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On the first day of the fiscal year, a company issues a $500,000, 8%, 10 year bond that pays semi-annual interest of $20,000 ($500,000 x 8% x 1/2), receiving cash of $530,000. Journalize the entry to record the issuance of the bonds.
at end of 2011 tatum co. has accounts receivable of 700000 and an allowance for doubtful accounts of 28000. on 24th
Prepare a variance analysis for direct materials and direct labor and complete the standard cost sheet and all production overhead is fixed and that the $9,000 underapplied is the only overhead variance that can be computed. What are the actual and ..
Magic Corporation, an amusement park, is considering a capital investment in a new exhibit. The exhibit would cost $136,000 and have an estimated useful life of 5 years. It will be sold for $65,000 at that time. (Amusement parks need to rotate exhibi..
tyro co. uses a standard cost system. the subsequent information pertains to direct labor for product b for the month
Dewitt Educational Products started and finished job number RM67 during June. The job required $4,600 of direct material and 30 hours of direct labor at $16 per hour. The predetermined overhead rate is $4 per direct-labor hour.
Regal Products has a budget of $900,000 in 20X6 for prevention costs. If it decides to automate a portion of its prevention activities, it will save $60,000 in variable costs. The new method will require $20,000 in training costs and $150,000 in annu..
Evaluate the 2012 cost of goods sold using the LIFO method and find what method would you recommend to owner to minimize income taxes in 2012, using inventory information for footballs as a guide?
Determine the predetermined overhead rate under the current method, and determine the total unit product cost of each product for the current year.
Under Section 11 of the Securities Act of 1933 and Section 10(b), Rule 10b-5, of the Securities Exchange Act of 1934, a CPA may be sued by a purchaser of registered securities. The following items relate to what a plaintiff who purchased securities m..
As you have learned from your reading this week, Title VII of the Civil Rights Act of 1964 prohibits discrimination of the basis of race, color, religion, sex, and national origin.
Prepare a Statement of Cash Flows in good form using the above information and the indirect method. Prepare the Net Cash Provided by Operating Activities section, using the above information, using the direct method.
How does BA account for “other current interest-bearing deposits”? Is that consistent with U.S. GAAP? What is amount of those investments that are maturing after three months, as of March 31, 2009?
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