Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Recording a Bond Issue and Interest
Nora Corporation issued 8.5%, five year bonds with a face value of $8,000,000 on March 1, 2010, at 96. The semiannual interest payment dates are September 1 and March 1. Using the straight line method and ignoring year end accruals, , prepare journal entries for:
1) The issue of the bonds,
2) The first interest payment on September 1 and
3) The interest payment on March 1 2011.
1. when canceling debt before its maturity debt retirement it is theorized that the recall of the debt is a current
Explain the advantage of using a flexible budget. Also, why are flexible overhead budgets based on an activity measure, such as hours or process time or machine time?
Assuming that the company’s $337,485 ending Finished Goods Inventory account for year 2011 had $137,485 of direct materials costs, determine inventory’s direct labor costs and its overhead costs.
How do you lower tax rates but not the amount of revenue collected by the Treasury. If the tax rates are lowered does that not mean that the amount received by the Treasury would also be lowered?
Essentially, once they contribute to the 401(k), their obligations end. As CFO, what would your suggestion be in regards to the percentage the company contributes to the 401(k) plan?
The company uses the LIFO inventory method for external reporting and for income tax purposes but maintain its internal records using FIFO
The standard wage rate is $12 per hour. ABC manufactured 1,000 fuzzy bears in October. The company used 980 direct labor hours and paid $12.50 per hour. What is labor rate variance? Is the variance favorable or unfavorable?
What is the incremental income (loss) and revenue associated with accepting the special order?
Prepare two schedules, one indicating the corrected income for 2011 and one for the corrected income for 2012.
presented below are a number of business transactions that occurred during the current year for gonzales inc.
The company’s last dividend, D0, was $1.25, its beta is 1.20, the market risk premium is 5.50%, and the risk-free rate is 3.00%. What is the current price of the common stock?
Articulation of financial statements.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd