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The balance sheet for marin co include 7.5% bonds payable due december 31, 2018 for $1,600,000. Unamortized discount on bonds payable for $64,000. The bonds were issued on dec 31, 2008 at 95 with interest payable on june 30 and december 31( straight line). On january 1 2011 marin retire $640,000 of these bonds at 101. what are the journal entry to record the retirement?
Provide examples of resources that are temporarily restricted as to: (a) purpose; (b) time; and (c) the occurrence of a specific event. Provide an example of permanently restricted resources.
Required-What unit values should Herman use for each of its products when applying the LCM rule to ending inventory?
Discuss the potential risks of adopting lean production. Does its application depend on company culture and business condition?
Write a memo to your partner covering all of the following: Write a description of the difference between product and period costs and examples of each. Explain how the financial results of a business would be reported differently if costs were not..
Silva Corporation reported net sales of $240,000, $420,000, and $540,000 in the years 2007, 2008, and 2009 respectively. If 2007 is the base year, what is the trend percentage for 2009?
McKinney Corporation had beginning retained earnings of $2,292,000 and ending retained earnings of $2,499,000. During the year they issued common stock totaling $141,000. What was their net income for the year?
What are the advantages and disadvantages of the US GAAP bright line approach versus the IFRS conceptual approach in determining the classification of a lease?
The PDQ Partnership earned ordinary income of $150,000 in 2012. The partnership has three equal partners, Pete, Donald, and Quint. Quint who is single, uses the standard deduction, and has other income of $15,000 (not connected with the partnershi..
What adjusting entry should Fortune make to account for the work performed from October 1 through December 31, 2009?
Prepare the company's cash budget for June in good form. Make sure to indicate what borrowing, if any, would be needed to attain the desired ending cash balance.
On July 1, 2009, Cheryl pays the entire real estate tax of $5,475 for the year ending December 31, 2009. a. How much of the property taxes may Phil deduct?
Use the high-low method to estimate Ginburg's monthly fixed supervision cost and the cost per labor hour (i.e. assume Ginsburg uses machine hours as its measure of activity).
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