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Patterson Company had the following transactions pertaining to debt securities held as an investment.---------Jan.1Purchased 90, 6%, $1,000 MarksCompanybondsfor $90,000 cash plusbrokeragefees of $950. Interest is payable semiannually on July 1 and January 1.-----------------------July1Received semiannual interest on Marks Company bonds.--------------Oct.1Sold 45 Marks Company bonds for $46,400 plusaccruedinterestless $500 brokerage fees.A. journalize the transactions b. prepare the adjusting entry for accrual interest on dec 31
Explain whether each of the above expenditures should be recorded as an operating expense or an intangible asset. If you view the expenditure as an intangible asset, indicate the number of years over which the asset should be amortized, if any. Ex..
representation of assets at fmv isnbsp it right.generally accepted accounting principles require that most assets be
Explain what is meant by "Restricted Stock Units (RSU)” and provide extracts of the disclosure notes for 2 public companies that have these, noting any distinguishing features between the 2 companies’ RSU plans.
On July 1, 2011, Gibson Company acquired 75,000 of the outstanding shares of Miller Company for $12 per share. This acquisition gave Gibson a 35 percent ownership of Miller and allowed Gibson to significantly influence the investee's decisions.
How many minutes of mixing machine time would be required to satisfy demand for all three products?
Types of Funds and taxes in government accounting and operations.
This merchandise was omitted from the year-end physical count. How will these errors affect inventory at year-end and cost of goods sold for the year?
Evaluate the net present value of this investment opportunity. Determine the internal rate of return of this investment opportunity.
the harshman company constructed a building for its own use. the company incurred costs of 20000 for materials and
the central area well-baby clinic gives a variety of health services to newborn babies and their parents. the clinic is
on january 2 2011 the wilcox studios leased six computers for use in the engineering department. the lease period is
Assuming the employee's time value of money is 9% annually, what lump sum at employment date would make him indifferent between the two options.
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