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Let's discuss the difference between bonds and note payable. How do we account for bonds when they are issued a par, at a premium, and out a discount? what are the required disclosureres for notes and bonds payable?
During the year, Xero, Inc., experienced increase in net fixed assets of $300,000 and had depreciation of $200,000. If operating cash flow (OCF) for the year was $700,000, compute firm's free cash flow (FCF) for the year.
After attending your seminar about life insurance planning, she has come to you to determine whether she has enough life insurance. Besides the small disability check that her husband receives, she is the only source of income-albeit a good income..
The company expects to sell 20% of its merchandise for cash. Of sales on account, 70% are expected to be collected in the month of the sale, 25% in the month following the sale, and the remainder in the following month. The cash collections in Sep..
The new machine will cut operating costs by $10,000 each year for the next five years. Taylor's cost of capital is 8 percent. Should the firm replace the asset? (Use NPV methodology to solve this problem)
Why is it difficult to develop accounting reporting categories that are uniform for governments within the same type of entity (e.g. cities) and even more difficult to develop them for governments within different types of entities
the current liability section of the balance sheet lists the liabilities that are due within the next 12 months.
Phil is advised by his family physician that his dependent son, Tony, needs surgery for a benign tumor in his leg. Phil and his son travel to Rochester, Minnesota, for in-patient treatment at the Mayo Clinic, which specializes in this type of surg..
the unadjusted trial balance for the general fund of the city of jordan at june 30 2015 is as followsdebitsaccounts
suppose you are the manager of a widget-production company. the companys two support departments purchasing and human
Record the transactions on page 8 of a general journal. You can Omit descriptions. You can use any General Journal template or the one attached.
The average stockholders' equity was $680,000. What is Thomas Company's return on equity (ROE)?
China Inc. produces custom-painted cake plates for a number of major department stores. During the most recent week, the company prepared 6,000 platesusing 1,150 direct labor-hours.
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