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Company Y began business in Feb 2012 ,by the end of the calendar year , it had biled it is clients for 3.5 million of services and had incurred $ 800,000 of operation expenses. As of december 31 ,it had collected $ 2.9 million of its billings and had paid $ 670,000 of its expenses . it expects to collect the remaining outstanding bills and pay the remaining expenses by March 2013 , Company Y adopted a caleander year for fedrel tax purpose .It may use either the cash method or the accrual method of accounting on its first tax return , and has asked you to quantify the value of using the cash method for the first year .In doing so ,assume company Y uses 7 % discount rate to compute NPV.
Determine the market price and related interest expense of an $800,000, ten-year, 10% (pays interest semiannually) bond issue sold to yield an effective rate of 12%.
one of the operations in the united states postal service is a mechanical mail sorting operation. in this operation
carolyn who earns 400000 is required to pay john her ex-husband 200000 as part of the property settlement as a result
Allen invests $20,000 cash and Anne invests land that originally cost $20,000 in their new partnership. The land is now worth $35,000. Which of the following is the balance in Anne's capital account?
hanson company is constructing a building. construction began on february 1 and was completed on december 31.
The records of Marshall Company
She does remember that the machine has a projected life of 10 years. Based on these data, the annual cost savings are:
Prepare the journal entries on the lessee's books to reflect the signing of the lease agreement and to record the payments and expenses related to this lease for the years 2011 ans 2012. kimberly-clark's corporate year end is december 31. Show all..
federal semiconductors issued 11 bonds dated january 1 with a face amount of 880 million on january 1 2013. the bonds
write a 350- to 500-word paper in which you differentiate between valuation depreciation amortization and depletion. is
the bear corporation will begin business operations on january 1 2012. below is the anticipated sales budget in
Compute equivalent units of production for materials and for conversion costs and determine the unit costs of production and show the assignment of costs to units transferred out and in process.
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