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1.Adidas issued 10-year, 11% bonds with a par value of $170,000. Interest is paid semiannually. The market rate on the issue date was 10%. Adidas received $180,595 in cash proceeds. Which of the following statements is True?
2.A company issues at par 9% bonds with a par value of $390,000 on April 1. The bonds pay interest semi-annually on January 1 and July 1. The cash received on July 1 by the bond holder(s) is:
3.On January 1, a company issues bonds dated January 1 with a par value of $230,000. The bonds mature in 5 years. The contract rate is 7%, and interest is paid semiannually on June 30 and December 31. The market rate is 6% and the bonds are sold for $239,811. The journal entry to record the issuance of the bond is:
Using the following information, prepare the statement of revenues, expenditures, and changes infund balance for the General Fund of the City of Savannah for the fiscal year
During the year, Katie received the following: What amount must Cathy include in gross income?
you have been given the following information for ethan company as of june 1 2010. ethan company purchased a parcel of
starmart manufactures skateboards. the company has a highly automated production process so itallocates manufacturing
Beginning and ending work in process for 2009 are $8,000 and $10,000 respectively. How much is cost of goods sold for the year?
Your posts are very good and state that management should focus on the success of the business rather than managing income to their benefit. This gets into ethics, where if you keep doing the right thing you will reap the benefits with bonus's and..
Jenny received nontaxable stock rights on June 9, 2009. She allocated $3,800 of the $20,000 basis for the associated stock to the stock rights. The stock rights are exercised on October 12, 2009. The exercise price for the stock is $11,000. What i..
Each coffee table produced by Robert West Designers nets the firm aprofit of $16. Each bookcase yields a $12 profit. How many tables should be produced each week?
The last dividend paid by XYZ Company was $1.00. XYZs growth rate is expected to be a constant 5 percent. XYZ's required rate of return on equity (ks) is 10 percent. What is the current price of XYZ's common stock?
Instructions, (a) Journalize the closing entries at April 30. (b) Post the closing entries to Income Summary and Retained Earnings. Use T accounts. (c) Prepare a post-closing trial balance at April 30.
a. What is the economic order quantity? b. What is the average inventory if the economic order quantity is used?
Jill reported a net loss of $6 million for the year. What amount of loss should Jack report in its income statement for 2011 relative to its investment in Jill?
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