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Not sure on how to calculate and record. On Feb. 28,2012 Ace Company sold 8,000,000, 9%, 10yr bonds to purchase a new production machine. Bonds of similar risk and length have a current market rate of 8%. Can you answer the following questions & show how you got it please. Thanks so much for your help 1.Record the journal entry to sell the bonds and purchase the equipment 2.Record the first semi-annual interest payment. 3.Show how the bond would appear on the Dec 31, 2011 B.S.
valley corporation purchased a new piece of equipment on june 1 2011. the cost of this machine was 325000. the company
Problem 6-1 FC transactions, commitments, forcasted transactions earnings impact. Jarvis Corporation transacts business with a number of foreign vendors and customers. These transactions are denominated in FC, and the company uses a number of h..
leno co. prepares monthly financial statements from a worksheet. selected portions of the january worksheet showed the
They spent $15,000 in connection with the adoption, all of which was paid by the employer in accordance with the adoption plan. How much of the employer paid adoption costs must be included in their income?
the total liabilities of hogans company on the balance sheet are 270000 this amount is equal to three-fourths of the
state and defend legal and ethical internet issues and academic integrity. ltbrgtdiscuss at least 2 specific examples
While testing the inventory counts, the auditors noticed that several high dollar items had counts on the inventory listing which were materially higher than the actual counts. The difference between the actual and recorded inventory value was $66..
Provide the fund level entries in general journal form required to conform to generally accepted accounting principles. If no entry is needed, so indicate.
cbs companys manufacturing accounting system uses direct labor costs to apply overhead to goods in process and finished
Kelly Malone plans to have $50 withheld from her monthly paycheck and deposited in a savings account that earns 12% annually, compounded monthly. If Malone continues with her plan for two and one-half years.
when the return on investment for each division of a corporation is greater than what the return would be if each
The reclassification of trading securities as available-for-sale would produce the following effect:
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