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Grocery Corporation received $300,328 for $250,000, 11% bonds issued on January 1, 2009, at a market interest rate of 8%. The bonds stated that the interest would be paid each December 31 and that they mature on December 31, 2018.
1) Prepare the journal entry to record the bond issuance.2) Prepare the journal entry to record the interest payment on December 31, 2009.
Assume cash paid to suppliers for the current year is $350,000, merchandise inventory increased by $5,000 during the year, and accounts payable decreased by $10,000 during the year. What was the cost of goods sold for the current year?
Prepare an income statement and balance sheet for each fiscal year - Basic transactions for three accounting cycles: perpetual system
the accounting equation is used to develop the organizations financial reports.describe what liabilities value would be
Nessumsar compay develops educational materials. It has a cost of debt after taxes of 6.8% and a cost of equity of 10.9%. The company finances with 45% debt. Calculate its cost of capital.
the coca-cola company hardly needs an introduction. a line taken from the cover of a recent annual report says it all
In determining the adequacy of the allowance for uncollectible accounts, the least valuable evidence would be obtained from
flynn industries has three activity cost pools and two products. it expects to produce 3980 units of product bc113 and
Data related to the acquisition of timber rights and intangible assets during the current year ended December 31 are as follows:
a sporting goods store purchased 7000 of ski boots in october. the store had 3000 of ski boots in inventory at the
Prepare the operating activities section of the statement of cash flows using the indirect method.
padong remanufacturing rebuilds spot welders for manufacturers. the following budgeted cost data for 2008 is available
From the e-Activity, identify a local medium-sized service business in your community. Evaluate how you would implement a performance-focused ABC system in the company as described in the e-Activity.
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