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On january 1 a company borrowed $70000 cash by signing a 9% installment note that is to be repaid with 4 annual year-end payments of $21607 the first which is due on december 31 year 1.
a. prepare the company's journal entry to record the note's issuance
b. prepare the journal entries for the first and second installment payments
a retail store has three departments 1 2 and 3 and does general advertising that benefits all departments. advertising
Actual cost of direct materials purchased and used, $176,000 Unfavorable direct-material quantity variance, $9,400The direct-material price variance is:
mason co. issued 840000 of five-year 13 bonds with interest payable semiannually at a market effective interest rate of
a contracting company has been awarded a contract for reshaping and leveling 10 miles of a gravel road. for a 2-mile
discuss the revenue principle and the matching principle as per the generally accepted accounting principles
evaluate the logic of reflecting key person life insurance in the operating activities of the cash flow statement and determine if this presentation is misleading to users of the financial statements.
prepare journal entries to record the following transactions involving both the short-term and long-term investments of
The division incurred before-tax operating losses of $130,000 from the beginning of the year through December 15.
the speedy delivery service is considering the expansion of its business into afternoon retail delivery service. this
bogeeta inc. manufactures two products - bicycles and skateboards. for each bicycle sold the company receives 95. for
Do you think favorable variances should be investigated? Why or why not?
calloway shoes purchased a delivery truck on september 302011 for 32000. the estimates useful life of the truck is 10
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