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On January 31, 2011, B Corp. issued $450,000 face value, 10% bonds for $450,000 cash. The bonds are dated December 31, 2010, and mature on December 31, 2020. Interest will be paid semiannually on June 30 and December 31. What amount of accrued interest payable should B report in its September 30, 2011, balance sheet?
discuss the advantages and disadvantages of chieftain having no long-term debt and such a large cash balance at the end
kalox inc. manufactures an antacid product that passes through two departments. data for may for the first department
what is the difference between operations costing and a process costing system? how does a company decide whether to
Discuss the allowance method and the direct write-off method of accounting for bad debts. When is the expense for uncollected accounts receivable recognized under each method? Respond to at least two of your classmates' postings.
mathias has been the sole proprietor of a clothing store for many years. he intends to retire after holding a
Profit margins and turnover ratios vary from one industry to another. What differences would you expect to find between the turnover ratios, profit margins, and DuPont equations for a grocery chain and a steel company?
at the end of 2009 extreme fitness has adjusted balances of 800000 in accounts receivable and 55000 in allowance for
kathy company purchased and installed a machine on january 1 2006 at a total cost of 72000. straight-line depreciation
assuming that direct labor is a variable cost the primary difference between the absorption and variable costing is
what is the increase or decrease in profits as a results of purchasing the parts from the outside supplier rather than
the canton movie theatre is considering selling its old popcorn machine and replacing it with a newer one. the old
agency funds report assets and liabilities, but not net assets, revenues, or expenses. Briefly explain why this is so. For example, why would an agency fund not have revenue? Why would it not have expenses?
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