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Let’s say Gaming Capital, LLC has issued 100 bonds with the following characteristics: Par Value of Bond Issued (amount of the loan) $2,500 Annual Interest Rate (interest rate of the loan) 5% Term (the amount of time before the loan will be paid back) 5 years Date of Bond (date the loan was made) January 1, 2015 Please complete the journal entry for the date the bond was issued and then a second journal entry for it’s first annual interest payment.
Compute the estimated inventory at May 31, assuming that the gross profit is 30% of sales. Compute the inventory by the conventional retail inventory method.
Labor data for making one gallon of finished product in Tang Company are as follows: (1) Price—hourly wage rate $13.75, payroll taxes $0.52, and fringe benefits $1.54. (2) Quantity—actual production time 1.21 hours, rest periods and cleanup 0.34 hour..
problem 1 pre-contribution balance sheets and fair valuesjune 30 20x9in thousands of
computation of unit costs for materials and conversion costs based on equivalent units of production given production
Prepare the statement of cash flows using the indirect method. Disclose any noncash transactions in an accompanying note. (Amounts to be deducted should be indicated with minus sign. Omit the "$" sign in your response.)
Identify one of the general deductions and explain its current treatment. Then, argue whether or not it should be allowed as a deduction. You can approach this question from an economic, social, revenue, or political perspective.
Determine the amounts of the components of pension expense that should be recognized by the company in 2012. Prepare the journal entry to record pension expense and the employers contribution to the pension plan in 2012.
Prepare the consolidated financial statements for NZL and its controlled entities as at 31 March 2016. You have been provided with an Excel template for entering the $ amounts for the items in the consolidated financial statements.
Allowance for Doubtful Accounts has a debit balance of $600 at the end of the year (before adjustment), and an analysis of accounts in the customers ledger indicates uncollectible receivables of $13,000. Which of the following entries records the pro..
Evaluate the impact of the regulatory environment, including the Sarbanes-Oxley Act and other regulatory requirements, on your business venture, giving considering to how you intend to comply with the requirements
Prepare a monthly flexible budget for each $10,000 increment of sales within the relevant range for the year ending December 31, 2012.
Bogus Co. exchanged Building 42 which has an appraised value of $4,800,000, a cost of $7,590,000, and accumulated depreciation of $3,600,000 for Building X belonging to Good Co. Building X has an appraised value of $4,512,000, a cost of $9,030,000, a..
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