Why are the terms of the articles of partnership important


1. Why are the terms of the articles of partnership important to partners?

2. Discount cash received as an annuity with the market rate.

3. Pascagoula Importers (PI) has an asset with a historical cost of $300,000 and accumulated depreciation of $130,000. Therefore its book value is:

4. Wait and See Company paid a dividend of $0.50 per share on September 23, 2016. What is the journal entry for this?

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Financial Accounting: Why are the terms of the articles of partnership important
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