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Question - On July 16, Freedom Flight gave a 120-day note payable to Slick and Slide Co., instead of cash payment of an overdue account. The amount of the note was $75,000 at an interest rate of 14%. Prepare the journal entry and determine the maturity date for Freedom Flight to record payment of the note. Your answer should be in the form of DR - account name and dollar value CR - account name and dollar value.
What is Dianas after-tax net cash flow if she sells the stock now and what is Diana's after-tax net cash flow if she waits one month before selling the stock for $19 per share?
What is the rate of return of return on invested capital if $1000 is invested now with $500 being returned in year 4 and $1000 being returned in year 8?
In 2010 Gandoff Company purchased a coal mine for $30,000,000. Gandoff expected to be able to extract $100,000,000 worth of coal from the mine.
sams chop has budgeted the following costs for a month in which 1500 steak dinners will be produced and sold materials
Suggest one strategy you may use to structure the strategic planning session for a not-for-profit mid-sized health organization that is competing
mcfriendly software recently developed new spreadsheet software easy-calc which it intends to market by mail through
If uniformit, means eliminating alternative accounting treatments, then surely comparability of financial statements of different enterprises would be improved.
Prepare the depreciation table for Alpha's truck assuming that the company uses the straight-line method for depreciation
There were no sales from Pot to Skillet.Intra-entity sales had the same markup as sales to outsiders. Pot still had40% of the intra-entity sales as inventory at the end of 2011. What areconsolidated sales and cost of goods sold for 2011?
What do you think? Please support your opinion with additional research on the financial statement disclosure debate.
the comparative balance sheet of posner company for 2011 and the preceeding year ended december 31 2010 are 2011 2010
Mark Leamington Engineering paid $1,000,000 in a lump-sum purchase of land, Prepare the necessary journal entry to record purchase
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