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How do you determine the unamoritized amount in the following problem: On January 1 of Year 1, Drum Line Airways issued $2,700,000 of par value bonds for $2,470,000. The bonds pay interest semiannually on Jan 1 and July 1. The contract rate is 7% while the market rate of interest for similar bonds is 8%. The bond premium or discount is being amortizzed at a rate of $7,667 every six months. The company's Dec. 31, Year 1 balance sheet should reflect total liabilities associated with the bond issuein the amount of?
Additional question - how do you determine the Unamortized amount in this problem?
What is the amount transferred from the retained earnings account to paid-in capital accounts as a result of the stock dividend?
regall flair enterprises has two product line jewelry and womens apparel. cost and revenue data for each product line
Peter Johnson invests $21,310.08 now for a series of $3,000 annual returns beginning one year from now. Peter will earn 10% on the initial investment. How many annual payments will Peter receive?
After closing all expense and revenue accounts at the end of the year, Income Summary has a credit balance of $90,000, that Sharp and Townson have agreed to split on a 2:1 basis, respectively. (a) Journalize the entries to close the income summar..
identify the concepts of costs variable step-variable fixed step-fixed semivariable or mixed and curvilinear in your
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Compare and contrast the accounting reporting criteria-including regulatory environment, issues with foreign currency, differences in GAAP, and any others-of a U.S. company with a foreign company.
bradley company has forecasted sales for the month of march for its single product to be 10000 in its columbus region
arun company has had poor operating results for the past two years. as the accountant for arun company you have the
Prepare a document flowchart using a system tool, to document the acquisition/payment system that currently exists at Emporium Trading Company.
assess the short- and long-term impact the disaster had to the business and stakeholders. Provide specific examples to support your response.
alice johnson social security number 222-23-3334 is single taxpayer and is employed as a secretary by state university
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