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The Silk Corporation has outstanding $200,000 of 8 percent bonds callable at 104. On December 1. Immediately after the payment of the semiannual interest and the amortization of the bond discount were recorded, the unamortized bond discount equated $ 5,250. On that date, $120,000 of the bonds were called and retired. Prepare the entry in journal form to record the retirement of the bonds on December 1.
you need to know how annuities work because many financial planners advise their clients to have them for retirement
A 14- year old girl is missing after having an argument with her parents. They call the police at midnight on May 28. A police investigator shows up within 30 minutes to interview them and finds out that the girl spent a lot of time on the interne..
siburo company issued 300000 11 10-year bonds on january 1 2011 for 318694. this price resulted in an
Sanchez Co. sells flags with team logos. Sanchez has fixed costs of $ $602,000 per year plus variable costs of $5.50 per flag. Each flag sells for $12.50.
Which of the following is a correct statement of one of the capitalization criteria?
which of the following is not one of the activities shown on the statement of cash flows? accounting
There was no beginning inventory at 1/1/09. Production was 20 units per year in 2009-2011. Sales was 20 units in 2009, 16 units in 2010, and 24 units in 2011. Income under absorption costing for 2010 is:
Is it appropriate to use a hybrid of the percentage of sales and the percentage of receivables methods of calculating the allowance for doubtful accounts?
The following data relate to direct labor costs for the current period:
West County Bank agrees to lend Drake Builders Company $100,000 on January 1. Drake Builders Company signs a $100,000, 6%, 6-month note. What is the adjusting entry required if Drake Builders Company prepares financial statements on March 30?
A) calucate the basic earrings per share of common stock for the year ended Jan 31,2011
If a firm issues a bond to raise money to finance a project, does this debt financing yield a zero net present value? ( assuming that the market is efficient in pricing and tax consequences are irrelevant). yes or no. explain?
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