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Use the same information in RE13-1 except that the note is not interest bearing. Assume that the note is discounted at a 15% rate.In RE13-1, Rescue Sequences, LLC, purchased inventory by issuing a $12,000, 10%, 60 day note on October 1. Prepare the journal entries for Rescue Sequences to record the purchase and payment assuming it uses a 360 day calendar fiscal year.
Compute the budgeted cash receipts for March. The following additional information has been provided for March: Prepare a cash budget in good form for the month of March, using this information and the budgeted cash receipts you computed for part (..
company a subsequently sells 60 of the voting interest in company s for 900000. the fair value of company as retained
how are changes in the fair value of an option accounted for in a cash flow hedge? in a fair value hedge?
on september 30 2013 sternberg company sold office equiptment for 12000. the equiptment was purchased on march 31 2010
Free cash flow is expected to grow at 6% rate after 2011. Thw weighted average cost of capital is 11%. If operating capital as of 12/31/2010 is $502.2 million, what is the free cash flow for 12/31/2011?
during 2002 enron corporation hid large liabilitiesfrom its balance sheet. worldcom admitted to recording expenses
the expected pretax return on three stocks in divided between dividends and capital gains in the following way stock a
for several years erben inc. has followed a policy of paying a cash dividend of 0.59 per share and having a 7 stock
Objective questions in accounting, Accounting is an information and measurement system that identifies, records, and communicates financial information to users. External users of accounting information include
the cavy company estimates that the factory overhead for the following year will be 1250000. the company has decided
What are the economic issues that drive the increased demand for assurance services? What is one assurance engagement and one attestation engagement other than an audit of financial statements? What are the differences between the two engagements?
west county bank agrees to lend drake builders company 100000 on january 1.drake builders company signs a 100000 6
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