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Alberto Comapy issues 8%, 10-year semi-annual bonds with a par value of $350,000. On the issue date, the annual market rate for these bonds is 10%, which implies a selling price of 87½. The straight-line method is used to allocate interest expense. 1.What are the issuer's cash proceeds from issuance of these bonds?
penny arcades inc. is trying to decide between the following two alternatives to finance its new 25 million gaming
Determine the amount borrowed by Gruzik - Assume the amount borrowed was $18,500. What was the interest rate if the amount of interest owed was $555?
in october roby company reports 18290 actual direct labor hours and it incurs 110330 of manufacturing overhead costs.
If your are one of the audit team members who is auditing Starbucks company, suggest some procedures you think the audit team would use to complete their audit work on the the inventory accounts on the balance sheet of Starbucks company.
1. is a cost management technique in which the firm determines the required cost for a product or service in order to
a company has total fixed costs of 200000. its product sells for 25 per unit and variable costs amount to 15 per unit.
Teresa Alvarez, a beginning accounting student, believes debit balances are favorable and credit balances are unfavorable. Is Teresa correct? Why or Why not?
Percy reported net income from its own operations of $720,000 in 2011 and $760,000 in 2012. Smyth reported net income of $400,000 in 2011 and $460,000 in 2012. Neither company declared dividends in either year.
What are the steps in completing the accounting cycle? How do the different steps affect the financial statements? What is the effect on the financial statements of missing a step when completing the accounting cycle?
Discuss the nature of preventive controls that may be designed into an AIS. Give an example and explain how it may prevent fraud or abuse of the system.
a preferred stock paying at 9.6 dividend on a 103 par value what is the preferred stock percentage?a bond is selling to
How much gain or income will Ben recognize on his contribution of the land to the partnership? What is the character of any gain or income recognized?
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