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On January 1, 2010, Carla Industries issued 10% bonds dated January 1, 2010, which has a face amount of 25 million. The bonds mature in 2020. The market rate of interest 12%. The interest is paid on June 30 and December 31. Requirements: 1. Determine the price of the bonds at January 1, 2010
2. Prepare the journal entry to record the issuance by Carla Industries on Jan 1, 2010
3. Prepare both of the journal entries to record interest on June 30 and December 31.
The corporation, Joe's Discount Furniture, recorded sales for the month of May, 2001 amounting to $200,000. Sixty percent(60%) of these sales were on account. As a result of this transaction, how will the following accounts be impacted?
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Which inventory costing method assigns the cost of the most recent items purchased to the ending inventory balance?
Prepare journal entries to account for the transactions and information described in Exhibits 1-2 and 1-3 and prepare a revised statement of financial position after the journal entries prepared in Required 1 have been recorded.
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How much income must Sue report if she selects the lump sum settlement. How much income must Sue report if she choose the annuity
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