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1. At the beginning of 2014, the Alston Corporation issued 10% bonds with a face value of $400,000. These bonds mature in five years, and interest is paid semiannually on June 30 and December 31. The bonds were sold for $370,560 to yield 12%. Alston uses a calendar-year reporting period. Using the preferable method of amortization, what amount of interest expense should be reported for 2014? (Round your answer to the nearest dollar.)
a.
$44,333
b.
$44,467
c.
$44,601
d.
$45,888
A company has the following cash flow operating (30) from investing (45) from financing 90 what stage best describes this company
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on 1114 parent co. sold machinery to its subsidiary son corp. for 160000. the machinery had a cost of 150000 and the
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On January 1, 2013, Micro Machines Corporation had 700,000 shares of $3 par value common stock issued and outstanding. During the year, the following transactions occurred: Prepare journal entries if necessary to record the above transactions.
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