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Question: On January 2012, Lower Under Co announced an offer to issue bonds with a $200,000 par value, a 10% annual contract rate with interest payable semi-annually, and with a three-year life to gain some liquidity given the current market conditions. Interest payments are due on April 1 and October 1 of each year. Lower Under agrees to make six payments over the three years of the bond. Bonds are issue on April 1st 2012, maturity date is April 1, 2015 and the market rate on April 1st 2012 is 8%. Lower Under Co. closes its books annually on December 31 and uses the effective interest method.
Sales for the year totaled 270 units, leaving 10 units on hand at the end of the year. What is the ending inventory using the LIFO method
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on march 1 2008 jackie chan company sold its 5-yeat 1000 face value 9 bonds dated march 1 2008 at an effective annual
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?The Board of Directors (BOD) of MCB consists of eight members ?with experiences of more than 20 years. Due to their experiences, ?four directors are paid doubl
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