1. Smith contributed 15000 cash while J west contributed 20000 cash and office equipment costing 14000 currently valued at 12000 to a new partnership. The journal entry to record the partnership investments of smith and west is?
2. Using historical risk premiums over the 1980-2008 perioda as your guide, what would be your estimate of the expected annual HPR on the sensex portfolio if the current risk-free interest rate is 6%?