Ceballus and Bandonell partnership at the end of its fiscal…

A: SOLUTION-   EXPLANATION- PERDALES (7500 *30%) 2250 CERBALLUES (7500 * 50%) 3750 BANDONELL…