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1. On July 1, 2010, Roberts Corporation issued $3,000,000 of 9% bonds payable in 20 years. The bonds include detachable warrants giving the bondholder the right to purchase for $30 one share of $1 par value common stock at any time during the next 10 years. The bonds were sold for $3,000,000. The value of the warrants at the time of issuance was $100,000. Prepare the journal entry to record this transaction.
aaron corporation is projecting a cash balance of 30000 in its december 31 2013 balance sheet. aarons schedule of
On January 1, 2005, Solomon Company purchased the following two machines for use in its production process. Calculate the amount of depreciation expense that Solomon should record for machine B each year of its useful life under the following assum..
Prepare a performance report for all costs, showing flexible budget variances (indicate F or U).
jones company has never had any treasury stock transactions. on june 1 of the current year they purchased 100 shares of
an open-pit mine must fund an account now to pay for maintenance of a tailing pond in perpetuity after the shuts down
1. irrespective of how capital assets are aquired they are recorded differently in overnmental funds than in business.
in 2004 coke reported an increase in accounts receivable of80 million and an increase in inventory of 168 million. they alsoexperience an increase in accounts payable of 225 million and adecrease in accrued income taxes payable of 225 million. cal..
In 2010, CCP suffers a loss of $30,000, and Christie withdraws $10,000. What are the tax consequences for Christie of this investment in 2009 and 2010?
thinken technology recently merged with college electronix ce a computer graphics manufacturing firm. in performing a
after the accounts are adjusted and closed at the end of the fiscal year accounts receivable has a balance of 471200
1.mehta company traded a used welding machine cost 12510 accumulated depreciation 4170 for office equipment with an
herzogg company organized in 2012 has the following transactions related to intangible assets. 1212 purchased patent
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