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Caruba Company issued $300,000, 6%, 20-year bonds on January 1, 2012, at 103. Interest is payable semiannually on July 1 and January 1. Caruba uses straight-line amortization for bond premium or discount. Prepare the journal entries to record the following.The issuance of the bonds.The payment of interest and the premium amortization on July 1, 2012, assuming that interest was not accrued on June 30.The accrual of interest and the premium amortization on December 31, 2012.The redemption of the bonds at maturity, assuming interest for the last interest period has been paid and recorded.
Alonzo Co. acquired 60% of Beazley Corp. by paying $240,000 cash. There is no active trading market for Beazley Corp. At the time of the acquisition, the book value of Beazley's net assets was $300,000.
Projected sales for December, January, and February are $60,000, $85,000 and $95,000, respectively. The February expected cash receipts from all current and prior credit sales is ?
enterprises inc.s principal product is a hammer that carries a lifetime guarantee. cost and product data for the hammer
Prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2007. Prepare the income tax expense section of the income statement for 2007, beginning with the line "Income before income taxes."
a. determine the direct labor rate and time variances. b. How much direct labor should be debited to work inprocess.
Calculate Lezolis contribution margin per unit and contribution margin ratio and if the company's fixed costs total $6,660, determine how many clocks Lezoli must sell to break even.
what should be the noncontrolling interest expense in the consolidated financial statetemes of parminter?
green corporation issued 1000000 of 12 bonds dated january 1 2013 for 975000 plus accrued interest. the bonds mature on
Briefly explain the double taxation problem and how paying large salaries to owners avoids it.
marksbury company is recording a loss in value of its trading securities. the entry to record this change in value
Discuss in detail the requirements of incorporating the business, the advantages and disadvantages, and provide JJ with recommendations.
investor g. loeb owns a 5-year 1000 bond with a 5 coupon. if the yield to maturity on similar bonds is currently 10
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