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Record the following simple transactions in the Debt Service Fund of Ledford County.
1. The county issued $50,000,000 of refunding bonds at par to provide most of the financing to refund $60,000,000 of outstanding bonds.
2. The county transferred $5,000,000 from the General Fund to the fund from which the outstanding bonds are to be defeased.
3. The county paid $55,000,000 into an irrevocable trust established in a manner that defeased in substance the $60,000,000 of previously outstanding bonds.
Dirt Bike Co in Japan has a division that manufactures two-wheel motorcycles. Its budgeted sales for Model G in 2003 is 800,000 units. Dirt Bike's target ending inventory is 100,000 units, and its beginning inventory is 120,000 units.
On December 31, 2008, Kean Company changed its method of accounting for inventory from weighted average cost method to the FIFO method. This change caused the 2008 beginning inventory to increase by $420,000. The cumulative effect of this accounti..
Prepare the journal entry at the date of the bond issuance. (Round answers to 0 decimal places, e.g. $38,548. Credit account titles are automatically indented when amount is entered. Do not indent manually.
Assuming the museum has available capacity, should the museum accept the special order? Explain the factors you considered to arrive at your answer.
Joan purchases a government bond for $10,000 that pays 7 percent annual interest. Jim purchases $20,000 worth of corporate bonds that pay 10 percent annual interest. Joan's goal is to earn $700 per year on her investment, and Jim's goal is to earn..
Classic Accessories manufactures auto roof racks in a two-stage process that includes shaping and plating. Steel allow is the best raw material of the shaping process. The steel is molded according to the design specifications of automobile manufactu..
Kushman Combines, Inc. has $20,000 of ending finished goods inventory as of December 31, 2010. If beginning finished goods inventory was $10,000 and cost of goods sold was $40,000, how much would Kushman report for cost of goods manufactured?
The fair market value of Sky Tech's depreciable assets was $15 million in excess of their book value. For this year, Sky Tech reported a net income of $75 million and delacred and paid $15 million in dividends. What is the amount of purchased good..
Find the Present Value of the following scenarios: a. An Annual Payment of $1500 over 6 years with an interest rate of 5%. b. A final payment, in 6 years, of $4500, with an interest rate of 6%.
What two accounts will be affected while recording entries in the general ledger when you bill a customer for services rendered on account? There has not been any previous cash paid to the company.
Post an executive summary of your Comprehensive Project in the body of a post in this Discussion Board
find the present value of the following scenarios a. an annual payment of 1500 over 6 years with an interest rate
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