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Like Home Inc. includes the following selected accounts in its general ledger Dec 31. 2012. 1. Prepare the liabilities section of life Inc balance sheet of Dec 31, 2012 to show how the company report these items, report current liabilities and total liabilities. Data Table: Bonds payable $ 200,000 Equipment 118,000 Current portion of bonds payable 51,000 Notes payable, long-term 125,000 Interest payable (due March 1, 2013) 1,400 Accounts payable 33,000 Discount on bonds payable (all long-term) 6,000 Accounts receivable 31,000
Calculate your times interest earned ratio both with and without the new debt financing. Calculate the expected EPS next year, both with and without the new debt financing.
Newton Co. had installment sales of $1,000,000 and cost of installment sales of $700,000 in 2010. A 2010 sale resulted in a default in 2012, at which time the balance of the installment receivable was $30,ooo. The repossessed merchandise had a fai..
The finished goods inventory on hand at the end of each month must be equal to 5,000 units plus 25 percent of the next month's sales. The finished goods inventory on June 30 is budgeted to be 13,750 units.
Assume none of the fixed expenses for the Basic line are avoidable. What will be total net income if the line is dropped?
select one organization of the virtual organizations from the student website.write a 1400- to 2100-word paper in which
1. would you agree with someone who said that a situation analysis is not particularly useful since all competitors in
The cost of the measure is to be paid by a special tax. Although most of the townspeople believe the sea aquarium is a good idea, there is disagreement about how the tax should be levied.
timothy is a 35 percent partner in the total partnership a calendar-year-end entity. timothy has an outside basis in
How can the concept of unit-level activities be applied to an airline? More specifically, what are two examples of unit-level activities for JetBlue? What steps has JetBlue taken to manage these unit-level activities more efficiently?
Equestrain Roads sold $50,000 of goods and accepted the customer's $50,000 10% 1-year note receivable in exchange. Assuming 10% approximates the market rate of return, what would be the debit in this journal entry to record the sale?
for purposes of external reporting not-for-profits unlike governments in their governmental fund statements do not
Ford Software began with cash of $10,000. Ford then bought supplies $2600 on account. Ford paid $4600 for a computer. How much assets does he have? How much in liabilities does Ford owe?
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