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Company issued $5 million, 25 year bonds at $5,500,000, on Jan 1, 2012. The interest rate or the coupon rate is 8% and interest is paid on 12/31 of every year. Company uses straight line amortization. Do the entries to record the following:
1.Issue of the bonds on 1/1/2012 2.Interest payment on 12/31/2012 3.What is the carrying value or book value of the bonds after the first interest payment
williams company acquired machinery on july 1 2009 at a cost of 130000. the estimated useful life of the machinery was
to what extent is the strongweak equity market distinction a useful way to identify different patterns of accounting
to be classified as an equity method security the investor must typically own at least a certain percentage of the
shamrock company had net income of 34000. on january 1 there were 8400 shares of common stock outstanding. on april 1
The following information is given for Alpha and Beta Divisions of Fraternity Corporation. If Fraternity Corporation uses ROI to evaluate division managers, and uses historical cost as the investment base, compute the ROI for Alpha and Beta.
Compute the net present value of each project - which project should be adopted based on the net present value approach?
discuss the primary reason for the restatement and the impact to the financial results for the company you selected.
the maintenance departments costs are allocated to other departments based on the number of hours of maintenance use by
determine whether the following items in india imports bank reconciliation require adjusting or correcting entries on
Which of the following statements best defines the transactional approach?
pollachek co. purchased land as a factory site for 508500. the process of tearing down two old buildings on the site
The accounting for bond premiums is not the mirror image of that for bond discounts.
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