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On Jul 1, 2009 Gerdin Company borrowed $100,000. The company signed a note payable with interest at 6% per year. The note and interest are due on December 31, 2009 after 6 months. On December 31, 2009, Goode paid $103,000 to settle the debt in full. Assuming no Accruals for interest have been made during the year, transaction analysis of the $103,000 cash payment on December 31, 2009, should reflect the following:Assets, Liabilities, and stockholder's equity how?
determining break-even price in a reduce-or-expand decision. quickcare is a health care franchise that functions as a
A magazine offers a one-year subscription at a cost of 15 with renewal the following year 16.50. Also offered is a two-year subscription at a cost of 28.
laserwords inc. is a book distributor that had been operating in its original facility since 1987. the increase in
What is a "conceptual framework" and why is it important in the standard setting process?
given the importance of proper system development what role should an accountant take in a development
james works as a landscaper for local businesses on weekends and he often provides services in exchange for property.
Which of the following would be treated as an extraordinary item?
which of the procedures is least likely to be performed as a part of obtaining an understanding during an audit
Edgemont paid cash dividend of 25,000 in 2006. No additional stock was issued. Compute the retained earnings on December 31, 2005, and 2006.
which is a better predictor of long-term success cash generated from operations cash generated from investing
Explain the results from the four (4) scenarios. Be sure to discuss where you obtained your stock prices from and why you chose that source.
The payment of the second installment and Fixed asset purchases with note
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