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Alberto Comapy issues 8%, 10-year semi-annual bonds with a par value of $350,000. On the issue date, the annual market rate for these bonds is 10%, which implies a selling price of 87½. The straight-line method is used to allocate interest expense. 1.What are the issuer's cash proceeds from issuance of these bonds?
What type of costing method is used by Crystal Glass? Does the method comply with GAAP? If not, what costing method should be used? What would net income be? Could the statements be misleading to the bank? Why or why not?
joiner company issued bonds with a 100000 face value on january 1 2013. the five-year term bonds were issued at 97 and
in april of the current year steelman press company transferred ken sherm from its factory in louisiana to its plant in
prepare a 700- to 1050-word paper comparing and contrasting current and noncurrent assets. in your paper address the
assume that on september 1 office depot had an inventory that included a variety of calculators. the company uses a
Tonya is a cash basis taxpayer. In 2010, she paid state income taxes of $5,000. In early 2011, she filed her 2010 state income tax return and recieved a $500 refund.
el tapitio purchased restaurant furniture on september 1 2012 for 36400. residual value at the end of an estimated
your pal comments i just ignore the income statement when im making an investment decision. all i care about is the
What amount of interest income can Beth exclude in 2011
here is information for toyama co. that produces and sells a customized machine for health clubs. the company received
Blue Corporation, a cash basis taxpayer, has taxable income of $700,000 for the current year. Blue elected $80,000 of § 179 expense. It also had a related party loss of $30,000 and a realized (not recognized) gain from an involuntary conversion of..
Describe how software companies like PeopleSoft treat software development costs differently from the typical GAAP treatment of research and development costs in other industries. Why is this the case?
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