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Chapter 1: Partnership Formation
- Exam (elaborations) • 49 pages • 2024
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On January 1, 2015, Ernie and Bert both sole proprietors decided to form a 
partnership to expand both of their businesses. According to their agreement, they 
will split profits and losses 75:25 and their initial capital will also reflect that ratio. 
The following are Ernie and Bert’s Statement of Financial Position: 
Ernie Proprietor 
Statement of Financial Position 
December 31, 2014 
ASSETS LIABILITIES AND EQUITY 
Cash 50,000 Accounts payable 
65,000 
Accounts Receivable 100,000 Accrued...
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Class notes Introduction To Business Principles of Accounting Volume 1 - Financial Accounting
- Class notes • 3 pages • 2023
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Detailed notes on Chapter 6 of the Principles of Accounting Textbook.
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Class notes Introduction To Business Principles of Accounting Volume 1 - Financial Accounting
- Class notes • 4 pages • 2023
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Detailed Notes on Chapter 5 of the Principles of Accounting Textbook.
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Class notes Introduction To Business Principles of Accounting Volume 1 - Financial Accounting
- Class notes • 6 pages • 2023
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Detailed notes on Chapter 4 of the Principles of Accounting Textbook.
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Class notes Introduction To Business Principles of Accounting Volume 1 - Financial Accounting
- Class notes • 1 pages • 2023
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Detailed notes on Chapter 3 of Principles of accounting.
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Class notes Introduction To Business Principles of Accounting Volume 1 - Financial Accounting
- Class notes • 5 pages • 2023
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Detailed notes of chapter 2 from the business textbook, Principles of Accounting. Includes formulas and examples outlined in different colors for ease of finding them when skimming through the notes.
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Class notes Introduction To Business Principles of Accounting Volume 1 - Financial Accounting
- Class notes • 3 pages • 2023
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Study notes from the first chapter of Principles of Accounting. In-depth and detailed.
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216 Final Exam.docx.pdf
- Exam (elaborations) • 29 pages • 2022
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216 Final E 
 
216 Final E 
 
216 Final E
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Chapter 1 Introduction to Financial Accounting (pp. 1-41)
- Class notes • 41 pages • 2022
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Chapter 1 Introduction to Financial Accounting (pp. 1-41)
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FAC1602 financial reporting
- Class notes • 190 pages • 2022
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FAC1602 financial reporting FAC1602 financial reporting 
FAC1602 financial reporting FAC1602 financial reporting 
FAC1602 financial reporting FAC1602 financial reporting 
FAC1602 financial reporting FAC1602 financial reporting
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