A partnership agreement called for salary allowances of $45,000 and $93,000 for partners A and B respectively. Also, interest on their capital accounts for 10% (A Cap, $90,000, B Cap, $300,000) During the fiscal period the Net Profit amounted to $200,000. How much of the profit is distributed to A and B? Record the appropriate journal entry Using the same information from #5 above, a new partner joined the partnership by buying out partner A for $1, 500,000 Record the journal entry O. Using only the same information from #5 above, a new partner joined the partnership by buying a 15% equity with an investment into the partnership of $275.000. Record the journal entry to admit the new partner (Use $90,000 and $300,000 for A and B capital balances) List the items whose balances get negotiated when 2 businesses merge List 7 accounts that appeal in the Stockholders' Equity Section of the Balance Sheet. A company is deciding if it should use Equity or Debt Financing to raise $5.000.000. They are considering 2 options Issue 5000 bonds at $1, OOO each with 10% interest or sell an additional 400,000 shares of common stock (Currently there is 1 million shares of common stock outstanding) The company is projecting a net income of $7 50,000 and a tax rate of 30% Help them decide! 16 What is the formula for EPS? How would you describe what EPS is? Why is EPS an important addition to the Income Statement? What is the difference between Horizontal and Vertical Analysis. List the 6 critical ratios that we discussed Also, write the formula for each and what the rations tell us when doing financial Statement Analysis? What are the four major segments of Ratio Analysis? What are the four major segments of Ratio Analysis? Complete a brief essay distinguishing between Financial and Managerial Accounting