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1. On October 1, Eder Fabrication borrowed $60 million and issued a nine-month promissory note. Interest was discounted at issuance at a 12% discount rate. Prepare the journal entry for the issuance of the note and the appropriate adjusting entry for the note at December 31, the end of the reporting period.
on december 31 2012 flint corporation sold for 100000 an old machine having an original cost of 180000 and a book value
internal control procedures are required to safeguard company assets and to ensure ethical operation of the business. 1
health construction builds standard prefabricated wooden frames for walls. each frame requires 10 direct labot hours
the following informationis available for leno companysales 695000goods available 535000ending
What are the financial implications of a situation in which the debits to aggregated Estimated revenues are less than the aggregated credits to Appropriations?
Explain what is meant by high quality of earnings and evaluate the quality of the company's earnings - Discuss your findings.
in january 2013 mitzu co. pays 2800000 for a tract of land with two buildings on it. it plans to demolish building 1
She does remember that the machine has a projected life of 10 years. Based on these data, the annual cost savings are:
Reciprocity is a means of receiving something in exchange for providing something. The major forms of reciprocity in the foraging society operate within animmediate return system in most cases (Woodburn, 1988). The three types of reciprocal exchan..
In either case, the equipment is worth nothing after 2 years and will be discarded. Should Reynolds lease or buy the equipment?
westan corporation uses a predetermined overhead rate of 23.40 per direct labor-hour. this predetermined rate was based
Fitness Design reports taxable income of $70,000 and pays $60,000 in dividends to shareholders before considering payments to Cynthia. Cynthia receives a $75,000 salary. What is Cynthia's income from Fitness Design?
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