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The Bravo Company note receivable account has a balance of $400,000 at December 31 year end.The notes receivable account consists of two notes, both of which originated during the current year.The first is a $100,000 dated October 31, with principal and 6% interest payable on October 31, one year later. The second is a $300,000 note dated March 31, 2012,with principal and 8% interest payable on March 31 one year later.These were the only two notes that Bravo had during the year.How much interest revenue will appear in Bravo%u2019s current year income statement?
The balance sheet for Jimenez Inc. shows the following: total paid-in capital and retained earnings $870,000, total stockholders' equity $810,000, common stock issued 44,000 shares, and common stock outstanding 40,000 shares. Compute the book valu..
Write an accounting equation, and record the effects of each accounting event under the appropriate general ledger account headings and prepare an income statement for the 2009 accounting period and a balance sheet at the end of 2009 for Ruff Compa..
rottino company purchased a new machine on october 1 2015 at a cost of 150000. the company estimated that the machine
How could management use inventory to manipulate income? What is the difference between periodic and perpetual inventory systems? Which items and costs should be included in inventory?
grieg landscaping began construction of a new plant on december 1 2014. on this date the company purchased a parcel of
The 2011 financial statements of Leggett & Platt, Inc. include the following information in a footnote. What are the company's gross accounts receivable at the end of 2008?
Sept. 6 Purchased calculators from Green Box Co. at a total cost of $2,441, terms n/30. Journalize the September transactions.
Scudder company has two operating departments: mixing and forming. Mixing has 240 employees and occupies 22,000 ft². Forming has 80 employees and occupies 18,000 ft².
rohan corporation holds assets with a fair value of 150000 and a book value of 125000 and liabilities with a book value
A corporation issues $100,000, 10%, 5-year bonds on January 1, 2009, for $104,200. Interest is paid semiannually on January 1 and July 1. If the corporation uses the straight-line method of amortization of bond premium, the amount of bond interest..
company has no beginning and ending inventories and reports the following information aboutits only product direct
in two to three paragraphs describe the sarbanes-oxley act and why it is important to the accounting profession.name
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