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On January 1, 2013, JWS Corporation issued $627,000 of 9% bonds, due in 10 years. The bonds were issued for $587,931, and pay interest each July 1 and January 1. JWS uses the effective-interest method.
Prepare the company's journal entries for (a) the January 1 issuance, (b) the July 1 interest payment, and (c) the December 31 adjusting entry. Assume an effective-interest rate of 10%
which of the following would not be considered a contingent liability?a. potential fines from the epab. mortgage
Summarize your ideas about internal controls. An introduction to internal controls, explaining in your own words the two primary goals of internal control. A description of how the Sarbanes-Oxley Act of 2002 has affected internal controls
You have been hired as a consultant for XYZ Research Co. XYZ Research Co. incorporated in 2010. XYZ ‘s business centers on developing new technology for interplanetary exploration
The approach the controller recommended is to compare SUPERVALU's revenue recognition accounting policies to three similar companies, one reporting under US GAAP ( Safeway ) and two reporting under IFRS ( Ahold and Loblaw Companies ).
scooter libby corp. ises a periodic inventory system. in 2011 they made a very large purchase so large that they didnt
Recovery of working capital will be $10,000 at the end of its useful life. Annual cash savings from the purchase of the machine will be $20,000. a. Compute the net present value at a 12% required rate of return?
damocles company manufacture fine swords. below arelisted thenbspnet changesnbspin the companys balance sheet accounts
Portsche Snow Removal's cost formula for its vehicle operating cost is $2,310 per month plus $317 per snow-day. For the month of November, the company planned for activity of 18 snow-days, but the actual level of activity was 20 snow-days. The act..
A negative cash flow from investing activities:
i a star-connected three-phase synchronous induction motor takes a current of 10 amps from a 415 volt supply at unity
a new manufacturing machine is expected to cost 286000 have an eight-year life and a 30000 salvage value. the machine
Examine the sources of pressure that change and influence the development of GAAP. Determine the sources of pressure that have the greatest impact. Justify your rationale.
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