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Balance sheet and income statement data indicate the following: Bonds payable, 10% (issued 1988 due 2012) $1,000,000 Preferred 5% stock, $100 par (no change during year) 300,000 Common stock, $50 par (no change during year) 2,000,000 Income before income tax for year 350,000 Income tax for year 80,000 Common dividends paid 50,000 Preferred dividends paid 15,000 Based on the data presented above, what is the number of times bond interest charges were earned (round to one decimal point)?
Prepare the companys cash budget for October in good form.
on september 30 2011 ace electronics issued 100000 of 10-year 8 bonds at 100. the bonds pay interest semiannually on
dymac appliannces uses the periodic inventory system. details regarding the inventory of appliances at november 1 2013
rad technologies inc. is considering a new just-in-time product cell. the present manufacturing approach produces a
supply club inc. sells a variety of paper products office supplies and other products used by businesses and individual
lester enterprises comparative balance sheets included inventory of 90200 at december 31 2011 and 70600 at december 31
in eight years kent duncan will retire. he is exploring the possibility of opening a self-service car wash. the car
If Pisa, Inc.'s incremental borrowing rate is 10% and the rate implicit in the lease (which is known by Pisa, Inc.) is 8%, what is the amount recorded for the leased asset at the lease inception?
charles is a single person age 35 with no dependents. in 2010 charles has gross income of 75000 from his sole
Evaluate the accounting ethics of creating, initiating, or adjusting transactions to repatriate excess cash for multinational firms in transfer pricing decisions and suggest a way that this practice may be implemented.
paige company has completed all of its operating budgets. the sales budget for the year shows 50000 units and total
the manufacturing overhead budget at latronica corporation is based on budgeted direct labor-hours. the direct labor
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