201911918

Answer the following questions points SQ1 Assume that A Company and B Company each invested S(your student Number) for a 50% interest in an unincorporated joint venture on January 2, 2020. AB achieved net profit 15% of your student number and paid cash dividends 4% of your student number Required: Record the journal entries in the books of the ventures A and B and compute the ending balance of investment in AB JV" by using: Equity method of accounting. points 502 The following balances pertain to Ali and Kamal Limited Liability partnership: Beginning capital balance of Ali = your student number Beginning capital balance of Kamal = [4] * [your student number] Suppose that the contract of the partnership shows the following facts 1- There is a 10% interest on the beginning capital of partners 2. The is a monthly salary of Ali S2000 3. There is a 20% bonus of Kamal of income after the bonus. 4- The remainder is divided based on the balances of beginning capital Required: 1- Record the journal and closing entries? 2. What are the balances of ending capital? points 503 Summarize the accounting treatment of the investment in the voting common stocks (theoretical discussion)