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Paulson Company issues 6%, four-year bonds, on December 31, 2013, with a par value of $ 200,000 and semiannual interest payments. Use the following bond amortization table and prepare journal entries to record
(a) The issuance of bonds on December 31, 2013;
(b) The first interest payment on June 30, 2014;
(c) The second interest payment on December 31,2014.
if an auditor performs a test of controls and determines that internal controls relevant to cash disbursements are in
assume the following the real risk-free rate r is expected to remain constant at 3. inflation is expected to be 3 next
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explain how each of the following events or series of events and the related adjusting entry will affect the amount of
the following information is for employee james for the week ended march 15total hours worked48federal income tax
gorham manufacturings sales slumped badly in 2012. for the first time in its history it operated at a loss. the
nutall corporation is considering dropping product n28x. data from the companys accounting system appear below sales
the smith company uses a standard cost accounting system and estimates production for the year to be 60000 units. at
An audit client is being sued for $500,000 for discriminatory hiring practices.
on january 1 2010 alsip corp. acquired 30 percent 13000 shares of stone services inc. common stock for 1300000 as a
the following list in alphabetical order shows the various items that regularly appear on the financial statements of
The following financial statements of William Ltd and its subsidiary Adam Ltd have been extracted from their financial records at 30 June 2012.
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