Donald petersen joined his father, william petersen, in a chicken hatchery business william had previously operated as a sole proprietorship. when the partnership was formed, william contributed the assets of the proprietorship, which included cash, equipment, and inventory having a total value of $41,000. donald contributed nothing. they agreed to share the profits equally. for fifteen years donald took over the operation of the hatchery with very little from his father. when the business was terminated william contended that he was entitled to the return of his capital investment of $41,000 before donald could recover anything. donald asserted that he is entitled to one-half the value of the business. explain who is correct in his contention.

Suppose the following items were taken from the balance sheet of nike, inc. (all dollars are in millions.) 1. cash $ 2,316.7 7. inventory $ 2,245.6 2. accounts receivable 2,786.2 8. income taxes payable 80.3 3. common stock 2,841.1 9. equipment 1,783.8 4. notes payable 291.2 10. retained earnings 6,162.5 5. buildings 3,959.7 11. accounts payable 2,624.6 6. mortgage payable 1,092.3 perform each of the following. classify each of these items as an asset, liability, or stockholders’ equity, and determine the total dollar amount for each classification. (enter amounts in millions up to 1 decimal place, e.g. 45.5 million.) cash accounts receivable common stock notes payable buildings mortgage payable inventory income taxes payable equipment retained earnings accounts payable assets $ 13092 liability $ 4088.4 stockholders’ equity $ 9003.6 etextbook and media determine nike’s accounting equation by calculating the value of total assets, total liabilities, and total stockholders’ equity. (enter amounts in millions up to 1 decimal place, e.g. 45.5 million.) total assets = total liabilities + total stockholders’ equity

How do communism and socialism differ in terms of the role that government plays in the economy ?

What are the positive environmental trends seen today? many industries are taking measures to reduce the use( _gold,carbon dioxide,ozone_) of -depleting substances and are turning to(_scarce,renewable,non-recyclable_) energy sources though they may seem expensive. choose one of those 3 option to fill the