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Journ Co. purchased short term investments in available for sale securities at a cost of $ 50,000 on November 25, 2013. At December 31, 2013, these securities had a fair value of $ 47,000. This is the first and only time the company has purchased such securities.
1. Prepare the December 31, 2013, year end adjusting entry for the securities portfolio. 2. For each account in the entry for part 1, explain how it is reported in financial statements. 3. Prepare the April 6, 2014, entry when Journ sells one half of these securities for $26,000.
if the debt-to-total-asset ratio is 40%, what is the return on equity?
a capital budgeting project has a net present value of 10000 and a modified internal rate of return of 13. the projects
bridgette is known as the doll lady. she started collecting dolls as a child always received one or more dolls as gifts
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an open-pit mine must fund an account now to pay for maintenance of a tailing pond in perpetuity after the shuts down
1.nbsp the current price of a bond is 114.72 and the current yield is 6.00. the modified duration of the bond is 7.02.
the standard direct labor cost for producing one unit of product is 6 direct labor hours at a standard rate of pay of
Given the machinery account for 5 years writing off depreciation at 10% on the wrriten down value.
What is Williams Company's 2009 balance sheet for C-Company investments?
Provide journal entries for each transaction. Provide adjusting entries at the end of the year. Prepare and income statement at the end of the year.
on january 1 2012 jackson company purchased factory equipment priced at 55000. sales tax was an additional 6 and the
a new manufacturing machine is expected to cost 286000 have an eight-year life and a 30000 salvage value. the machine
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