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On the first day of the current fiscal year $2,000,000 of 10 year 7% bonds with interest payable annually, were sold for $2,125,000. Present enteries to record the following transactions for the current fiscal year
A Issuance of the bonds
B First annual interest payment
C Amortization of bond premium for the year using the striaght line mthod of amortization
If a company is determining the present value of the minimum lease payments under a lease, what interest rate should be used as the discount rate using IFRS?
Shelton Engineering completed the following transactions in the month of June. Prepare a trial balance as of the end of this month's operations
What steps are needed to solve problems using present value techniques to evaluate alternative investment opportunities?
on 31st march 2009 the total assets and external liabilities were 200000 and 6000 respectively. during the year the
XYZ Company is building a new hockey rink at a cost of $1,500,000. It received a down payment of $500,000 from local businesses in support of the project and now needs to borrow $1,000,000 to complete the project. It therefore decides to issue $1,..
What specific labour and overhead costs would be incurred, both before and after the split off point? Again, be specific here in terms of what you think would need to be incurred.
Southern Company's accountant failed to accrue as of 12/31/08 some employee fringe benefit program expenses that were incured in 2008 and that will be paid in 2009. The result of this ommision is to:
kobe is a single dad with dependent children lizzie age 7 and leslie age 3 he has agi of 51,000 and paid 6,300 to a qualified day care center what amount of credit can kobe receive for the child and dependent care credit?
What is the overall completion percentage for the WIP as to direct materials at the end of period?
jeremy earned 100000 in salary and 6000 in interest income during the year. jeremy has two qualifying dependent
diablo company leased a machine from juniper corporation on january 1 2013. the machine has a fair value of 20000000.
Identify two financial intermediaries. What are their respective functions? What are their major roles in the economy? What are the money markets and what are the capital markets? How do they differ? What are their respective activities?
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