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On January 01, 2020, Kristopher Corporation issued $ 100,000 of 8%, 10 Years Bonds for $ 87,538. The Bonds were priced to generate an effective yield of 10% to Investors are dated On January 01, 2020 and semiannual interests on June 30 and December 31.
Question 1: You are required to calculate following:
a. Bond Amortization Schedule on the basis of Effective Interest method.
b. Cost of Borrowing
c. Journal Entry for Issuance of Bond
d. Journal Entry for coupon Payment just for FIRST YEAR
e. Journal Entry for Amortization just for FIRST YEAR
f. Journal Entry at the time of Maturity
What casualty loss deduction from this accident can Jim combine with his other casualty losses in computing his itemized deductions?
What account should be credited in the general fund on the date the grant was received - The grant from the state is an example of what type of non exchange transaction?
Explain the costs involved in the creation of the system. Describe the ongoing maintenance that will be required. Provide a workflow diagram in Visio or equivalent software to illustrate how the system will work.
Judy's estimated tax payments for the current year total $14,000 , and federal income taxes withheld from her salary amount to $12,000. Judy's actual tax liability for the current year is $30,000. Her income was earned evenly throughout the current y..
Prepare the cash flows from operating Activities section of the statement of cash flows, using the indirect method.
Regulation of the Audit Profession and reporting Financial Performance
Chuck, a single taxpayer, earns $177,500 in taxable income and $32,000 in interest from an investment in City of Heflin bonds. If Chuck earns an additional $100,250 of taxable income, what is his marginal tax rate on this income? What is his marginal..
Calculate the cost of goods sold using the FIFO periodic inventory method assuming that two of the three players were sold by the end of December, Marzion Electronics' year-end.
goodwill is reported on a consolidated balance sheet only if it was acquired in the merger or acquisition.nbspnbsp
Fatima inherits a rental property with a fair market value of $90,000 from her aunt on April 30.- How much gross income does Fatima have from these transactions?
calculation of net salesreporting net sales with credit sales sales discounts sales returns and credit card salesnov.
Compute Dow's earnings per share for the year ended December 31, 2013. (Do not round intermediate calculations. Round your answer to 2 decimal places.)
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