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Harvard research issues bonds dated January 1, 2009, that pay interest semiannually on June 30 and December 31. The bonds have $45,000 par value, and an annual contract rate of 6%, and mature in 6 years.
For each of the following 3 seperate situations, (a) determine the bonds' issue price on January 1, 2009, and (b) prepare the journal entry to record their issuance.1. Market rate at the date of Issuance is 4%2. Market rate at the date of issuance is 6%3 Market rate at the date of issuance is 8%
Torrie Company borrowed $50,000 on January 2, 2007. This amount plus accrued interest of 5% compounded annually will be repaid at the end of 3 years. What amount will Torrie repay at the end of the third year?
consider the following two separate firms. one firm manufactures flexible packaging films for the snack bakery
Leister Auto Supply does not segregate sales and sales taxes at the time of sale. The register total for March 16 is $15,540. All sales are subject to a 5% sales tax. Compute sales taxes payable, and make the entry to record sales taxes payable an..
describe the purpose of each financial statement. determine which one 1 is the most effective in communicating the
The large trucks are expected to cost 600,000 and to have a four year useful life and a 60,000 salvage value. Calculate the present value index for each alternative.
the stockholders equity section of martino inc. at the beginning of the current year appears below.common stock 10 par
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If your new strip mall will have 15,000 square feetof retail space available to be leased, to which businesses should you lease and why?
a-one hvac started selling annual maintenance agreements for 100 in january. this entitles the customer to two
Why is resistance to change frequently demonised as a problem that must be managed'' what are the ethical implication of this and how else can resistance be understood''
larson construction inc. has consistently used the percentage-of-completion method of recognizing income. during 2004
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