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A state issued $70,000,000 of 4%, 20 year term bonds at 105 to provide financing for construction of a new state legislative office building. The premium which is to be used for debt service was transferred to the appropriate fund. Bond issue costs of $70,000 were paid directly from general fund. The bond were issued on APRIL 1 and annual interest is due each march 31.
Assume that at January 1,2012 the carrying amount of the patent on Celine Dion's books s $43,200. In January, Celine Dion spends $24,000 successfully defending a patent suit. Celine Dion still feels the patent will be useful until the end of 2019...
A company has 10 industry segments, of which the largest five account for 80% of the combined revenues of the company. What considerations are important in determining the number of segments that are separately reportable and How are the remaining..
a business issued a 45-day note 6 nore for 80000 to a creditor on account. journalize the entries to record a the
Olgas proprietorship earned a net profit of $95,000 during the year and she withdrew $70,000 of this profit. Olga must report $70,000 net income from the proprietorship on her individual income tax return.
during 2011 trish a self-employed healthcare consultant travels from los angeles to atlanta for a 1 week business trip.
There were 13,000 units in the ending work in process inventory of the Welding Department that were 60% complete with respect to conversion costs. A total of $575,360 in conversion costs were incurred in the department during the month. The cost p..
on january 2 20x7 brian rein invested 10000 in the stock market and purchased 500 shares of heartland development inc.
Discuss how the authoritative literature addresses comprehensive income. Define three classifications within net income and give an example of each.
For the year ended December 31, 2010 ,Taylor & Partridge, earned an ROI of 14%. Sales for the year were $14 million, and average asset turnover was 2.4. Average owners' equity was $2.6 million.
What are different criteria for recognizing revenue?Why are there so many revenue recognition methods?Why are the methods subjective and what are the implications on income statement quality?
Write an essay (only one page)discussing Gregoire's views. What types of structural and functional changes in organizations may be necessary to help Gregoire overcome histraditional view?
Comprehensive System Development Problem
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