Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
On June 1, 2015, the Crocus Company began construction of a new manufacturing plant. The plant was completed on October 31, 2016. Expenditures on the project were as follows ($ in millions): July 1, 2015 54 October 1, 2015 22 February 1, 2016 30 April 1, 2016 21 September 1, 2016 20 October 1, 2016 6 On July 1, 2015, Crocus obtained a $70 million construction loan with a 6% interest rate. The loan was outstanding through the end of October, 2016. The company's only other interest-bearing debt was a long-term note for $100 million with an interest rate of 8%. This note was outstanding during all of 2015 and 2016. The company's fiscal year-end is December 31. In computing the capitalized interest for 2016, Crocus' average accumulated expenditures are:
Prepare the journal entry to record the sale of these bonds on January 1, 2012 and prepare the adjusting journal entry on December 31, 2012, to record interest expense.
Bailey & Tepe, attorneys-at-law, provided legal representation to Goode Equipment Inc. in a product liability suit. Twenty parners hours and 65 associate hours were worked in defending the company. The cost of each partner hour is $325, which include..
Elton, Inc., which owes Boston Co. $900,000 in notes payable, is in financial difficulty. To eliminate the debt, Boston agrees to accept from Elton land having a fair market value of $680,000 and a recorded cost of $510,000. Compute the amount of gai..
Stanton Corp. began operations on January 1, 2016. The statement of cash flows for the first year reported dividends paid of $143,000. The balance sheet at the end of the first year reported $55,000 in dividends payable and $475,000 in ending retaine..
Ace Corporation has located a building that it would like to acquire for its office complex. Ace Corporation has contacted the owner of the property about making a trade for Ace’s existing property.
It purchased goods for $380,000 and had beginning inventory of $70,000. A count of its ending inventory determined that goods on hand was $50,000. Illustrate what was its cost of goods sold?
duty of the cost accountant in a process cost system .estimating the stage of completion of in-process units at the end of the month
The Power Department in Manufacture Inc. is the only service department. At the time the power plant was constructed, the two operating divisions, O1 and O2 estimated their demands at 60,000 units and 40,000 units respectively. Calculate the unalloca..
compute the npv irr pi the payback periods and the discounted payback periods for the following projects. assume a
Company A's expenses are mostly variable while Company B's expenses are mostly fixed, which company will be most likely to realize the greatest increase in profits when sales increase?
Given an interest rate of 6.45 percent per year, what is the value at Year 9 of a perpetual stream of $3,200 payments that begin at Year 18?
Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. It started only two jobs during March—Job P and Job Q. Job P was completed and sold by the end of the March and Job Q was incomplete at the end of the Mar..
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd