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On January 2, 2010, Parsons Company purchased $80,000, 10 year, 7% government bonds at 104, including the brokerage commission. January 2, is an interest payment date.Required:(1) Journalize the entry to record the bond purchase.(2) Journalize the entry to amortize the bond premium on December 31, 2010.(3) What is the relationship between the market rate of interest and the coupon rate on the bond investment acquisition date.
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Assuming that a prevailing interest rate of 8% applies to this contract, how much should Fishbone record as the cost of the machine?
Discuss the elements of BFOQ (Bona Fide Occupational Qualification) and how this defense relates to the above case.
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How many boxes does Dandy Candy have to sell to break even?
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