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Question - On July 1, 2017, Alpha Company purchased inventory from its Japanese supply source. Terms of sale were 100,000 yen, due 30 days from the date of purchase. On July 30, 2017, Alpha paid for the supplies purchased on July 1. The exchange rate for the yen was $0.01 on the date of purchase, and $0.0098 on the date of payment. Use this information to prepare Alpha Company's general journal entries to record the purchase and payment for inventory purchased from is Japanese vendor.
On 1/1/09 ABC Company sold $200,000 of 10% ten-yr bonds. Interst paid semiannually on 6/30 and 12/31. The bonds sold for $177,000. ABC records interest at the effective rate. What much bond interest expense should ABC reports bond interest expense..
On December 31, 2013, Rhone Metro Industries leased equipment to Western Soya Co. for a four year period ending December 31, 2017, at which time possession of the leased asset will revert back to Rhone Metro.
What was the closing stock price for the last 5 days? What was the 52 Week High for this stock? What is the Book Value per Share? What type of rating are analysts recommending (i.e. buy, hold, etc.)?
Suppose a stock price can go up by 15% or down by 13% over the next year. You own a one-year put on the stock. The interest rate is 10%, and the current stock price is $60. a. What exercise price leaves you indifferent between holding the put or ex..
determine the cost of the units completed and transferred to the blending department during may. round your
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determining cash payments to stockholders the board of directors declared cash dividends totaling 176800 during the
Are the federal and state income taxes withheld from employee paychecks a payroll tax expense for the employer? Explain your answer.
a cost analyst for stamper manufacturing co. has assembled the following data about the model 24 stamp pad the piece
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