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On July 31, 2017, Marigold Company engaged Minsk Tooling Company to construct a special-purpose piece of factory machinery. Construction was begun immediately and was completed on November 1, 2017. To help finance construction, on July 31 Marigold issued a $322,800, 3-year, 12% note payable at Netherlands National Bank, on which interest is payable each July 31. $222,800 of the proceeds of the note was paid to Minsk on July 31. The remainder of the proceeds was temporarily invested in short-term marketable securities (trading securities) at 10% until November 1. On November 1, Marigold made a final $100,000 payment to Minsk. Other than the note to Netherlands, Amsterdam's only outstanding liability at December 31, 2017, is a $32,800, 8%, 6-year note payable, dated January 1, 2014, on which interest is payable each December 31. 1. Calculate the interest revenue, weighted-average accumulated expenditures, avoidable interest, and total interest cost to be capitalized during 2017.
The adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense; and
Notes payable interest accrual and payment. Proco had an account payable of $84,000 due to Shirmoo, Inc., one of its suppliers.
on january 1 2013 company had the following account balances.common stock 1.00 par value 100000 shares issued amp
The phone bill for a corporation consists of both fixed and vvariable xosts. If the company uses 380 minutes in May, how much will the total bill be
What is the theoretically correct way to value liabilities? How are current liabilities usually valued? What are accrued liabilities
Explain the accounting alternatives that Bonanza Trading Stamps, Inc. should consider for the recognition of its revenues and related expenses.
At the beginning of the year, Grillo Industries bought three used machines from Freeman Incorporated. The machines immediately were overhauled, were installed, and started operating. Because the machines were different, each was recorded separatel..
ABC, retail product-line profitability. Fitzgerald Supermarkets (FS) operates at capacity and decides to apply ABC analysis to three product lines.
washington company produced and sold 50000 units of product and is operating at 80 of plant capacity. unit information
Use the Internet to research budget planning and control. Imagine that the company that you currently work for, have previously worked for, or would like to work for in the future has tasked you with preparing a budget plan.
Buehler Company on June 14 sells merchandise on account to Chaz Co. for $1,000, terms 2/10/n, n/30. Chaz Co. returns merchandise or $300 to Buehler Company on June 17. On June 24, payment is received from Chaz Co. for the balance due. What should ..
sam who earns a salary of 400000 invested 160000 for a 40 working interest in an oil and gas limited partnership not a
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