NOT IN USE - Custom ACCT3102 Intermediate II (University of Central Missouri)

by Hamlen

ISBN: 0000000000 | Copyright 2023

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Advanced Accounting, 5e (pg. 1.696)
Chapter 14: Partnership Accounting and Reporting (pg. 1.696)
Suburban Propane Partners, L.P. (pg. 1.696)
Introduction (pg. 1.697)
Characteristics of a Partnership (pg. 1.697)
Relations of Partners to Others (pg. 1.698)
Relations Among Partners (pg. 1.698)
Partners’ Property Rights (pg. 1.699)
Contractual Provisions: The Partnership Agreement (pg. 1.699)
Partnership Tax Status (pg. 1.699)
Limited Partnerships (pg. 1.699)
Comparison of Corporate and Partnership Forms of Organization (pg. 1.701)
Partnership Reporting Issues (pg. 1.701)
Formation of the Partnership (pg. 1.703)
Bonus and Goodwill Approaches (pg. 1.703)
Review -1 Formation of a Partnership (pg. 1.704)
Allocation of Partnership Income to PartnerS (pg. 1.705)
Salaries to Partners (pg. 1.705)
Bonus to Partners (pg. 1.706)
Interest on Partners’ Capital Accounts (pg. 1.706)
Percentage Allocation by Income-Sharing Ratio (pg. 1.706)
Comprehensive Illustration of Partnership Income Allocation (pg. 1.707)
Schedule of Changes in Capital Accounts (pg. 1.707)
Review -2 Income Allocation (pg. 1.708)
Admission of a New Partner (pg. 1.708)
Admission by Purchase of an Existing Partnership Interest (pg. 1.709)
Admission by Investment of New Capital (pg. 1.710)
Effects of Bonus and Goodwill Methods on Partners’ Capital (pg. 1.713)
Evaluation of Bonus and Goodwill Methods (pg. 1.714)
Retirement of a Partner (pg. 1.714)
Purchase with Personal Assets (pg. 1.714)
Purchase with Partnership Assets (pg. 1.715)
Review -3 Retirement of a Partner and Admission of a New Partner (pg. 1.717)
Partnership Liquidations (pg. 1.717)
Priorities for Payments (pg. 1.717)
Rights of Creditors (pg. 1.718)
Simple Versus Installment Liquidations (pg. 1.719)
Simple Liquidations (pg. 1.719)
Installment Liquidations (pg. 1.721)
Review -4 Termination of the Partnership (pg. 1.730)
Review of Key Concepts (pg. 1.730)
Multiple Choice Questions (pg. 1.731)
CPA Exam Questions (pg. 1.733)
Data Analytics, Data Visualization, and Excel Activities (pg. 1.734)
Exercises (pg. 1.734)
Problems (pg. 1.739)
CPA Simulations and Practice Exams (pg. 1.749)
Review Solutions (pg. 1.750)
Susan S. Hamlen

Susan S. Hamlen

Susan S. Hamlen is the former Department Chair and Associate Professor of Accounting at the University at Buffalo School of Management. She received her PhD and MS at Purdue University and her BS at the University of California, Berkeley.

Professor Hamlen is the author of Advanced Accounting 4e and previously co-authored 12 editions of advanced accounting texts. She has taught courses in advanced accounting for over twenty-four years and courses in financial accounting for over nine years, at the undegraduate and graduate levels.

Professor Hamlen's research interests are in the area of reporting for financial derivatives and international reporting. She has publications in Journal of Derivatives Accounting, Theoretical Economics Letters, and in other accounting and analysis journals.

Professor Hamlen is an active member of the American Accounting Association and other accounting, analysis, and business organizations.


Advanced Accounting, 5e (Hamlen)
Errata
Last Updated: Mar 6 2023

Corrections to identified errors in the first printing. 

Excel Templates
Last Updated: Jun 14 2023

Excel spreadsheets for select assignments are provided on the book’s website. These spreadsheets will save time in data entry and allow students to dedicate additional time to learning the material. The Excel spreadsheets are identified by the Excel icon.

Additional Gleim Exam Prep Resources
Last Updated: Jan 29 2024

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