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On July 1, 2009 a corporation issued $800,000 of 9%, 8 yearbonds to yield 10%. Interest is paid semiannually on December 31and June 30, and the company uses the straight line method toamortize premium or discounts.
Prepare the journal entry to issue the bonds on July 1, 2008and prepare the journal entry to record the first interest payment and the amortization of the discount on December 31, 2008.
Estimate the manufacturing costs if Robert's produces 100,000 widgits in January. Estimate the manufacturing costs if Robert's produces 120,000 widgits in February.
Assume that the brand manager forecasts upcoming sales of SUSI to be 150,000 units, and that there are 35,000 units of SUSI in inventory
dime a dozen diamonds makes synthetic diamonds by treating carbon. each diamond can be sold for 140.00 the materials
consider a supplier of agricultural equipment who is deciding how much of two products should be produced by his firm.
a company is considering purchasing an asset for 50000 that would have a useful life of 5 years and would have a
Analysis of the assets and liabilities of Marie Corp. on December 31, 2002, disclosed assets with a tax basis of $1,000,000 and a book basis of $1,300,000. There was no difference in the liability basis. The difference in asset basis arose from te..
Evaluate and discuss how the under billings should have been accounted for in the original financial statements.Should the under billings be treated as gain contingencies? Explain your position.
Assume you are reviewing a company's annual report. In addition to actual revenues reported in the income statement, what other information disclosed would give you help in estimating this company's future revenues?
in eight years kent duncan will retire. he is exploring the possibility of opening a self-service car wash. the car
Waterfalls Corporation purchased a one-year insurance policy in January 2009 for $60,000. The insurance policy is in effect from March 2009 through February 2010. If the company neglects to make the proper year-end adjustment for the expired insur..
from the e-activity discuss the impact of adopting ifrs reporting on equity-based accounting for financial reporting
Your rich godfather has offered you a choice of one of the three following alternatives: $10,000 now; $2,000 a year for eight years; of $24,000 at the end of eight years. Assuming you could earn 11 percent annually, which alternative should you ch..
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