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Question 1 - On August 1, 2016, Alpha Company entered into a capital lease, and correctly recorded the leased asset, and related obligation at $50,000. The annual interest rate implicit in the lease was 12%, and the first lease payment of $2,000 is due at the end of each month of the lease. Use this information to prepare the General Journal entry (without explanation) for the August 31, 2016 monthly lease payment. If no entry is required then write "No Entry Required." (Round your answer to the nearest whole dollar.)
Question 2 - Alpha company purchased a bond investment on January 1, 2017. The bonds have a par of $10,000, pay interest at a 4% annual rate and have 5 years until maturity. What is the total Interest Income that will be reported over the life of the bond investment if the bonds were purchased at 102 and Alpha uses the straight line amortization method?
on 1110 the stockholders adopted a stock option plan for top executives whereby they would receive rights to purchase
download the applying excel form and enter formulas in all cells that contain question marks.for example in cell b26
Once you have read the extract by Sen, attempt the review and discussion questions1-3 and 5 (ignore 4) on p.165, and be prepared to discuss your answers with your colleaguesin your tutorial.
koko company produces lamps that require 2.25 standard hours per unit at an hourly rate of 15 per hour. if 7700 units
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candies inc. manufactures and sells two products marshmal low bunnies and jelly beans. the fixed costs are 350000 and
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the contribution margin ratio is 40 for the company and the break-even point in sales is 150000. if the companys target
The total assets of Yap Co. are $600,000 and its liabilities are equal to two-thirds of its total assets. What is the amount of Yap Co.'s owner's equity?
net cash flow is the difference between a firms operating cash flow and its financing cash flow. is the difference
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