Economic entity assumption
What is the economic entity assumption? Give an example of its violation.
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Harry, Hermione, and Ron formed an S corporation called Bumblebore. Harry and Hermione both contributed cash of $25,000 to get things started. Ron was a bit short on cash but had a parcel of land valued at $60,000 (basis of $50,000).
Explain why pro forma income statements adjust for depreciation expense when developing projected cash flows for a project.
Tip Top Corp. produces a product that requires 14 standard gallons per unit. The standard price is $6.00 per gallon. If 3,500 units required 51,000 gallons.
Kristen and Harrison are equal partners in the KH Partnership. The partners formed the partnership 5 years ago by contributing cash. Prior to any distributions Harrison has a basis in his partnership interest of $44,000. On December.
Randolph is a 30% partner in the RD Partnership. On January 1, RD distributes $15,000 cash, an investment with a fair value of $20,000 (inside basis of $10,000), and a parcel of land with a fair value of $10,000.
If a $1,000 zero coupon bond with a 20-year maturity has a market price of $311.80, what is its rate of return?
Using the percentage of receivables method for recording bad debts expense, estimated uncollectible accounts are $33,000 at the end of the year. If the balance of the Allowance for Doubtful Accounts is $10,000 debit before adjustment; what is the
At Jan 1, 2008 a company had a net valuation allowance account credit balance for investments in securities-available-for-sale of $20,000. At Deceber 31, 2008 the total cost of the relevant portfolio was $300,000, and total market value was $275,0
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A friend of yours, who is a nurse, is a patient at the facility you work at. He recently had some diagnostic testing done and is anxious about the results.
1. What additional information should you know about Carlos? 2. Which diagnostic tests should you periodically monitor
Research and analyze a public figure's social media conflict and create a presentation that tells their story and explains social media's impact on the conflict
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Describe your clinical experience this week in the pediatric clinic as a student family nurse practitioner.
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