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On July 1, 2004, Risen Co. issued 500 of its 10%, $1,000 bonds at 99 plus accrued interest. The bonds are dated April 1, 2004 and mature on April 1, 2014. Interest is payable semiannually on April 1 and October 1. What amount did Risen receive from the bond issuance?
a. $507,500
b. $500,000
c. $495,000
d. $482,500
CPAs attest to management assertions by reference to pre-established criteria. What criteria are used to judge the fairness of financial statements during a financial statement audit? Why is it important that the attest function references specifi..
What is the amount of the loss on impairment that Beehive should recognize at June 30, 2006?
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Variable manufacturing overhead is applied to products on the basis of standard direct labor-hours. If the direct labor efficiency variance is unfavorable.
Assuming that the spot rate in 90 days is $.71, what is the net amount paid, assuming FAB wishes to minimize its cost?
Teddy's Supplies' CEO has asked you to advise him on the facts of the case and your opinion of their potential liability. He wants to settle the case. Write a memo to him that states your view of whether the company is exposed to liability on all ..
Many cafes are putting sensors on the bottom of cups to help alert the wait staff that a customer needs a refill. Would you introduce this technology to the cafe? If so, are there any concerns with using this type of technology?
At the end of 2011, the costs to date were $6,325,000 and the estimated total costs to complete had not changed. The progress billings during 2011 were $3,000,000 and the cash collected during 2011 was $2,000,000. Eilert uses the percentage-of-co..
What is the cash realizable value of the accounts receivable before the write-off? What is the cash realizable value of the accounts receivable after the write-off?
Compute the cumulative effect of the change in accounting principle from weighted-average to FIFO inventory pricing.
What is the asset represented by share of capital stock that have not yet been issued?
The assets were so specialized that there was not an objective basis to determine a fair value. In cases like this, the FASB suggest that company record the asset at:
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