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A company constructs a building for its own use. Construction began on January 1 and ended on December 30. The expenditures for construction were as follows: January 1, $550,000; March 31, $650,000; June 30, $450,000; October 30, $750,000. To help finance construction, the company arranged a 8% construction loan on January 1 for $800,000. The company's other borrowings, outstanding for the whole year, consisted of a $4 million loan and a $6 million note with interest rates of 13% and 10%, respectively.Assuming the company uses the weighted-average method, calculate the amount of interest capitalized for the year.
eppes plating company plans to sell 120000 units of a certain product line at a price of 6. there are 10000 units of
marc and michelle are married and earned salaries this year of 64000 and 12000 respectively. in addition to their
a company has bonds outstanding with a par value of 100000. the unamortized discount on these bonds is 4500. the
Briefly discuss the operating performance and financial positions of Sepracor Industry averages for these ratios in 2007 were ROA 3.5%; Return on Equity 16%; and Debt to Assets 75%. Based on this analysis, would you make an investment in the compa..
Two years later the bond is converted when the market value of the stock is $150. Prepare the entries at the date of issuance and at the date of conversion.
here is the questionpresented below is the income statement
describe how the perpetual inventory system works. what are some advantages of using the perpetual inventory system? is
1. On January 1 of the current year, Scott borrows $80,000, pledging the assets of his business as collateral. He immediately deposits the money in an interest-bearing checking account.
presented below are the components in gates companys income statement.determine the missing amounts.nbspnbspsales
occidental produce company has 40000 shares of common stock outstanding and 2000 shares of preferred stock outstanding.
Assuming that a periodic inventory system is used, what is the company's gross profit using FIFO - What entry should Calvin make on April 30th?
Compute pension expense and prepare the journal entry to record pension expense and the employer's contribution to the pension plan in 2010. Preparation of a pension worksheet is not required. Benefits paid in 2010 were $35,000.
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