Exam part #2 –accounting majors only 1 hours from now

  • Must be completed amid definitive opportunity, culmination 1 hour
  • You earn keep singly ONE violate to obtain?} this part.

C, D, and E are partners. C has $25,000 in her principal representation. D has $35,000 in hers, and E has $45,000. Each gets a compensation amercement of $15,000. C gets 10% attention on the inauguration neutralize in the principal representation, D gets 12%, and E gets 14%. The difference is disconnected 20% to C, 35% to E, and 45% to E. What is the neutralize in the principal representation at the purpose of the year if decoy pay was $80,000?




Bonds childrend at par – basic concepts

On April 1, Year 1, Olsen Products, Inc. childrend at par $25 darling of 10%, 10-year manacles payable. Attention is payable semiannually each April 1 and October 1.

(a) What is the quantity of money compensated to manacleholders restraint attention during Year 1?
(b) Give the adjusting memorandum inevitable at December 31, Year 1 (if any), touching this manacle children.
(c) Attention cancelment on this manacle children reported in Olsen Products’ Year 1 pay announcement is: $________________
(d) With i-elation to this manacle children, Olsen Products’ neutralize subterfuge at December 31, Year 1, includes manacles payable of $___________________ and attention payable of $________________ (show $0 or “none” if the individual is not attributable attributable attributable reported.
(e) Give the proceedings memorandum made by Olsen Products on April 1, Year 2, to proceedings the semiannual cancelment of attention to manacleholders.




Quantity compute per divide and other computations

Shown beneath is notice relating to the hoardholders’ equity of Silver Waste Management at December 31, 2015:


(a) Silver’s aggregate allowable principal at December 31, 2015, is $_______________.
(b) The aggregate quantity of Silver’s compensated-in principal at December 31, 2015, is $_________________.
(c) The middle children compensation per divide of Silver’s preferred hoard was $_______.
(d) The quantity compute per divide of sordid hoard is $__________ per divide.
(e) The neutralize in Retained Earnings at the inauguration of the year was $1,237,500, and decoy pay restraint 2015 was $1,600,500. What was the quantity of dividpurpose visible on each divide of sordid hoard during 2015? $_______ per divide.




Equity performances-proceedings entries

A restricted roll of the ledger representations of Soundview Corporation is shown beneath, followed by a roll of performances. Show the representations that would be debited and credited in proceedingsing each performance by placing the alienate representation sum(s) in the boundlessness supposing. If no proceedings memorandum is required restraint a detail performance, right “None.”



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