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On Janurary 1, 2010 Bukner Steel Co. issued a $300,000, 3 year, 6% installment note payable with payments of $100,000 principle and interest due on Janurary 1st for each of the next 3 years.
1. Prepare the adjusting journal entry to accure interest at the end of the 2 year - 12/31/11
Two of the most common line items on an income statement are gross profit and net income. What is the difference between the two?
Give the entry for the issuance assuming the par value of the common was $5 and the market value $30, and the par value of the preferred was $40 and the market value $50.
castle company produces throw blanketsnbspnbspthat are popular holiday gifts.nbspnbspstandard variable costs relating
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a national beauty salon chain wants to estimate the number of times per year a woman has her hair done at a beauty
The managers will e-mail their weekly reports to you on Monday of the following week. You will then produce the summary report. Explain the process for doing this. Give a sample formula to total the number of mini-gizmos produced by the entire..
The truck was assigned an estimated useful life of 100,000 miles and has a residual value of $10,000. The truck was driven 18,000 miles in 2008 and 22,000 miles in 2009. Compute depreciation expense using the units-of-activity method for the years..
A business is considering a cash outlay of $500,000 for the purchase of land, which it could lease for $40,000 per year. If alternative investments are available which yield a 21% return, the opportunity cost of the purchase of the land is:
a company purchased goods on credit with credit terms of 315 n45. although the company does not have cash available to
i want to write a paper on some aspect of management. an example of a good research question might be a what is the
High Ridge Merchandising Co. sold inventory that had a cost of $10,000. Assuming High Ridge uses the perpetual inventory method, the effect of the journal entry to record Cost of Goods Sold would:
Make the consolidated eliminating entries for the intercompany land
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