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National Orthopedics Co. issued 9% bonds, dated January 1, with a face amount of $500,000 on January 1, 2013. The bonds mature on December 31, 2016 (4 years). For bonds of similar risk and maturity the market yield was 10%. Interest is paid semiannually on June 30 and December 31. Determine the price of bonds at January 1, 2013. Prepare the journal entry to record issuance by National on January 1, 2013. Prepare an amoritization schedule that determines interest at the effective rate each period. Prepare the journal entry to record interest on June 30, 2013. Prepare the appropriate journal entries at maturity on December 31,2016
The appraised value of the property is 490,000 and of the warehouse is 980000. Prepare the entry by cheng for the receipts of the properties.
Using the retail method (this method estimates lower-of-average-cost-and-market), compute the ending inventory at cost as of January 31, 2005. Make sure your answer is in good form with clearly labelled amounts.
Prepare the statement of cash flows for ATM Software Developers using the indirect method.
What is the markup on variable costs needed to obtain a target profit of $75,000?
shares in raven products are selling for 96 per share. there are 1 million shares outstanding. what will be the share
Emerald produced 5,000 units during the quarter. At the end of the quarter, an examination of the labor costs records showed that the company used 25,000 direct labor hours and actual total direct labor costs were $375,000. Calculate the direct..
runcke motor company manufactures automobiles. during september 2011 the company purchased 5000 head lamps at a cost of
The following data were taken from the balance sheet accounts of Wickham Corporation on December 31, 2012.
part b bodacious engineering inc. purchased a new factory machine on january 1 2008 for 110000. the machine has an
charter corporation which began business in 2013 appropriately uses the installment sales method of accounting for its
What is the age limitation for a student and a non student? What is the income limitation for a dependent? Who is a qualified child?
Sara owns a sole proprietorship and Phil is the sole shareholder of a C (regular) corporation. Each business sustained a $9,000 operating loss and a $2,000 capital loss for the year. Evaluate how these losses will affect the taxable income of the ..
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