Partnership
Q: Government ma
A: Appropriation means setting aside some money for some specific purpose or in case of government we…
Q: Define Partnership Deed.
A: Partnership: This is the form of business entity which is formed by an agreement, owned and managed…
Q: artners' Agreement
A: Partnership according to section 3 (1) of the partnership act 1961 is known as the relation between…
Q: rship
A: Partnership -: A Partnership is an agreement that takes place between two or more…
Q: Define partnership
A: A partnership is a legal agreement between 2 or more person to run the business for a foreseeable…
Q: lic partn
A: A Public-private partnership (PPP) is often defined as a long-term contract between a private party…
Q: ESSAY: Differentiate Corporation from Partnership
A: Introduction:- Corporations is different from partnerships, there are many differences in each…
Q: Define Memorandum Joint Venture Account.
A: Joint venture: Joint venture means two or more companies join together and form another new…
Q: Discuss the nature of partnership?
A: “Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: Difference between partnership and company
A: A company owned by one individual is a proprietorship or sole proprietorship. When two or more…
Q: How does a partnership prepare financial reporting?
A: In a partnership, two or more parties agree to operate and manage a business and share the profits…
Q: Discuss the advantages derived by getting the accounts of partnership audited.
A: The question is related to Auditing. Auditing is an independent examination of financial statements…
Q: Explain Limited Liability Partnerships?
A: It is like a usual partnership aside from that it has two classes of partners. The usual partners…
Q: What is limited liability partnership (LLP)?
A: A partnership is a legal agreement between 2 or more person to run the business for a foreseeable…
Q: advantage of the partnership a
A: (Note: Since you have posted multiple questions, we will solve the first question for you. For the…
Q: Distinguish partnership vs. joint venture
A: Joint venture is the combination of business of two separate companies for the purpose of doing…
Q: A general partnership may be formed by Group of answer choices either oral or written agreement.…
A: A general partnership is formed when two or more person agreed to share assets, profit share and…
Q: Define Franchise.
A: There are several forms of business like the sole proprietorship, partnership and corporation which…
Q: Difference between partnership and company.
A: The differences between a partnership form of business and company on the basis of their operations…
Q: Prepare journal entry incorporation of Partnership
A: The partnership refers to a general agreement among the partners for carrying a legal business and…
Q: Corporation. Cooperative. Partnership. Oropriotorchin
A: Introduction : In simple words, the given question relates to the multiple forms of business…
Q: Why it is considered desirable to make the partnership agreement in writing.
A: In accountancy, Partnership is when two or more individuals decide to carry out any business…
Q: Differentiate between independent and mutually exclusive projects.
A: Mutually exclusive projects: If two projects are termed to be mutually exclusive, when the…
Q: What is joint venture?
A: JOINT VENTURES: Joint Venture is a business legal entity where the two or more than two business…
Q: partnership of industrial partners
A: The question is related to partnership of industrial partners.
Q: Distinguish Partnership from Corporation. Explain each
A: Partnership is an agreement between two or more persons in which they invest capital, run business…
Q: What is mutually exclusive projects?
A: Mutually exclusive projects are capital projects which engage directly with each other. It differs…
Q: Explain Joint Ventures?
A: Joint Venture is a form of business through which Proprietor get opportunity to extent business…
Q: Explain partnership
A: SOLUTION:- Partnership is an association of two or more than two persons who come together and…
Q: Define Vested benefits.
A:
Q: Define Share Issue Costs.
A: Share: It represents the unit of ownership interest in a corporation. A capital of a company is…
Q: Mutual agency is defined
A: In a partnership, two or more parties agree to operate and manage a business and share the profits…
Q: tion of partnership assets?
A: Sheen will receive 33333 and Carl Receive 26667 at the time of Dissolution of partnership firm
Q: What is Private Public partnership? Importance and challenges of Private Public partnership?
A: A partnership is an agreement between two or more persons or companies that mutually agree to share…
Q: Which are two types of partnerships are general partnerships andlimited partnerships?
A:
Q: Create a simple Organizational Structure of General Partnership
A: General partnership refers to the arrangement of business through which two or more than two persons…
Q: The following inf PARTNERSHIP.
A: The sharing of profit and loss in accordance with the profit and loss sharing ratio.it completely…
Q: ortance of private public partnership?
A: Public-Private Partnership Success Popular in many European countries, PPPs have gotten off to a…
Q: ties between Corpor
A: Partnerships and Ltd. or corporations gift many similarities for business house owners trying to…
Q: Highlight differences between partnership and limited company?
A: The difference between partnership qnd Limited company is as below.
Q: What is general partner?
A: Partnership is one of form which is used to commence business by two or more individuals, it is one…
Q: Capital Contribution Ratio in Partnership Operations
A: Capital contribution ratio is simply the proportion in which the partners contribute capital in a…
Q: What is intra group transactions
A: Inter group transactions are the financial or commercial transactions which involve two companies of…
Q: Distinguish Joint venture from joint consortium and joint arrangement?
A: There are many types of business organisation which can be formed to run a business. However, there…
Q: 1. Compare and contrast the advantages and disadvantages between a C-corporation and a general…
A: Introduction:- Corporation is a legal entity created by individuals, stockholders, or shareholders…
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- Q8 ABC Bakers is a partnership concern owned and operated by Mr. X and Mr. Y. Identify the option that reflect the correct treatment of accounting transaction in the books of ABC Bakers? Select one: a. Mr. X borrowed Mr. Y money from a partnership’s bank account to buy a car for personal use: Debit vehicle; Credit Bank b. Mr. Y purchased an oven for the bakery using his personal credit card: Debit Oven (Asset); Credit Equity Capital c. Mr. X paid his house rent from the business bank account. Debit Rent expense; Credit Bank B d. Mr. Y paid out of buProblem IAriel, Beauty and Cindy decided to form Disprin Partnership with 2:2:1 profit sharing. Both Ariel and Beauty have existing business. The balance sheet of the two are shown below together with their agreement prior to formation. Ariel BeautyCash 113 126Accounts Receivables 200 100Inventories 50 50Equipment 80 0Furniture 0 30Prepayments 5 15TOTAL 448 321 Accounts Payable 75 95Capital 373…1. Nita and Bona, entrepreneurs, agreed to invest cash to put up a business selling signature bags. They agreed to share profits based on the legal provision. The following are the ledger postings for 2019: (see attached image) Direction: a) In chronological order, describe the transaction that took place. b) From the above postings, determine the agreements contained in the Articles of Co-Partnership regarding required contribution of each partner, allowable withdrawals, and profit sharing ratio. c) Give the last two entries (drawings and profit share). d) Prepare a statement of partner's equity for 2019.
- Q3) Which of the following legal forms of business is owned and usually operated by a person who is responsible for its debts? Select one: a. Corporation b. Cartel c. Sole proprietorship d. General partnership e. Limited partnership This multiple choice question from BUSINESS MATHEMATICS course.just write for me the final answer.Ma1. response to the classmate, Amanda Cain, Partnerships are considered flow-through entities meaning, each partner of the business is responsible to pay taxes on their share of the business’s profit/losses. The amount paid on profit/losses is determined by each partner’s investment share of the business. If the business suffers a loss the partners would each take ownership of the amount on their personal income tax rather thank through the partnership as it is not a taxable entity. The same goes for profits, if the business earns a profit each partner must pay taxes on their share. Basic tax filing requirements of a partnership is 1.) file an information return using Form 1065 annually with the IRS and 2.) each of the partners will be required to file an individual income tax return using Form 1040 in addition to Form 1065. The Form 1065 is used to disclose the business’s income/loss and provide a breakdown of how much each of the partners have earned from their share of profit…A & B approach C about forming a general partnership. A & B will each contribute $10,000 cash as start-up funds. C is to contribute no cash but instead work full-time in the business. A & B will work only part-time in the business. A, B, & C will share profits equally. C believes this is a great opportunity for him as he has no investment to risk by going into business with A & C. Is he correct?
- Question 1: Define and discuss each of the following by providing at least 2 practical examples: a) Limited Partnership; Limited Liability partnership; Professional corporation? b) A friend asked you to reveal important financial information of the company,being a finance manager of the company what would you do? Justify by considering ethics in finance. c) Describemechanisms that motivate managers to act in stockholders’ best interests, and to overcome agency problem?Question: Define and discuss each of the following by providing at least 2 practical examples: Limited Partnership; Limited Liability partnership; Professional corporation? A friend asked you to reveal important financial information of the company, being a finance manager of the company what would you do? Justify by considering ethics in finance. Describe mechanisms that motivate managers to act in stockholders’ best interests, and to overcome agency problem?Is a mutiple question: Question : Accounting for the day-to-day activities for a Partnership or Limited Liability Corporation (LLC) is generally: Group of answer choices 1. the same as the accounting for a sole proprietorship only 2. the same as the accounting for any other form of business 3. is not the same as the accounting for any other form of business 4. the same as the accounting for a corporation only
- Q1. When the management of a business is conducted by individuals other than the owners, the business is more likely to be a: partnership. sole proprietorship. general partner. corporation.Franklin, John, Henry, and Harry have decided to pool their financial resources and business skills in order to open up and run a coffee shop. They will share any profits or losses that the business generates and will be personally responsible for making good on any debt that their business undertakes. Their business should be classified as a. corporation. b. sole proprietorship. c. partnership. d. none of the above.Ariel, Beauty and Cindy decided to form Disprin Partnership with 2:2:1 profit sharing. Both Ariel and Beauty have existing business.The balance sheet of the two are shown below together with their agreement prior to formation.ArielBeautyCash113126Accounts Receivables200100Inventories5050Equipment800Furniture030Prepayments515TOTAL448321Accounts Payable7595Capital373226TOTAL448321Partners' agreements:Receivables are 97% collectibleAriel's inventories fair values is at P49 while P20 of Beauty's Inventories were damaged and are only 30% recoverable.The equipment is overdepreciated by P5 and the furniture's value will decrease by P4.P3 of Ariel’s prepayments were already exhausted while Beauty has unrecorded liability of P3.Cindy will contribute sufficient cash to give her 20% interest1. How much capital will be credited to Ariel?
