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Gatlin Company issued $300,000, 8%, 15-year bonds on December 31, 2011, for $288,000. Interest is payable annually on December 31. Gatlin uses the straight-line method to amortize bond premium or discount.Prepare the journal entries to record the following events.
On May 1, 2010, a company purchased a new machine which it does not have to pay for until May 1, 2012. The total payment on May 1, 2012 will include both principal and interest. Assuming interest at 10% rate, the cost of the machine would be the t..
alberta gauge company ltd. a small manufacturing company in calgary alberta manufactures three types of electrical
1. at the end of the current year kennedy co. has a defined benefit obligation of pound335000 and pension plan assets
you are the manager of a payroll system. your company is going to replace the legacy payroll system with a more robust
1. what are some common legal entities used for operating a business? what types of business entities does the u.s. tax
When the auditor is unable to obtain sufficient, competent evidence concerning the beginning inventory, which is material, the report is modified by adding an explanatory paragraph prior to the opinion paragraph and appropriate modification to the..
pit bull enterprises has numerous investments in debt and equity securities. the comptroller christina wecker is
What is your estimate for 2008 sales($)? What is your estimate of 2008 profits after tax? What is the percentage increase in 2008 profits after tax vs 2007 profit after tax of $110 Million?
Phil and Linda are 25 year-old newlyweds and file a joint tax return. Linda is covered by a retirement plan at work, but Phil is not.
compute: (a) the total variable cost; (b) the total fixed cost; (c) the total cost; (d) the average variable cost per unit; (e) the average fixed cost per unit; and (f) the average total cost per unit. Assume that this activity level is within the..
On January 2, 2007, Prebish Corporation issued $1,500,000 of 10% bonds at 97 due December 31, 2016. Legal and other costs of $24,000 were incurred in connection with the issue.
what is the product unit cost for job 14 which consists of 300 units and has total manufacturing costs of direct
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