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On January 1, 2001, Art Shell loaned $30,052 to Phil Hilton. A zero interest bearing note was exchanged solely for cash; no other rights or privileges were exchanged. the note is to be repaid on December 31, 2003. The prevailing rate of interest for a loan of this type is 10%. the present value of $40,000 at 10% for three years is $30,052. What amount of interest income should Shell recognize in 2001?
Assume none of the fixed expenses for the Basic line are avoidable. What will be total net income if the line is dropped?
The county will then make yearly lease payments to repay the obligation. Unlike conventional municipal bonds, the lease payments are not binding obligations on the county and, therefore, require no voter approval. Doyou think the actions of the po..
bob and gloria sold securities during the current year. the sales resulted in a capital loss of 7000. they had no other
Adani Inc. sells goods to Geo Company for $11,000 on January 2, 2012, with payment due in 12 months. The fair value of the goods at the date of sale is $10,000. Prepare the journal entry to record this transaction on January 2, 2012. How much t..
1. pay 238000 to lessor co. as 1st annual payment on the signing of a 3-year noncancelable computer lease to begin 111.
adam and beth formed a corporation called cyclo equipment rentals on december 1st 2011. this new business is an
The land originally cost Stark $85,000. Stark reported net income of $200,000, $180,000 and $220,000 for 2009, 2010, and 2011 respectively. Parker sold the land it purchased from Stark in 2009 for $92,000 in 2011. Which of the following will be in..
for february the cost components of a picture fram include 0.25 for the glass 0.65 for the wooden frame and 0.80 for
1.calculate american eagles return on assets profit margin and asset turnover ratio.2.calculate the buckles return on
jumpst corporation uses the cost formula y 3600 0.30x for the maintenance cost in department b where x is
A bond issued with a face value of 200000 and a carrying amount of 195500 is paid off at 98 1/2 and retired. The gain or loss on this transaction is:
What is the effect of the real-wage rate level on the quantity of labor supplied in the market?
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