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X was interesting in ivesting in bonds and , on 01/01/12 purchased 10% bonds dated january 1, 2012. These bonds had a face amount of $10 million, pay interest on 6/30 and 12/31, and mature in 10 years. For bonds of similar risk and maturity, the market yield is 12%. X uses the effective interest method. (1) prepare X's entry to record the bond purchase. (2) prepare X's entry on 6/30/2012 and on 12/30/2012 to record interest.
When a multi product factory operates at full capacity, decisions must be made about what products to emphasize. In making such decisions, products should be ranked based on multi choice:
in 1999 a seattle mannbsptook a popular soft-drink company seriously when one of its commercials made an offer of a
consider the following information pertaining to a years operations of youngstown manufacturingunits sold 1400units
lambert invests 10000 for a 13 interest in a partnership in which the other partners have capital totaling 26000 before
on january 1 2011 harrison inc. acquired 90 percent of starr company in exchange for 1125000 fair-value consideration.
analyse the folowing costs betweeni direct materialsii direct labouriii
pryce company owns equipment that cost 62400 when purchased on january 1 2011. it has been depreciated using the
baxter inc. owns 90 percent of wisconsin inc. and 20 percent of cleveland company. wisconsin in turn holds 60 percent
On December 31, 2008, Kean Company changed its method of accounting for inventory from weighted average cost method to the FIFO method. This change caused the 2008 beginning inventory to increase by $420,000. The cumulative effect of this accounti..
1.when a flexible budget is used in performance evaluation actual costs are compared to what the costs should have been
Beverly Crusher is a licensed CPA. During the first month of operations of her business (a sole proprietorship), the following events and transactions occurred.
contributed capitalpreferred stock par 20 authorized 10000 shares. ? issued of which500 shares are held as treasury
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