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The December 31, 2005, balance sheet of Far Imports includes the following items:The bonds were issued on December 31, 2004, at 97, withInterest payable on June 30 and December 31 of each year.On January 2, 2007, Far Imports retired $400,000 of thesebonds at 98.Prepare the journal entries to record retirement of the bonds,Including accrual of interest since the last payment andamortization of the discount.9% bonds payable due 12/31/2014................................$800,000Discount on bonds payable.................................... 22,472
Consider two individuals with endowments of 60 hours per week of leisure, nonlabour income of $Y per week, and a wage of $7.50. At this wage assume that workers are constrained by
Brabham Enterprises manufactures tires for the Formula One motor racing circuit. For August 2011, Brabham budgeted to manufacture and sell 3,000 tires at a variable cost of $74
how do you figure out to do adjustments
a company is evaluating a project requiring capital expenditure of 620,000. estimated life of project is four years and no salvage value. estimated net income and net cash flow fro
Group retained profits Retained profits ideally should be the amounts that can be distributed as dividends. Therefore, in arriving at group retained profits, careful attention s
A portfolio consists of the following three assets A, B and C. (a) Assuming a risk-free rate of 5.85 per cent and an expected return on the market of 13.60 per cent, calculate t
In our discussion so far, we have supposed that the compounding is done yearly, here let us see the case where compounding is complete more often. In such case the equation (1) is
calculate the ratios of the company called ''Apple''
Motivation is said to be an internal state that energises an individual to engage in certain types of behaviours. This process is triggered when the individual experiences certain
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