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!
1) Ruben Company purchased $100,000 of Evans Company bonds at 100 plus $1,500 in accrued interest. The bond interest rate is 8% and interest is paid semi-annually. The journal entry to record the receipt of interest on the next interest payment date would be: a. Debit: Cash $4,000; Credit: Interest Receivable $1,500 and Interest Revenue $2,500 b. Debit: Cash $4,000; Credit: Interest Receivable $4,000 c. Debit: Cash $4,000; Credit: Interest Revenue $4,000 d. Debit: Cash $2,500; Credit: Interest Revenue $2,500 2) Temporary investments a. are reported as current assets b. include cash equivalents c. do not include equity securities d. all of the above 3) Investment is certificates of deposit and other securities that do not change in value are reported in the balance sheet as: a. available-for-sale securities b. cash and cash equivalents c. equity investments d. held to maturity securities 4) The master budget is an integrated set of budgets that tie together a company's operating, financing and investing activities into an integrated plan for the coming year. a. true b. false 6) Comprehensive income does not affect net income or retained earnings. a. true b. false
Stoker Corporation applies fixed overhead at the rate of $0.65 per unit. For May, budgeted fixed overhead was $524,745. The production volume variance amounted to $5,070 unfavorable, and the price variance was $11,100 unfavorable.
alam company is a manufacturing firm that uses job-order costing. at the beginning of the year the companys inventory
alberto comapy issues 8 10-year semi-annual bonds with a par value of 350000. on the issue date the annual market rate
Tolan co. purchased 30,6% irick company bonds for 60,000 cash plus brokerage fees of $600. Interest is payable seminannualy on july 1 and january 1. if 15 of the securities are sold on july 1 from $31,000 less $300 brokerage fees, the entry would ..
Consider the key persuasive techniques used in consumer advertising - Critical issues that could arise from the areas - children and Advertising
The general manager was confused because the company had a $9,000 profit, yet seemed, as noted above, $10,000 worse off in its cash position. Explain briefly how, in general, this difference between profit and cash change can happen.
The use of accounting databases enables researchers to obtain data to help answer their questions more efficiently. Using the FASB Codification database and other sources such as the SEC Web site as guides, answer the following questions:
a company pays its insurance on an annual basis. the insurance premiums are 18000 per year. the insurance coverage
gheorghe moresan lumber company handles three principal lines of merchandise with these varying rates of gross profit
Compute the sales level that would generate a 20% return on investment. Supposing the rate of return is 15%, determine the level of sales that would generate $200,000 of residual income.
kansas enterprises purchased equipment for 79500 on january 1 2012. the equipment is expected to have a five-year life
fogerty company makes two products titanium hubs and sprockets. data regarding the two products followdirect
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