Preparing the Income Statement and Balance Sheet for a Partnership Information related to the operations of the Goldman and Jones partnership follows. Instructions In your working papers, prepare the Division of Net Income section of the income statement and the Partners Equity section of the balance sheet. 1. Goldman and Jones share profits in the ratio of 2:3. 2. Net income for the year ended December 31, 20--, was $35,000. 3. The January 1 capital balance for Goldman was $23,000. 4. The January 1 capital balance for Jones was $47,000.
Lecture 4 ● Performance = f(ability x motivation) Staffing the Organization ● Recruiting ○ How to identify qualified candidates and get these people to apply ● Assessment ○ How to evaluate candidates’knowledge, skills and abilities ● Selection ○ How to select the most qualified candidate ○ = prediction ○ Ksas of job = ksas of person ● Who are you looking for ○ Job analysis ■ Systematic study of the content of a job ● Observation ● Interviews ● Perform the job ● Critical incident ■ O*Net ● Find occupations ● Job family