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On July 1, 2001, the Romero Corp. issued $400,000, 10 percent bonds for $430,924. Interest is payable on January 1 and July 1; the bond matures in 2006. The market rate for this type of bond is 8 percent. Prepare the journal entries to record the sale of the bonds, any adjusting entries, and the payment of the interest through December 31, 2003, using the effective interest method. Prepare the journal entries using the straight-line method
a salesperson from a different computer company claims that his machine which costs 85000 and has an estimated service
Mary Houser has $1,200 overdue debt for medical books and supplies at Ken's Bookstore. She has only $400 in her checking account and doesn't want her parents to know about the debt. Ken's tells her that she may settle the account in one of two way..
hitech products manufactures three types of remote-control devices economy standard and deluxe. the company which uses
space coast city issued the following during the year ended september 30 2010 1 200000 in bonds for the installation of
for several years a number of food lion inc. grocery stores were unprofitable. the company closed and continues to
bullidentify when to exclude an item from gross incomebullidentify when receipts can be excluded under the tax-benefit
davidian enterprises had the following data pertaining to its health care beneift plan for the current calendar year
on july 1 five corners wholesalers had a cash balance of 145000 and accounts payable of 77000. actual sales for may and
1.as part of the initial investment a partner contributes equipment that had a cost of 50000 and accumulated
The marketing manager believes that a $12,000 increase in the monthly advertising budget would result in a 160 unit increase in monthly sales. What should be the overall effect on the company's monthly net operating income of this change?
Discuss one measure of performance of a company and indicate what the significance of a lower or higher level of such measure is. Compare it next to a second measure and explain the significance of the second measure.
sarah contributes 25000 to a church. sarahs marginal tax rate is 35 while her average tax rate is 25 after considering
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