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On July 1, 2010, Atwater Corporation issued $1,681,700 face value, 9%, 10-year bonds at $1,920,720. This price resulted in an effective-interest rate of 7% on the bonds. Atwater uses the effective-interest method to amortize bond premium or discount. The bonds pay semiannual interest July 1 and January 1. Instructions (Round all computations to 0 decimal places, e.g. 125. Use rounded amounts for future computations.) Prepare the journal entry to record the issuance of the bonds on July 1, 2010. (For multiple debit/credit entries, list amounts from largest to smallest eg 10, 5, 3, 2.)
The annual policy premium of $12,000 had been paid on January 1. Damitria's gift (before the annual gift tax exclusion) to Tremayne is:
A city received supplies that had been previously encumbered. The supplies were encumbered for $5,000 and had an actual cost of $4,900. To recognize this event the county should make which of the following entries?
as a cash dividend he orders. just watch our stock rise when we announce the stock dividend it must be a good thing if
diversification increases when decreases.a. variabilityb. returnc. riskd. a and ce. all of
Menke uses straight-line amortization. Ignoring income taxes, the amount reported in Menke's 2010 income statement from this investment should be $4,500.
Write a memo to the general manager describing what preventive, detective, and corrective management controls (procedures and policies) should be addressed and possibly changed to correct the issues found in the audit.
a partial trial balance of julie hartsack corporation is as follows on december 312008.dr. cr.supplies on hand
Determine the November 30 balances for each of the inventory accounts and factory overhead and determine the missing amounts associated with each letter.
hinshaw company purchased a new machine on october 1 2014 at a cost of 87200. the company estimated that the machine
colerain corporation is a merchandising company that is preparing a profit plan for the third quarter of the calendar
store a had sales of 80000 during march a contribution margin ratio of 30 and a segment margin of 11000. the company as
The inventory cost Yukon $260,000 and was sold to Ontario for $390,000. Ontario still had $60,000 of the goods in its inventory at the end of the year. The amount of unrealized intercompany profit which should be eliminated in the consolidation pr..
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