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On November 7, 2013, Mura Company borrows $ 160,000 cash by signing a 90 day, 8% note payable with a face value of $ 160,000.
(1) Compute the accrued interest payable on December 31, 2013,
(2) Prepare the journal entry to record the accrued interest expense at December 31, 2013,
(3) Prepare the journal entry to record payment of the note at maturity.
a company desires to sell a sufficient quantity of products to earn a profit of 120000. if the unit sales price is 20
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Why might overhead be under-applied and how can you prevent it? Explain predetermined overhead rate and show its computation. What is the best allocate base to use and why? What factors do you consider when deciding on an allocation base?
Journalize the partnerships transaction to admit Haskell to the partnership and must Stouse accept Haskell as a full partner? What right does Haskell have after purchasing St. Paul's interest in the partnership?
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rohan corporation holds assets with a fair value of 150000 and a book value of 125000 and liabilities with a book value
Problem 1: J.C. Clendenin accounts for installment sales by reporting income in the proportion of the collections to the selling price.
The company requires a minimum pretax return of 12% on all investment projects. The net present value of the proposed project is closest to:
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