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Presented below are three transactions. Mark each transaction as affecting owner's investment (I), owner's drawings (D), revenue (R), expense (E), or not affecting owner's equity (NOE).
_______(a) Received cash for services performed
_______(b) Paid cash to purchase equipment
_______(c) Paid employee salaries
the company is planning to acquire a new machines at a total cost of 600000. the machines estimated useful life is 7
Prepare any necessary adjusting entries relative to depreciation (use straight-line) and amortization (use effective-interest method) on December 31, 2011.
shown below is a segmented income statement for holmgren-mulchan during the current month profit centers
1. Accounting for revenue on an accrual basis means that no entry of revenue is made until the cash is actually received.
james anthony attorney p.c. began the year with total assets 177000 liabilities of 112000 and owners equity of 65000.
wwweb marketing is a decentralized firm specializing in designing and operating internet marketing web sites. the firm
Assuming the market rate is still 10%, what price would a second investor pay the first investor on June 30, 2013, for $10,000 of the bonds?
The Ackert Company's last dividend was $1.55. The dividend growth rate is expected to be constant at 1.5% for 2 years, after which dividends are expected to grow at a rate of 8.0% forever. The firm's required return (rs) is 12.0%. What is the best..
sibrel inc. a manufacturing company has provided the following financial data for septembersales590000variable
on january 1 2011 nfb visual aids issued 800000 of its 20-year 8 bonds. the bonds were priced to yield 10. interest is
Individual transactions often have a significant impact on ratios. This problem will consider the direction of such an impact.
Hoffman Corporation issued $60 million of 5%, 20-year bonds at 102. Each of the 60,000 bonds was convertible into one share of $1 par common stock. Prepare the journal entry to record the issuance of the bonds.
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