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On July 1, 2009, Noble, Inc. issued 9% bonds in the face amount of $5,000,000, which mature on July 1, 2015. The bonds were issued for $4,695,000 to yield 10%, resulting in a bond discount of $305,000. Noble uses the effective-interest method of amortizing bond discount. Interest is payable annually on June 30. At June 30, 2011, Noble's unamortized bond discount should be?
Should Innova purchase the component from the outside vendor if it can use its facilities to manufacture another product? What information will Innova need to make an accurate decision? Show your calculations.
Under the terms of his salary agreement, president Juan Rivera has an option of receiving either an immediate bonus of $40,000, or a deferred bonus of $75,000 payable in 10 years.
The managing partner of the firm decides to accept the engagement. A major factor in the decision is that the firm does not have any clients in the construction industry and this will provide valuable experience. He promptly calls the president an..
moto inc. pays state income tax at 6 rate and federal income tax at a 34 rate. moto recently engaged in a transaction
max and alexandra are married and incur 5500 of qualifying expenses to care for their two children ages 2 and 5. max
Provide one reason for instituting performance-based pay at an organization and one reason why it might not be appropriate. Select a company, and explain how you recommend that the Chief Executive Officer (CEO) be compensated. Is your recommendati..
It serves to highlight the importance of audit opinions and reports. This project gives you an opportunity to conduct certain audit procedures and determine the course of action regarding the audit.
What is possible "consequence" of using the allowance method rather than the direct write-off method? The method fits the matching principle, is GAAP, the SEC likes it better, sounds better for investors, what could be bad?
raleigh sold 1000 units at 500 each and earned net income of 50000. variable expenses were 300 per unit and fixed
Burton did not notify Wilson of these facts. Two days later when Burton again presented the instrument for payment, Burton was told that Foxx's creditors had filed a petition in bankruptcy that morning. Which of the following statements is true?
Journalize the entry to record the declaration of the dividend, cpaitalizing an amount equal to market value. Journalize the entry to record the issuance of the stock certificates.
Set up one T- account for Deere's total inventories ( that is, combine the three inventory accounts for this analysis) Enter the 2011 (i.e. the 2012 opening balance) and 2012 ending balances in the T account
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