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Question - Sean Company Issued 10 Year bond with a par value of $800,000 on 1/1/07 for $900,000. Interest is Payable annually on 12/31. On 1/1/12 Pierre Company purchased all of Sean's bonds for $950,000. Sean is 60% owned subsidiary of Pierre. Both Companies Use straight line method.
A. Compute the gain or loss on the retirement of debt.
B. Prepare in general journey form the intercompany bond elimination entries for the consolidated statement work papers on 12/31/12.
an increase in the accounts receivable account of a company from 40000 at the beginning of the year to 60000 at the end
Write a paper of no more than 750 words in which you respond to the Broadening Your Perspective 18-1 activity titled "Decision Making Across the Organization" in Ch. 18 of Accounting.
A deposit of $14,249.84, representing cash receipts of April 30, did not appear on the bank statement. Outstanding checks totaled $7,293.64.
However, a building (with a nine year remaining life) in Brey's accounting records was undervalued by 18,000. Pitino assigned the rest of the excess fair value over book value to Brey's patended technology (Six year remaining life).
On July 25, 2014, Tokar leaves the company. Prepare the journal entry (if any) to account for this forfeiture.
On 1 July 2015, WC Ltd acquired all the shares in SC Ltd for $400,000. Prepare the consolidation worksheet journal entries for the year ended 30 June 2017
although sloan company had satisfactory earnings reports in 20x5 and 20x6 it reported a negative retained earnings
JC Accounting performs two types of services, Tax and Consulting. JC's overhead costs consist of computer support, $200,000; and legal support, $100,000. Information on the two services is:
Would you recommend the acceptance of proposal? Why or why not? Prepare a short, double-spaced paper in MS Wordelaborating on and supporting your answer.
Under GASB rules for the financial reporting entity a. component units are included if the primary government is financially accountable for their operations B. counties are component units of the state government
Identify and describe several types of financial information that would be more appropriate for Greg to review when evaluating the performance of segment managers.
the management of volare company expects that every 9 increase in the selling price of one of the companys products
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