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Leoni Co. receives $277,000 when it issues a $277,000, 13%, mortgage note payable to finance the construction of a building at December 31, 2011. The terms provide for semiannual installment payments of $23,083 on June 30 and December 31. Prepare the journal entries to record the mortgage loan and the first two installment payments: 2011 Dec. 31, 2012 June 30, 2012 Dec. 31
the deleca plastice company is considering a machine that has a cost of 25000. the machine will permit an output
explain how campbell soup company can have net income of 401.5 million but generate 805.2 million in cash from
hocking corporations comparative balance sheet appears below the companys net income for the year was 10000 and its
1. which one of the following is not necessary in order for a corporation to pay a cash dividend?nbspnbspnbspnbsp a.
assume that youve just inherited 350000 and have decided to invest a big chunk of it in common stocks. your objective
spendlove corporation has provided the following data from its activity-based costing system activity cost pool total
Pooh wants to purchase a car on Jan 1, 20X5. She plans to make five payments of $700 each year, beginning Jan 1,20X0 in a money market fund that earns 9%. What will be the balance in the fund on Jan 1, 20X5?
What is Jose's cost basis for the delivery van - Jose purchased a delivery van for his business through an online auction. His winning bid for the van was $24,500.
tonga toys manufactures and distributes a number of products to retailers. one of these products playclay requires two
Only executives are permitted to buy yogurt machines at a discount. What is Sarah's adjusted basis for the yogurt machine and how much must she include in her gross income?
What is the theoretical basis for requiring lessees to capitalize certain long-term leases? Do not discuss the specific criteria for classifying a lease as a capital lease.
hawi inc. has net income of 200000 average shares of common stock outstanding of 40000 and preferred dividends for the
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