Ch14_e03 - Plan A -partners failes to agree on a method of...

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Fundamental Accounting Principles Student Name: Eleventh Canadian Edition, by Larson, Jensen, and Carroll Class: SPATS Exercise14-3 Press F5, enter a cell reference, and click on <OK> to go to one of the following data entry areas: REPORT REFERENCEPRINT AREA Schedules M1 L4:Q50 Given Data T1
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REPORT REFERENCE Given Data T1 0 0 SPATS Exercise14-3 Newton and Scampi Inc./Loss Sharing Plan Calculations Newton Scampi Total Plan A Plan B Plan C
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Given Data: Newton and Scampi Alternative Plans to Share Net Incomes and Losses
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Unformatted text preview: Plan A -partners failes to agree on a method of sharing profits Plan B - in the ratio of initial investment Newton - initial investment $52,000 Scampi - initial investment $78,000 Plan C - salary to Newton and Scampi, interest on their initial investments, balance equally Proposed salary to Newton $85,000 Proposed salary to Scampi $65,000 Proposed interest rate 10% Recorded income: $180,000...
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Ch14_e03 - Plan A -partners failes to agree on a method of...

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