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BCSVACCT 2A&B: Accounting for Partnership & Corporation IAccounting for Partnership OperationsI. CONCEPTUAL SKILLSTRUE OR FALSEWrite A if the statement is false otherwise, write B. If the partners did not agree as to how profits are to be divided, then such should be divided among th...

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ACCT 2A&B: Accounting for Partnership & Corporation BCSV

ACCT2 A&B:Ac c oun t i n gf o rPa r t n e r s hi p&Cor p o r a t i o nI Ac c o u nt i n gf o rPa r t ne r s h i pOp e r a t i on s I .

CONCEPTUALSKI LL S

T RUEORF ALSE Wr i t eAi f t h es t a t e me n t i sf a l s eo t h e r wi s e , wr i t eB. 1 .I f t h ep a r t n e r sd i dn o t a g r e ea st oh o wp r o fi t sa r et ob ed i v i d e d , t h e ns u c hs h o u l db ed i v i d e da mo n gt h e p a r t n e r se q u a l l y . 2 . An ys a l a r i e sa u t h o r i z e df o r p a r t n e r sa r er e g a r d e da sap r e l i mi n a r ys t e pi nt h ed i v i s i o no f p r o fi t s , n o t a sa n e x p e n s eo f t h eb u s i n e s s . 3 . Un l e s so t h e r wi s ea g r e e d , a l l o wa n c ef o r s a l a r i e sa n di n t e r e s t a r ea l l o we dt op a r t n e r swh e t h e r t h e r ei sap r o fi t o ral o s s ; wh e t h e r t h ep r o fi t i ss u ffic i e n t o ri n s u ffic i e n t . 4 . Al l p a r t n e r sa r et os h a r eo nwh a t e v e r p a r t n e r s h i pp r o fi t so r l o s s e s . 5 . Ana d e q u a t ea c c o u n t i n gs y s t e ma n da na c c u r a t eme a s u r e me n t o f i n c o mea r en o t n e e d e db yap a r t n e r s h i p b e c a u s et h ep r o fi t i sd i v i d e da mo n gt woo r mo r ep a r t n e r s . 6 . Bo n u si sa l l o we dt op a r t n e r so n l yi f t h e r ei sap r o fi t . 7 .T h ei n c o mes t a t e me n t o f ap a r t n e r s h i pd i ff e r sf r o mt h a t o f as i n g l ep r o p r i e t o r s h i pi no n l yo n er e s p e c t afi n a l s e c t i o ni sa d d e dt os h o wt h ed i v i s i o no f t h ep r o fi t b e t we e no r a mo n gp a r t n e r s . 8 .T h ep a r t n e r s h i pb o o k sma ys h o wa ni n c o r r e c t p r o fi t b e c a u s eo f e r r o r sa n do mi s s i o n st h a t s h o u l dfi r s t b e c o r r e c t e db e f o r et h ep r o fi t d i s t r i b u t i o nt ot h ep a r t n e r s . 9 . Pr o fi t i sr e p r e s e n t e db yac r e d i t b a l a n c ei nt h eI n c o mes u mma r ya c c o u n t a f t e rc l o s i n gi n t oi t a l l t h eo p e r a t i n g a c c o u n t s . 1 0 .Al l o wa n c ef o r s a l a r i e sa n di n t e r e s t i nap a r t n e r s h i pa g r e e me n t a r eme t h o d so f a l l o c a t i n gp r o fi t sa n dl o s s e s t ot h ep a r t n e r s . 1 1 .T h ep e r c e n t a g ei n t e r e s t i nap a r t n e r s h i pi sa l wa y st h es a mea st h ep r o fi t s h a r i n gr a t i o . 1 2 .I ns i t u a t i o n swh e r et h en e t i n c o mei si n s u ffic i e n t t oc o v e r t h ei n t e r e s t a n d / o r s a l a r ya l l o wa n c e s , o r t h e p a r t n e r s h i pi n c u r sal o s s , i n t e r e s t a n ds a l a r ya l l o wa n c e sa r en o r ma l l yp r o v i d e df o ri nf u l l a n da n yr e ma i n d e r i st a k e na san e g a t i v ea mo u n t . 1 3 .Sa l a r i e s , i n t e r e s t s , a n db o n u s e sa l l o we dt op a r t n e r sa sd i s t r i b u t i o no f p r o fi t sa r et r e a t e da se x p e n s e s . 1 4 .Pr o fi t sa n dl o s s e s , i ng e n e r a l , s h a l l b ed i v i d e di na c c o r d a n c ewi t ht h ea g r e e me n t a mo n gt h ep a r t n e r s . 1 5 .I n t e r e s t o ni n v e s t me n t i sa ni n c e n t i v eg i v e nt oama n a g i n gp a r t n e rwh i c hi su s u a l l yap e r c e n t a g eo f p r o fi t . 1 6 .I n t e r e s t o nc a p i t a l , Sa l a r ya l l o wa n c e s , a n db o n u s e sa r et r e a t e da se x p e n s e s . 1 7 .E v e ni nc a s e swh e r et h ep a r t n e r s h i ps u ff e r e dal o s s , b o n u st op a r t n e r / si ss t i l l p o s s i b l e . 1 8 .I n t e r e s t o nc a p i t a l , a n ds a l a r ya l l o wa n c e sa r ep r o v i d e di nf u l l e v e ni f t h ep a r t n e r s h i ps u ff e r e dn e t l o s so rt h e p r o fi t i sn o t s u ffic i e n t t oc o v e r s u c h . 1 9 .As t i p u l a t i o no f e x e mp t i n ga ni n d u s t r i a l p a r t n e r f r o ml o s s e si sv o i d . 2 0 .T h ep a r t n e r so f ac e r t a i np a r t n e r s h i pf a i l e dt oma k ea na g r e e me n t o nh o wt oa l l o c a t ep r o fi t , s ob yd e f a u l t , t h e ys h o u l da l l o c a t ep r o fi t a n dl o s sb a s e do nt h e i r a v e r a g ec a p i t a l b a l a n c e s .

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Su p p l ywh a t i sa s k e d . Pr ob l e m1 : J e r , I c , a n dHoa r ep a r t n e r ss h a r i n gp r o fi t so na2 : 5 : 3r a t i o . OnJ a n . 1 1 , 2 0 1 2 , An t h o n ywa sa d mi t t e di n t ot h e p a r t n e r s h i pwi t ha2 5 %s h a r ei nt h ep r o fi t s . T h eo l dp a r t n e r sc o n t i n u et op a r t i c i p a t ei np r o fi t sp r o p o r t i o n a t et ot h e i r o r i g i n a l r a t i o s . 1|Page

ACCT 2A&B: Accounting for Partnership & Corporation BCSV F o r t h ey e a r 2 0 1 2 , t h eb o o k ss h o we dap r o fi t o f P7 0 0 , 0 0 0 . I t wa sd i s c l o s e d , h o we v e r , t h a t t h ef o l l o wi n ge r r o r swe r e ma d e : 2 0 1 1 P2 4 , 0 0 0

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Qu e s t i o n st oa ns we r : 1 . Wh a t i sHo ’ sn e wpr ofi t pe r c e n t a ges h a r e ? 2 . Byho wmu c hd i dJ e r ’ sp r o fi tp e r c e n t a ges h a r ec h a n gea f t e rt h ea d mi s s i onof Ant ho n y ?I nd i c a t ei f I NCREASEo rDECREASE 3 . Wh a t i st hec o r r e c t pr o fit o f t h ep a r t ne r s hi pf ort hey e a r2 0 1 2 ? 4 . Howmu c hi sJ e r ’ ss h a r ei np r o fi t ? 5 . Howmu c hi sI c ’ ss h a r ei np r o fi t ? Pr ob l e m2 : J u l i aa n dJ o s h u ae n t e r e di n t oap a r t n e r s h i po nAp r i l 1 , 2 0 1 3 , i n v e s t i n gP6 2 5 , 0 0 0a n dP3 7 5 , 0 0 0 , r e s p e c t i v e l y . I t wa s a g r e e dt h a t J u l i a , t h ema n a g i n gp a r t n e r , i st or e c e i v eas a l a r yo f P1 6 2 , 8 7 5p e ra n n u ma n d1 0 %o f n e t i n c o mea f t e r a d j u s t me n t f o r t h es a l a r y , t h ep a r t n e r sf a i l e dt oc o mei n t oa na g r e e me n t o nh o wt oa l l o c a t et h er e ma i n i n gp r o fi t . On Ma r c h3 1 , 2 0 1 4 , a c c o u n t b a l a n c e sa r ea sf o l l o ws :

Ca s h Ac c o u n t sRe c e i v a b l e s PPE Ac c o u n t sp a y a b l e J u l i a , Ca p i t a l J u l i a , Dr a wi n g J o s h u a , Ca p i t a l J o s h u a , Dr a wi n g Sa l e s Sa l e sr e t u r n s Pu r c h a s e s Op e r a t i n ge x p e n s e s

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Ad d i t i o n a l i n f o r ma t i o na so f Ma r c h3 1 , 2 0 1 4 : 1 .I n v e n t o r i e s : Su p p l i e s , P1 2 , 5 0 0; Me r c h a n d i s e , P3 6 5 , 0 0 0 2 . Pr e p a i dt a x e sa n di n s u r a n c e , P5 , 0 0 0 3 . Ac c r u e de x p e n s e s , P7 , 5 0 0 2|Page

ACCT 2A&B: Accounting for Partnership & Corporation BCSV 4 . De p r e c i a t i o no nPPE, 2 0 %p e r a n n u m 5 .I n c o met a xr a t ei s3 0 % De t e r mi n et h ef ol l owi ng: 6 . Ne t i n c o me( l o s s ) 7 .J os h u a ’ ss h a r ei nn e t i n c o me( l o s s ) 8 . J u l i a ’ ss h a r ei nne t i nc ome( l o s s ) 9 .J os h u a ’ se n d i ngc a pi t a l ba l a n c e Pr ob l e m3 : F e r n a n , Be r n a r d , Ra mi l , &We n z c a r l oa r ep a r t n e r s . T h e i r c a p i t a l a c c o u n t sd u r i n gt h ey e a r2 0 1 2we r ea sf o l l o ws : Ca p i t a l , F e r n a n 9 / 11 2 0 , 0 0 0 1 / 78 0 0 , 0 0 0 4 / 1 41 6 0 , 0 0 0 1 1 / 16 0 , 0 0 0

Ca p i t a l , We n z c a r l o 1 1 / 27 5 , 0 0 0 1 / 7 6 0 0 , 0 0 0 1 2 / 51 0 8 , 0 0 0 6 / 1 22 1 0 , 0 0 0 1 2 / 2 03 4 0 , 0 0 0

3 / 31 8 0 , 0 0 0

Ca p i t a l , Ra mi l 1 / 71 , 2 0 0 , 0 0 0 7 / 3 1 4 0 , 0 0 0 9 / 2 81 0 0 , 0 0 0

Ca p i t a l , Be r n a r d 5 / 1 6 2 0 0 , 0 0 0 1 / 71 , 5 0 0 , 0 0 0 1 2 / 1 25 5 0 , 0 0 0 2 / 2 16 0 , 0 0 0 7 / 1 31 4 0 , 0 0 0

As s umpt i o n1 : I n t e r e s t a t 9 %i st ob ea l l o we do nt h eb e g i n n i n gc a p i t a l o f e a c hp a r t n e r . Sa l a r i e so f P1 4 5 , 0 0 0 , P 1 1 0 , 0 0 0 , P1 7 0 , 0 0 0 , &P1 6 5 , 0 0 0t oF e r n a n , We n z c a r l o , Be r n a r d , &Ra mi l , r e s p e c t i v e l y . Re s i d u a l i n c o mei st ob e d i v i d e di nt h er a t i oo f 2 : 3 : 1 : 4t oBe r n a r d , We n z c a r l o , F e r n a n , &Ra mi l , r e s p e c t i v e l y . Pr o fi t f o r t h ey e a r i sP1 , 1 4 0 , 0 0 0 De t e r mi n et h ef ol l owi ng: 1 0 .T o t a l s h a r eo f We n z c a r l oi nt h ep r o fi t 1 1 .T o t a l s h a r eo f Be r n a r da ndRa mi l i nt h epr ofi t 1 2 .En d i ngc a pi t a l ba l a n c eof Be r n a r d 1 3 .Sh a r eo fF e r n a ni nt h er e ma i ni ngi n c o me 1 4 .T o t a l c a p i t a l of We n z c a r l oa n dF e r n a na f t e ra l l o c a t i ono f pr o fit As s umpt i o n2 : I n t e r e s t a t 1 2 %i st ob ea l l o we do nt h eb e g i n n i n gc a p i t a l b a l a n c eo f e a c hp a r t n e r . Sa l a r i e so f P 1 1 5 , 0 0 0a n dP2 0 0 , 0 0 0t oF e r n a na n dWe n z c a r l o , r e s p e c t i v e l y . Bo n u so f 1 5 %a n d2 0 %a f t e r i n t e r e s t a n ds a l a r i e st o Ra mi l a n dBe r n a r d , r e s p e c t i v e l y . Re s i d u a l i n c o me( l o s s ) i st ob ed i v i d e de q u a l l ya mo n gt h ep a r t n e r s . Ne t l o s sf o r t h e y e a r i sP1 , 4 5 0 , 0 0 0 De t e r mi n et h ef ol l owi ng: 1 5 .Bo n u sr e c e i v e db yRa mi l 1 6 .T o t a l s h a r eo f Be r n a r di nt h el o s s 1 7 .T o t a l c a p i t a l ba l a n c eof F e r na na n dRa mi l a f t e ra l l o c a t i o n 1 8 .T o t a l s h a r eo f We n z c a r l oa n dRa mi l i nt h el os s 1 9 .Ca p i t a l ba l a n c eof Be r n a r da f t e ra l l oc a t i o nof l o s s As s umpt i o n3 : Ea c hp a r t n e r i st ob ec r e d i t e d9 %i n t e r e s t o nh i sa v e r a g ec a p i t a l . Sa l a r yo f P3 0 0 , 0 0 0t oBe r n a r d . Bo n u so f 2 0 %t oWe n z c a r l oa f t e ra l l i n t e r e s t b u t b e f o r es a l a r ya n d2 5 %b o n u st oF e r n a na f t e ra l l i n t e r e s t , s a l a r y , a n d b o n u s e s .An yr e ma i n i n gp r o fi t i st ob ed i v i d e db a s e do nb e g i n n i n gc a p i t a l b a l a n c e . Pr o fi t ( l o s s ) f o r t h ey e a r i sP 9 0 5 , 0 0 0 3|Page

ACCT 2A&B: Accounting for Partnership & Corporation BCSV De t e r mi n et h ef ol l owi ng: 2 0 .Av e r a gec a p i t a l o fRa mi l 2 1 .Bo n u sr e c e i v e db yF e r n a n 2 2 .T o t a l s h a r eo f We n z c a r l oi nt h ep r o fi t 2 3 .T o t a l s h a r eo f Ra mi l a n dBe r n a r di nt hepr ofi t 2 4 .Ca p i t a l ba l a n c eof F e r n a na f t e ra l l o c a t i o nof pr ofi t 2 5 .T o t a l c a p i t a l ba l a n c eof Ra mi l , Be r n a r d , &We n z c a r l oa f t e ra l l o c a t i o no f pr o fit Pr ob l e m4 : Ka t , Ri , a n dNaa r ep a r t n e r swi t ha v e r a g ec a p i t a l b a l a n c e sd u r i n g2 0 0 7o f P9 4 5 , 0 0 0 , P4 7 7 , 3 0 0a n dP3 2 4 , 7 0 0 , r e s p e c t i v e l y . Th ep a r t n e r sr e c e i v e1 0 %i n t e r e s t o nt h e i r a v e r a g ec a p i t a l b a l a n c e s , s a l a r i e so f P2 6 6 , 0 0 0t oRi a n dP 1 9 9 , 8 0 0t oKa t , a n yr e s i d u a l p r o fi t ( l o s s ) i sd i v i d e di nt h er a t i oo f 1 0 : 3 0 : 4 0Ri , Ka t , &Na , r e s p e c t i v e l y . As s umpt i o n1 : Th ep a r t n e r s h i ph a dan e t l o s so f P2 6 9 , 0 0 0 . De t e r mi n et h ef ol l owi ng: 2 6 .Sh a r eo fNai nt h el os s 2 7 .Sh a r eo fKa t i nt h el os s As s umpt i o n2 : Th ep a r t n e r s h i ph a dap r o fi t o f P1 0 2 , 0 0 0 . De t e r mi n et h ef ol l owi ng: 2 8 .Sh a r eo fRi i nt h epr ofi t 2 9 .Sh a r eo fKa t i nt h epr ofi t Pr ob l e m5 : Br i a na n dJ o n a sf o r me dGi a n t Ba n dJEn t e r p r i s e ss e v e r a l y e a r sa g o . Th ep a r t n e r s h i pa g r e e me n t s t a t e st h a t e a c h p a r t n e r i st or e c e i v eas a l a r yo f P1 3 , 5 0 0p e rmo n t h ; 6 %a n d7 %i n t e r e s t o nb e g i n n i n gc a p i t a l b a l a n c et oBr i a na n d J o n a s , r e s p e c t i v e l y . I t i sa g r e e dt h a t Br i a nwi l l r e c e i v ea3 0 %b o n u so np r o fi t a f t e r i n t e r e s t a n ds a l a r i e s . An y r e ma i n d e r wo u l db ed i v i d e db e t we e nBr i a na n dJ o n a si nt h er a t i oo f 1 : 4r e s p e c t i v e l y . T h eu n a d j u s t e dt r i a l b a l a n c eo f t h ep a r t n e r s h i pa so f De c e mb e r 3 1 , 2 0 0 2i sp r e s e n t e db e l o w:

Ca s h Ac c o u n t sr e c e i v a b l e M. I n v e n t o r y , J a n . 1 Bu i l d i n g( n e t ) L a n d Br i a n , d r a wi n g J o n a s , d r a wi n g Pu r c h a s e s Op e r a t i n ge x p e n s e

De bi t s P1 , 0 0 0 , 0 0 0 6 0 0 , 0 0 0 8 0 0 , 0 0 0 7 0 0 , 0 0 0 6 0 0 , 0 0 0 2 0 0 , 0 0 0 2 4 0 , 0 0 0 1 , 2 0 0 , 0 0 0 3 0 0 , 0 0 0

Ac c o u n t sp a y a b l e No t e sp a y a b l e Br i a n , Ca p i t a l J o n a s , Ca p i t a l Sa l e s

Cr e d i t s P7 0 0 , 0 0 0 4 0 0 , 0 0 0 1 , 5 0 0 , 0 0 0 1 , 2 4 0 , 0 0 0 1 , 8 0 0 , 0 0 0

Ad d i t i o n a l i n f o r ma t i o n : 1 .T h eM. i n v e n t o r yo nDe c . 3 1 , wa sP1 , 1 0 0 , 0 0 0 2 . De p r e c i a t i o no nb u i l d i n gi s1 5 %o f t h en e t v a l u e . 3 . OnJ u n e3 0 , 2 0 0 2 , t h ep a r t n e r s h i pr e c o r d e daP2 0 0 , 0 0 0a d d i t i o n a l c a p i t a l c o n t r i b u t i o nb yBr i a n . J o n a s ma d en oa d d i t i o n a l c a p i t a l c o n t r i b u t i o n sd u r i n gt h ey e a r 4 .I n c o met a xr a t ei s3 0 % Qu e s t i o n st oa ns we r : 4|Page

ACCT 2A&B: Accounting for Partnership & Corporation BCSV 3 0 .Ho wmu c hi st h ee n t e r p r i s e s ’ c o s t o fs a l e sf ort hey e a r ? 3 1 .Ho wmu c hi st h en e t i n c o me( l o s s ) f ort hey e a r ? 3 2 .Ho wmu c hbo n usdi dBr i a nr e c e i v e d ? 3 3 .Ho wmu c hi st h et ot a l s h a r eo f J o na si nt h ep r o fi t ( l os s ) ? 3 4 .Wha ti st h eba l a n c eo fBr i a n ’ sc a p i t a l a f t e ra d j u s t me n t s&a l l oc a t i o nofp r o fit ? 3 5 .Wha ti st h eba l a n c eo fJ on a s ’ c a pi t a l a f t e ra d j us t me n t s&a l l oc a t i o no f pr ofi t ? 3 6 .Whoha st hehi gh e s tc a p i t a l a f t e ra d j u s t me n t s&a l l oc a t i on ?

Pr ob l e m6 : An t o n i o , J o s e , a n dRi c a r d oa r ep a r t n e r ss h a r i n gp r o fi t so na5 : 2 : 3r a t i o . OnJ a n . 1 4 , 2 0 0 9 , Ar n o l dwa sa d mi t t e di n t o t h ep a r t n e r s h i pwi t ha1 5 %s h a r ei nt h ep r o fi t s . T h eo l dp a r t n e r sc o n t i n u et op a r t i c i p a t ei np r o fi t sp r o p o r t i o n a t et ot h e i r o r i g i n a l r a t i o s . F o r t h ey e a r 2 0 0 9 , t h eb o o k ss h o we dap r o fi t o f P8 7 4 , 5 0 0 . I t wa sd i s c l o s e d , h o we v e r , t h a t t h ef o l l o wi n ge r r o r swe r e ma d e :

2 0 0 8 Ac c r u e de x p e n s en o t r e c o r d e da t y e a r e n d I n v e n t o r yu n d e r s t a t e me n t

2 0 0 9 P6 7 , 6 0 0

P5 0 , 0 5 0

Pu r c h a s e sn o t r e c o r d e d , f o r wh i c hg o o d sh a v eb e e nr e c e i v e d b u t n o t i n c l u d e di nt h ei n v e n t o r y

4 0 , 0 0 0

I n c o mer e c e i v e di na d v a n c en o t a d j u s t e d

9 5 , 5 5 0

Un u s e ds u p p l i e sn o t t a k e nu pa t y e a r e n d

1 2 , 2 0 0

Qu e s t i o n st oa ns we r : 3 7 . Wh a t i sAn t o n i o ’ sne wpr ofi t pe r c e n t a ges h a r e ? 3 8 . Byh owmuc hdi dRi c a r do ’ spr o fit p e r c e n t a ges h a r ec ha n g ea f t e rt hea d mi s s i o nofAr n o l d ? I nd i c a t ei fI NCREASEo rDECREASE 3 9 . Ho wmu c hi st h ec o r r e c t pr ofi t of t h epa r t n e r s h i pf o rt hey e a r2 0 0 9 ? 4 0 . Ho wmu c hi sJ o s e ’ ss h a r ei np r o fi t ? 4 1 . Ho wmu c hi sAr no l d ’ ss h a r ei npr o fit ?

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“ I f e v e rt h e r ewa sat i met of o l l o wy o u rp a s s i o na n dd os o me t h i n gt h a t ma t t e r st oy o un o wi s c e r t a i n l yt h a t t i me . ”

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ACCT 2A&B: Accounting for Partnership & Corporation BCSV

* Su gge s t e dKe y * I . CONCEPT UALSKI LL S 1 . A 1 1 . A 2 . B 1 2 . B 3 . B 1 3 . A 4 . A 1 4 . B 5 . A 1 5 . A 6 . B 1 6 . A 7 . B 1 7 . A 8 . B 1 8 . B 9 . B 1 9 . A 1 0 . B 2 0 . A I I . COMPUT AT I ONAL&ANAL YTI CALSKI L LS 1 . 2 2 . 5 % 1 9 . P5 6 5 , 7 5 0 2 . 5 %d e c r e a s e 2 0 . P1 , 1 4 5 , 0 0 0 3 . P6 7 0 , 0 0 0 2 1 . P2 4 , 4 1 3 . 6 0/ 2 4 , 4 1 4 4 . P1 0 0 , 5 0 0 2 2 . P1 8 2 , 8 9 8 5 . P2 5 1 , 2 5 0 2 3 . P5 9 8 , 5 3 4 6 . P3 8 5 , 0 0 0 2 4 . P1 , 0 2 3 , 5 6 8 . 6 0/ 1 , 0 2 3 , 5 6 9 7 . P7 4 , 9 6 7 . 1 9 2 5 . P3 , 9 5 8 , 4 3 2 8 . P3 1 0 , 0 3 2 . 8 1 2 6 . ( P4 2 2 , 2 8 0 ) 9 . P2 9 9 , 9 6 7 . 1 9 2 7 . ( P4 6 , 7 6 2 . 5 0 ) 1 0 . P2 1 8 , 3 0 0 2 8 . P2 4 6 , 4 1 7 . 5 0 1 1 . P6 8 6 , 6 0 0 2 9 . P9 2 , 3 6 2 . 5 0 1 2 . P1 , 2 9 1 , 2 0 0 3 0 . P9 0 0 , 0 0 0 1 3 . P1 8 , 1 0 0 3 1 . P3 4 6 , 5 0 0 1 4 . P2 , 3 2 0 , 4 0 0 3 2 . P0 1 5 . P0 3 3 . P1 3 4 , 9 6 0 1 6 . ( P3 8 4 , 2 5 0 ) 3 4 . P1 , 5 1 1 , 5 4 0 1 7 . P1 , 3 8 6 , 5 0 0 3 5 . P1 , 1 3 4 , 9 6 0 1 8 . ( P7 1 2 , 5 0 0 ) 3 6 . BRI AN 3 7 . 4 2 . 5 % 3 8 . 4 . 5DECREASE 3 9 . P6 7 3 , 5 0 0 4 0 . P1 1 4 , 4 9 5 4 1 . P1 0 1 , 0 2 5 6|Page

ACCT 2A&B: Accounting for Partnership & Corporation BCSV

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