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1. Coldwell, Inc. issued a $100,000, 4-year, 10% notes at face value to Flint Hills Bank on January 1, 2011, and received $100,000 cash. The note requires annual interest payments each December 31. Prepare Coldwell's journal entries to record
(a) The issuance of the note and
(b) The December 31 interest payment.
The Wei Corporation expects next year's net income to be $15 million. The firm's debt ratio is currently 40 %. Wei has 12 million of profitable investestment opportunites, and it wishes to maintain its existing debt ratio.
landess corporation currently has 120000 shares outstanding of 10 par value common stock. the stock was originally
davis daws and lee is a law firm specializing in real estate litigation. in addition to the three partners the firm
Presented below is information related to Ivan Calderon Corp
the united world corporation has three subsidiaries.computersmagazinescable tvsales1600000040000008000000net income
Beverly Crusher is a licensed CPA. During the first month of operations of her business (a sole proprietorship), the following events and transactions occurred.
toimi has forecast sales for the next three months as follows july 4500 units august 6000 units september 8400 units.
A hotel pays the phone company $200per month plus $.15 for each call made. During January 7,000 callswere made. In February 8,000 calls were made. Calculate the hotel's phone bills for January and February.
Depreciation is computed to the nearest month and no residual values are used.
Beverly asks for guidance regarding authoritative support. Please assist her by explaining what is meant by authoritative support.
1.when determining the proceeds received when issuing a bond the factor applied to the amount of the bond principal is
For tax purposes, the corporation has elected to take advantage of the maximum benefit for expensing organizational costs. No additional book/tax differences exist. For the year ended December 31, Year 1, Dale Corporation's taxable income was:
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