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On april 1, 2010, west co. purchased $160,000 if 6% bonds for $166,300 plus accrue interest on available for sale security. interest is paid on july 1 and january 1 and the bonds mature on july 1, 2015.
a. Prepare the journal entry on april 1, 2010.
b. The bonds are sold on november 1, 2011 at 13 plus accrued interest. amortization was recorded when interest was received by the straight-line method. prepare all entries required to properly record the sale.
(a) Determine corrected net incomes for 2009, 2010, and 2011. (b) Give the entry to bring the books of the company up to date in 2012, assuming that the books have been closed for 2011.
You have been asked to speak on the topic of the impact of organizational culture on decision making to a group of executives. In a five to seven paragraph speech, discuss the following.
Please prepare solutions to the following questions concerning topics covered in the first half of the course
Prepare the journal entry (or entries) for the issuance of the bonds and warrants for the cash consideration received.
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A company's flexible budget for 48,000 units of production showed variable overhead costs of $72,000 and fixed overhead costs of $64,000. The company incurred overhead costs of $122,800 while operating at a volume of 40,000 units. The total contro..
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