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Accounting Discussion
Alpha company purchased a bond investment on January 1, 2017. The bonds have a par of $10,000, pay interest at a 4% annual rate and have 5 years until maturity. What is the total Interest Income that will be reported over the life of the bond investment if the bonds were purchased at 102 and Alpha uses the straight line amortization method?
Prior to the end of an audit, the CFO of your client resigns.
The following information is from the annual financial statements of Waseem Company. Compute its accounts receivable turnover for 2010 and 2011. Compare the two years results and give a possible explanation for any change
Your schedule and statement must be in proper form - this means they should look like they would in an annual report-Prepare a schedule of cost of goods manufactured in good form.
What is the implication of applying accounting concepts wrongly
During April, 1,000 drives were sold. Fixed costs for March were $2 per unit for a total of $1,000 for the month. How much is the contribution margin ratio?
locos operates a chain of sandwich shops. the company is considering two possible expansion plans. plan a would open
The fund waits until the price adjusts, how many shares can be purchased? What is the gain to such illegal trades? Assume 5,000 shares are outstanding.
Investment Accounted for under the Equity Method on July 1, 2011, Fontaine Company purchased for cash 40% of the outstanding capital stock of Knoblett Company.
metal factory provides the following data for the month of october and requests you to compute sales variance by sales
Eric Stupher was trading as a furniture manufacturer and he submits to you the following information relating to the year ended 30th September, 1961.
shepherd cycles sells a variety of bicycles. the business which uses the fifo method began the last quarter of 2013
the empirical evidence reveals that very few firms change their standard prices and standard quantities during the
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