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On December 31, 2010, Faital Company acquired a computer from Plato Corporation by issuing a $600,000 zero-interest-bearing note, payable in full on December 31, 2014. Faital Company's credit rating permits it to borrow funds from its several lines of credit at 10%. The computer is expected to have a 5-year life and a $70,000 salvage value.(a) Prepare the journal entry for the purchase on December 31, 2010.(b) Prepare any necessary adjusting entries relative to depreciation (use straight-line) and amortization (use effective-interest method) on December 31, 2011.(c) Prepare any necessary adjusting entries relative to depreciation and amortization on December 31, 2012.
1. when merchandise that was sold on account is returned which accounts are affected?a.cash accounts receivable cost
1.what are heinzs business segments? are heinzs operating segments based on productindustry or geographic
hear right company has identified certain variable and fixed costs in the production of its hearing aid
The contribution margin for product A is $5 and for product B it is $4. What is the most profitable sales mix for the Foam Pet Mattress Company?
the cvs pharmacy located on us 17 in murrells inlet has been one of the busiest pharmaceutical retail stores in south
in a minimum 200 word response describe some ways how the public has responded to the october 2001 usa patriot act. has
The township authorized a bond issue of $11 million for the construction of a pedestrian walkway as part of a downtown revitalization project. An additional $1 million of general revenues is to be used for the project. The authorization was record..
The Keego Company is planning a $200,000 equipment investment which has an estimated five-year life with no estimated salvage value. The company has projected the following annual cash flows for the investment.
The pricing objective of maximizing profits: has not been affected by other, more socially focused concerns .
How is the value of a bond determined? What is the value of a 10- year, $1000 par value bond with a 10% annual coupon if its required rate of return is 10%
the warsaw company must maintain a minimum cash balance of 15000. at the beginning of june the companys cash balance
the ace book company sold 1500 finance textbooks for 185 each to high tuition university in 2008. these books cost ace
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