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On May 1, 2012, Goodman Company began construction of a building. Expenditures of $240,000 were incurred monthly for 5 months beginning on May 1. The building was completed and ready for occupancy on September 1, 2012. For the purpose of determining the amount of interest cost to be capitalized, the average accumulated expenditures on the building during 2012 were?
on january 1 2011 1000000 5-year 10 bonds were issued for 970000. interest is paid semiannually on january 1 and july
the brown company bank statement for september 302015 showed a balance of 1681.50. the companys cash account showed a
alden company has decided to use a contribution format income statement for internal planning purposes. the company has
Shonen Knife Corporation has elected to use the fair value option for one of its notes payable. The note was issued at an effective rate of 11% and has a carrying value of $16,000. At year-end, Shonen Knife's borrowing rate has declined; the fair ..
Fernandez Corporation purchased a truck at the beginning of 2012 for $50,000. The truck is estimated to have a salvage value of $2,000 and a useful life of 160,000 miles. It was driven 23,000 miles in 2012 and 31,000 miles in 2013. Compute deprec..
garnett co. expects to purchase 180000 of materials in july and 210000 of materials in august. three-fourths of all
a company estimates that overhead costs for the next year will be 9234000 for indirect labor and 156800 for factory
calculate the present value of the following cash flows rounding to the nearest dollara. a single cash inflow of
apocalyptica corp. pays a constant 9.75 dividend on its stock. the company will maintain this dividend for the next 11
varilux manufactures a single product and sells it for 10 per unit. at the beginning of the year there were 1000 units
taylor complany paid cash dividends totaling 150000 in 2012 and 75000 in 2013. in 2014 she intends to pay 800000.
Make the entry to record the partial refunding. Assume Grant Co. makes reversing entries when appropriate. Prepare the adjusting entry at December 31, assuming straight-line amortization of the discount.
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