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Question 1: On Jan. 1, 2018, Buddy, Inc. issued $600,000, of 10% bonds, due in 5 years. The bonds pay interest semi-annually on July 1 and January 1. The bonds effective yield 8%. Buddy uses the effective-interest method (see PV Tables next page). Prepare Buddy's journal entries for a thru c.
The January 1 issuanceThe July 1 interest paymentThe December 31 adjusting journal entryCreate a full Bond Amortization Schedule
Question 2: On Jan. 1, 2018, Buddy, Inc. issued $600,000 of 10% bonds, due in 5 years. The bonds pay interest semi-annually on July 1 and January 1. The bonds effective yield 12%. Buddy uses the effective-interest method (see PV Tables next page). Prepare Buddy's journal entries for a thru c.
Given the following, calculate the GDS and TDS ratio, comment if they are acceptable and why: Gross income $75,000 and Income taxes 20,000
Each field of work has one or more professional organizations that issue standards for that field. For Psychology it is APA; for educational leadership.
Why is the sales budget so important to the budgeting process?
JIM realizes the importance of being a good corporate citizen and makes generous contributions to worldwide charitable organizations.
The firm has preferred stock outstanding that pays a constant dividend of $3.39 per year. What is the form cost of preferred stock financing
Prepare a report that shows the effect on the company's total net operating income of buying part B76 from the supplier
Sales to Doone amounted to $340,000 in 2012 and $440,000 in 2013. What is the noncontrolling interest's share of Rockne's 2013 income
Assuming that the revenue is earned ratably over the 3-month period, what adjusting journal entry should be made at January 31?
Compute the financial ratios for the current year showing your calculations. Evaluate the company's financial health based on the results.
Determine the amount of value-added and non-value-added lead time and the value-added ratio in this process for an average stereo unit in a batch of 80 units
To increase sales, Pronghorn Inc., Prepare the journal entries for cash sales including the issuance of loyalty points for Pronghorn in 2020.
nbspnbspnbspnbsp1.nbspnbspnbspnbspaccounts that are not closed to a zero balance at the end of each
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