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On July 1, 2010, Stine Co. purchased $100,000 of 8% bonds for $97687.4 plus accrued interest as an available-for-sale security. Interest is paid on July 1 and January 1 and the bonds mature on July 1, 2016.
Instructions(a) Prepare the journal entry on July 1, 2010.(b) The bonds are sold on October 1, 2011 at 105 plus accrued interest. Amortization was recorded by the effective interest rate method. Prepare all entries required to properly record the sale.
equipment was purchased for 150000. freight charges amounted to 7000 and there was a cost of 20000 for building a
Calculate the firm's EVA and MVA for 2005. Assume that Cumberland had 10 million shares outstanding that the year end closing stock price was $17.25 per share, and after tax cost capital was (WACC) 12%.
What requirements must be met for property to qualify for like-kind exchange treatment?
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Which of the following describes defined benefit pension plans? a. The investment risk is borne by the employee. b. The plans are simple and easy to construct.
equipment that originally cost 220000 with accumulated depreciation of 100000 to the date of exchange is traded
A company wishes to issue a $30,000, 4-year bond that pays 8% interest compounded semiannually (4% every 6 months). Determine the selling price. Assume a market rate of 10% compounded semiannually (5%).
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the financial accounting standards board issued accounting guidance to clarify accounting methods and procedures with
for your assignment discuss when the government and nonprofit organizations would use each of the following
On January 1, 2008, Deweese Corporation had $ 1,000,000 of common stock outstanding. Journalize the declaration of a 15% stock dividend on December10, 2008, for the following independent assumptions
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