Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hello brother, please help me .answer all questions.I will not forget your favour . please write the question number and answer code. Corporate accounting 1

Hello brother, please help me .answer all questions.I will not forget your favour .please write the question number and answer code.

Corporate accounting 1

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Question 18 Not yet answered Marked out of 1 P Flag question If Goodwill is OMR 120,000, Average profit is OMR 60,000, Normal. Rate of return is 10% on capital employed OMR 480,000. Calculate capitalized value of the firm. O a. OMR 700,000 O b. OMR 400,000 O c. OMR 500,000 O d. OMR 600,000 Question 19 Not yet answered Marked out of 1 P Flag question Manager is entitled to a commission of 10% of net profits after charging such commission. The firm's net profit during a year is OMR 11,000. The amount of manager's commission will be: O a. OMR 11,000 b. None of these are correct OC. OMR 1,100 O d. OMR 1,000 Question 20 Not yet answered Marked out of 1 P Flag question On the death of a partner, the amount due to him will be credited to: O a. His executor's account . O b. Remaining Partner's capital accounts O c. Government's revenue account O d. All Partner's Capital accounts Time left 0:43:54 Question 24 Answer saved Marked out of 1 P Flag question Which of the following is False about a partnership business? O a. Partnerships pay income taxes O b. A partnership is a voluntary association O c. Partners in general partnerships have unlimited liability O d. Partnerships have limited life

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Proli Footwear Inc An Audit And Fraud Simulation For Team-Based Student Learning

Authors: Patricia Poli, Richard Proctor

2nd Edition

0615455492, 978-0615455495

More Books

Students also viewed these Accounting questions

Question

16.3 Describe the purpose of Canadian labour laws.

Answered: 1 week ago

Question

16.6 Outline the three waysto obtain union recognition.

Answered: 1 week ago

Question

16.5 Describe the five steps in a union organizing campaign.

Answered: 1 week ago