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Question: (Journal entries regarding a bond issue and accounting for a premium) Archambault Township authorized a bond issue for a parking garage wish an estimated cost of $4,000,000. The garage would be financed through a $2,500,000 bond issue and a $1,500,000 contribution from the General Fund. The General Fund made its contribution, and the bonds were sold for $2,700,000, which included a $200,000 premium over the face amount of the bonds. Prepare journal entries to record the budget for the parking garage, the payment and receipt of the General Fund's contribution, and the issuance of the bonds, assuming the premium remained in the Capital Projects Fund. Identify the fund(s) used to record the transactions. Also, identify alternate methods of disposing of the bond premium.
A transfer price of $13 per unit is established, and 50,000 units of material are transferred with no reduction in Division 6'scurrent sales. How much would Division 6's income from operationsincrease?
on december 28 2013 videotech corporation vtc purchased 12 units of a new satellite uplink system from tristar
Oxford's tax rate for 2010 and years thereafter is 30%. In its December 31, 2010 balance sheet, what amount of deferred tax liability should be reported?
Identify the name of the control principle to which this situation relates. Explain to your friend what kind of fraud could occur if the same person did both jobs.
There are many forms of relationships a firm can have with another organization. One of these common forms is the variable rate entity. Please consider this concept as you answer the following questions: Describe a variable interest entity
the following are comparative balance sheets and income statement for bahati corporation
castner coporation is considering implementation of a jit inventory system. the companies industria engineer recently
1. maxwell company established a center to provide its employee training seminars. maxwell budgeted costs for a weekend
Where would the interest expense be shown on the statement of cash flows?
What is a prior probability. Explain the purpose behind using BayesTheorem.
erica is a citizen of a foreign country and is employed by a foreign-based computer manufacturer. ericas job is to
acme fireworks uses a traditional overhead allocation based on direct labor hours. for the current year overhead is
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