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Eder Fabrication borrowed $55 million and issued a nine-month, 13% promissory note. Interest was payable at maturity. Prepare the journal entry for the issuance of the note and the appropriate adjusting entry for the note at December 31, the end of the reporting period. Record the issuance of the note and record the issuance of the interest note.
an auto plant that costs 220 million to build can produce a line of flexfuel cars that will produce cash flows with a
Which type of business organization will meet Desean's needs best and why? Discuss possible issues and/or limitations Desean may encounter as a result of choosing this business organization compared with others.
kerry corp purchased a used bottling machine from bobs bottling inc. on jan 1 2012 for 2100000. bob accounted for the
What gain or loss is recognized by the corporation when it issues its shares to Kyle? What is the basis to the corporation of the property it received from Kyle?
Prepare the business Income Statement for the period. Prepare the business Statement of Changes in Equity for the period, Prepare afully classified Balance Sheet at the end of the period.
Which one of the following varies between the equity, initial value and partial equity methods of accounting for an investment in a subsidiary?
What specific labour and overhead costs would be incurred, both before and after the split off point? Again, be specific here in terms of what you think would need to be incurred.
Is Cost-Volume-Profit Analysis still relevant in the 21st Century business organization? Support your answer with reasoned arguments and references as appropriate.
Evaluate the inventory turnover ratio for 2010 by using the LIFO and FIFO cost-flow assumption methods.
Jose wants to cash in his winning lottery ticket. He can either receive five, $5,000 semiannual payments starting today, or he can receive a lump-sum payment now based on a 6% annual interest rate. What would be the lump-sum payment?
The company closes its accounts and prepares financial statements at the end of each month.
All of the following statements regarding the sale of subsidiary shares are true except which of the following?
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