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On January 1, 2010, Lynch Company acquired 13% bonds with a face value of $50,000. The bonds pay interest on June 30 and December 31 and mature on December 31, 2012. Lynch Company paid $51,229.35, a price that yields a 12% effective annual interest rate.Required:1. Record the purchase of the bonds.2. Prepare an investment interest revenue and premium amortization schedule using the effective interest method.3. Record the receipts of interest on June 30, 2010 and December 31, 2012.
List some Accounting Information system (AIS) and Management information system.
The actual return on plan assets was $1 million although it was expected to be $6 million. On average, employees' remaining service life with the company is 18 years.
an analyst is evaluating securities in a developing nation where the inflation rate is very high. as a result the
general capital assets are accounted for differently in fund governmental-wide financial statements.a city engaged in
the billboard for the florida lottery announces an 18000000 prize to the winner. the winner has the option of receiving
which depreciation method does amazon.com use for reporting in the financial statements? what type of depreciation
Find the present value of rs.2000 due in 6 yrs if money is worth compounded semi-annually ascertain the present value of an amount of rs.8000deposited now in a commercial bank for a period of 6 yrs at 12 % rate of interest.
A. Calculate the break-even point(s) B. If Cesar's Bottlers can sell all the units it can produce, shoud it operate ar one, two, or three shifts? Support your answer.
morganton company makes one product and it provided the following information to help prepare the master budget for its
A company issued 3%, 16-year bonds with a par value of $560,000. The current market rate is 3%. The journal entry to record each semiannual interest payment is ??
a manufacturing company applies factory overhead based on direct labor hours. at the beginning of the year it estimated
financial information for semester company for three recent years is as followsfiscal years ended201120102009net
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