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On December 31, IOU Corporation issued $100,000 of 10-year bonds at 98. The bonds pay interest annually on December 31. These bonds sold at 98 because____?
A. The stated interest rate was higher than the market rate of interest
B. the stated interest rate was lower than the market rate of interest
C. the bond was issued six months after year end
D. this is an installment note
XYZ ltd bought an item of plant at a cost of sh. 5,000,000. Depreciation is charged on straight line with an estimated useful life of 10yrs. After 3 years of use, it is estimated that the asset will be used for a further 5 years only.
define the receiables and what is the net income. is there a way to get a reference to go by to know how to answer the
Lebo made two errors: 2011 ending inventory was overstated by $3,340 and (2) 2012 ending inventory was understated $6,290 - compute the correct cost of goods sold for each year
planning a fund-raising dinner original plan new deluxe event plan tickets that must be sold for the more deluxe event
Journalize the transactions and the adjusting entries and the double-declining-balance method of depreciation is used.
Which method provides the most useful information to users? Under what circumstances would the other methods provide more useful information?
preparenbsp a cash receipts and payments schedule based on the details furnished.carter company has projected sales and
Three different companies each purchased a mcahine on January 1, 2012 for 54,000. Each machine was expected to last five years or 200,000 hours, salvage walue was esitmated to be 4,000. which company will report highest amount of net income for 2..
flexible budgeted income statement using variable costing.downes consolidated industries international uses a standard
The Zoe Corporation has the following information for the month of March. Prepare a (a) schedule of cost of goods manufactured, (b) an income statement for the month ended March 31, and (c) prepare only the inventory section of the balance sheet.
Calculate the payroll for the end of February. Include in your calculations federal withholding, FICA, and FUTA. Assume that Jones Company received the maximum credit for state unemployment taxes.
at december 31 2007 western trading co. owned the following investments in the capital stock of publicly owned
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