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On January 1, 2010, Tabor Company sold land with a book value of $50,000 to Wilson Company, accepting a $60,000 note, payable in three $20,000 annual installments beginning December 31, 2010. The note carried no stated interest rate and the fair values of the land and the note were not determinable. An appropriate interest rate for this note is 12%.Required:Prepare the journal entries on Tabor Company's books to record:1. The sale2. The annual interest revenue and receipt of each $20,000 installment
if fixed costs are 1400000 the unit seling price is 240 and the unit variable costs are 110 what is the amount of sales
an employee receives stock options as part of her compensation package. those options allow the employee to purchase
Prepare an answer sheet with the column headings shown here. For each of the following transactions or adjustments, indicate the effect of the transaction or adjustment on the appropriate balance sheet category and on net income
Identify the five components that comprise pension expense. Briefly explain the nature of each component. What is a private pension plan? How does a contributory pension plan differ from a noncontributory plan.
Schedule of cash collected from customers
What do you think about having celebrities and filmmakers being the spokespeople for indigenous peoples?
hanson company is constructing a building. construction began on february 1 and was completed on december 31.
juan acquires a new five-year class asset on march 14 2011 for 150000. this is the only asset he acquired and does not
krause industriesbalance sheetdecember 31 2013assets current assetscashnbspnbspnbsp 7500?accounts
William and Frank are partners whose capital balances are $400,000 and $300,000 and who share profits 3:2. Due to a shortage of cash, William and Frank agree to admit Sammy to the firm.
assume the colorado avalanche purchased new zamboni machine to scrape the ice off the rink between periods. the zamboni
john clinton owner of clinton company applied for a bank loan and was informed by the banker that audited financial
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