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On January 1, 2010, Crouser Company sold land to Chad Company, accepting a two year, $150,000 non interest bearing note due January 1, 2012. The fair value of the land was $123,966.90 on the date of sale. The company purchased the land for $120,000 on January 1, 2004.Required:Prepare all the journal entries on Crouser Company's books for January 1, 2010 through January 1, 2012, in regard to the Chad Company note.
Examine the accounting for investments. Be sure to distinguish between debt securities and equity securities and provide examples. Who uses derivatives and why?
in a february 10 2003 businessweek article cvss potent growth potion joseph agnese points out that the retail pharmacy
paige owns 1000 shares of grubstake mining amp development common stock. grubstake is organized as an s corporation and
Assume the company's monthly target profit is $11,000. The unit sales to attain that target profit is closest to:
on december 30 2011 roberta purchased four tickets to a charity ball sponsored by the city of san diego for the benefit
Discuss how your understanding of the balance sheet and income statement may be applied to your current or future position.
lagerfield company reported the following results from the sale of 4220 hammers in may sales 198340 variable costs
Which of the following is an advantage of corporations relative to partnerships and sole proprietorships?
true or false1. the cost method of accounting for the purchase amp sale of treasury stock is a commonly used method.2.
a company issued 10-year 9 bonds with a par value of 500000 when the market rate was 9.5. the issuer received 484087 in
on july 1 gyminny delivery services a acquired a new truck with a list price fair market value of 191000. gyminny
Presented below are 3 unrelated situations involving equity securities: What is the effect upon carrying value and earnings for each of the situations above?
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