Analyze nestle csr initiative plan focuses on society issues
This is a CSR project, and choose to nestle as our company Note: Please give answer on mentioned words (must add intext citation) and required
Prepare journal entries to record formation of partnership
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Assignment ID: FG132921023
Problem – ABC, DEF, and GHI decided to form a partnership. They are to engage in the business of selling computers and related gadgets. ABC contributed cash of P700,000. DEF contributed a house and lot, which he inherited from his grandmother three years ago. At the time of the inheritance, the property was valued at P1,575,000 for transfer tax purposes. A week before the partnership was formed, several buyers indicated their intention to buy the property for P2,187,500. GHI, being a computer science graduate, is to contribute his skills and knowledge to the partnership. They agreed that GHI is to be given a 20% share in the partnership profits. Prepare journal entries to record the formation of the partnership.
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