Sharp and townson had capital balances of $60,000 and $120,000, respectively, on january 1 of the current year. on may 8, sharp invested an additional $10,000 in the partnership. during the year, sharp and townson withdrew $25,000 and $45,000, respectively. the revenue account at the end of the year had a balance of $600,000, and the expense account had a balance of $510,000. sharp and townson have agreed to split net income on a 2: 1 basis.
a. prepare the statement of partnership equity for the current year. if an amount box does not require an entry, leave it blank.

If a company’s employees are angry about their work, a visiting auditor may also become agitated, illustrating the power of

He management's discussion and analysis (md& a) required in general purpose federal financial reporting is different than that required by gasb of state and local governments in that: a. it includes information about the agency's performance goals and results in addition to financial activities. b. it is outside the general purpose federal financial report and is optional, not required. c. it is a part of the basic financial statements and, as a result, it is audited along with the financial statements. d. there are no significant differences.

Salty sensations snacks company manufactures three types of snack foods: tortilla chips, potato chips, and pretzels. the company has budgeted the following costs for the upcoming period: 1 factory depreciation $33,782.00 2 indirect labor 84,456.00 3 factory electricity 8,446.00 4 indirect materials 40,356.00 5 selling expenses 26,900.00 6 administrative expenses 17,200.00 7 total costs $211,140.00 factory overhead is allocated to the three products on the basis of processing hours. the products had the following production budget and processing hours per case: budgeted volume (cases) processing hours per case tortilla chips 3,600 0.25 potato chips 5,300 0.11 pretzels 2,300 0.49 total 11,200 required: a. determine the single plantwide factory overhead rate.* b. use the factory overhead rate in (a) to determine the amount of total and per-case factory overhead allocated to each of the three products under generally accepted accounting principles. refer to the amount descriptions list provided for the exact wording of the answer choices for text entries.* * if required, round your answers to the nearest cen