Explain why salary and interest allowances are not expenses for a partnership.
Question:
Explain why salary and interest allowances are not expenses for a partnership.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (10 reviews)
Salary and intere...View the full answer
Answered By
Pushpinder Singh
Currently, I am PhD scholar with Indian Statistical problem, working in applied statistics and real life data problems. I have done several projects in Statistics especially Time Series data analysis, Regression Techniques.
I am Master in Statistics from Indian Institute of Technology, Kanpur.
I have been teaching students for various University entrance exams and passing grades in Graduation and Post-Graduation.I have expertise in solving problems in Statistics for more than 2 years now.I am a subject expert in Statistics with Assignmentpedia.com.
4.40+
3+ Reviews
10+ Question Solved
Related Book For
College Accounting A Practical Approach
ISBN: 9780134729312
14th Edition
Authors: Jeffrey Slater, Mike Deschamps
Question Posted:
Students also viewed these Business questions
-
1. When a corporation reacquires its own shares of stock, the Treasury Stock account is usually debited for which value or price? 2. If no other method of dividing net income or net losses is...
-
Are salary and interest allowances considered partnership expenses? Why?
-
For several years, Herschel Anderson had operated Management Consulting Company as its sole proprietor. On January 1, 2016, he formed a partnership with Richard Harris to operate the company under...
-
verify that u= c ext cosx is a dimensional heat cqn. for. a soln. of suitable value of c. one
-
The pulse sequence for a constant time version of double-quantum filtered COSY is shown below. Show that, for a two-spin system and starting from z, the double quantum present between the final two...
-
Are footnote disclosures sufficient to overcome nonrecognition on the balance sheet of assets and related liabilities for operating leases? Explain.
-
Using only the factor formulas given in Table 2.6, derive Equation 7.6 starting with Equation 7.3. TABLE 2.6 Summary of Discrete Compounding Interest Factors. To Find Given Factor Symbol Name P F...
-
Comprehensive Problem. As of July 1, 2011, the trial balance for Korner College was as follows: During the year ended June 30, 2012, the following transactions occurred: 1. Cash collections included:...
-
4. Write as a single power, then evaluate. Express answers in rational form. a) V55 -16 b) c) 284 7 18 (9) d) 2
-
Edit the program provided so that it receives a series of numbers from the user and allows the user to press the enter key to indicate that he or she is finished providing inputs. After the user...
-
Mutual agency could create unlimited liability. Agree or disagree? Defend your position.
-
Give an example of a fractional ratio.
-
Computing the derivative of f(x) = x 2 e x a. Use the definition of the derivative to show that b. Manipulate the limit in part (a) to arrive at f'(x) = e x (x 2 + 2x). Use the fact that h?)eh + 2xh...
-
What conditions must be met in order for price discrimination to be feasible?
-
If X - b a - = 1.5 and a = 22, b = 2, then x =
-
Do you think there should be greater government regulations or oversight of firms' ability to engage in price discrimination? Explain.
-
Under the New Economic Policy of 1921, what happened to the surplus of crops in Russian agriculture?
-
What are the factors that determine the competitive implications of price discrimination?
-
Compare and contrast upstream and downstream partners in a company's supply chain. Explain why value delivery network might be a better term to use than supply chain.
-
Havel says the grocer doesnt believe what is on the sign and indeed, he says the grocers customers will barely notice it. But Havel maintains that the sign serves a specific function. How would you...
-
Everglade Corporation has 310,000 shares of common stock issued and outstanding. On June 9, 201X, the board of directors declared a $0.48 per share dividend, payable on July 16, 201X, to stockholders...
-
On July 31, 201X, Steven Corporation had the following stockholders equity: Common Stock, $14 par value, authorized 90,000 shares, 55,000 shares issued and outstanding ............... $770,000...
-
Given the following stockholders equity: Common Stock, $9 par value, authorized 110,000 shares, 77,000 shares issued and outstanding .................. $ 539,000 Retained Earnings...
-
Find all the complex numbers z such that z += 0. Is the set open or closed? {zC: z*+i=0}
-
For each of the following matrices A Maxn (R), test A for diagonal- izability, and if A is diagonalizable, find an invertible matrix Q and a diagonal matrix D such that Q-1AQ = D. (a) (63) 2 1 3 (b)...
-
A summary of two stocks is shown. 52W high 52W low Name of Stock Symbol High Low Close 37.18 29.39 Zycodec ZYO 11.76 7.89 Unix Co UNX 39.06 32.73 34.95 16.12 12.11 15.78 Last year, a stockholder...
Study smarter with the SolutionInn App