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Which FAS 157 disclosures are required for tests of impairment of goodwill and indefinite-lived assets? What disclosures are required if an impairment is recognized?
Will the bonds be issued at a discount or a premium? Explain how much cash will Greece receive for the issuance, assuming semi-annual interest payments?
question walter and company has produced the following detailed aging of outstanding accounts receivable as at december
Fiore reported net income of $400 in 2009 and paid dividends of $100. Assume the initial value method is applied. How much will Kaye’s income increase or decrease as a result of Fiore’s operations?
Evaluate Earnings per Share for the year ended 31 st December, 2012 and Determine Earnings Per Share for 2012.
The following responses, A-E, were received from a positive confirmation effort for balance sheet dated December 31, 2013, related to accounts receivable. We cannot answer your request for confirmation; we use an accounts payable voucher system and c..
The Roadside Inn borrowed $100,000 for two years at an annual interest rate of 10% from a bank that required a $20,000 compensating balance. What was the effective interest rate for the loan?
2010 was originally estimated to have a life of 8 years with a salvage value of $4,000 at the end of that time. Depreciation has been entered for 5 years on this basis. In 2015, it is determined that the total est. - mated life should be 10 years wit..
Fairbanks Memorial Hospital, an acute care hospital with 300 beds and 160 staff physicians, is one of 75 hospitals owned and operated by Health Services of America, a for-profit, publicly owned company. Although there are two other acute care hospita..
Kirkland Company manufactures a part for use in its production of hats. When 10,000 items are produced, the costs per unit are: Direct materials $0.60 direct manufacturing labor 3.00 Variable manufacturing overhead 1.20 Fixed manufacturing overhead 1..
A company paid $500,000 for 12% bonds with a par value of $500,000. The bonds pay 6% interest semiannually on September 1 and March. Prepare the general journal entry to record the first interest payment on June 30, 2009.
At December 31, 2010, Cali Corporation has 2,000 shares of $100 par value, 8%, preferred stock outstanding and 100,000 shares of $10 par value common stock issued. Cali's net income for the year is $241,000.
10th Generation Electronics had two transformers in its inventory, one purchased in February for $11,800 and the other acquired in September for $13,300. In December, they sold one of the transformers to Ram Enterprises for $16,400 and reported a gro..
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