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Swanson Corporation issued $8 million of 20-year, 8 percent bonds on April 1, 2011, at 102. Interest is due on March 31 and September 30 of each year, and all of the bonds in the issue mature on March 31, 2031. Swanson's fiscal year ends on December 31. Prepare the following journal entries: (a) April 1, 2011, to record the issuance of the bond. (b) September 30, 2011, to pay interest and to amortize the bond premium.
the following data are for the month of january for the soloway company. assume the cost driver is the number of units
Prepare journal entries relating to the stock option plan for years 2010, 2011, and 2012. Assume that the employee performance services equally in 2010 and 2011.
Prepare an incremental analysis report for Barnes Company which can serve as informational input into this make or buy decision.
on january 1 2008 moore company purchased equipment for 16000. moore uses straight-line depreciation and estimates a
The T&M company wants to expand internationally. The marketing department suggests starting with specialty stores in Italy since a survey indicates that American quality towels are appreciated in Italy. The current price is about 20% higher than c..
Prepare a forecasted contribution margin income statement for 2012 that shows the expected results with the machine installed. Assume that the unit sales price and the number of units sold will not change, and no income tax will be due.
the targeted capital structure for qm industries is 36 common stock 15 preferred stock and 49 debt. if the common cost
Sarah came home one day to find significant water damage in her home. Apparently one of the hoses to her washing machine had worn out and split, spilling water all over the place. Over the next month, mildew appeared as well.
Prepare flexible budget for ABC Manufacturer on production of10,000, 15,000, and 20,000 units
This case and solution were prepared by Karen Collins, Lehigh University
kind meek and clean attorneys-at-law specialize in three areas criminal civil and family law. when specifications for
How would applying a flat tax decrease errors, when the progressive tax rates is just a simple formula? How would you measure gross income? Do you think that deductions should be eliminated? Which ones and why?
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