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Deng Company issued $566,000 of 5-year, 8% bonds at 97 on January 1, 2011. The bonds pay interest twice a year.Prepare the journal entry to record the issuance of the bonds.Compute the total cost of borrowing for these bonds.Prepare the journal entry to record the issuance of the bonds, assuming the bonds were issued at 104.Compute the total cost of borrowing for these bonds.
The payroll costs for the year were $100,000, and the accounting costs for the year totaled $50,000. The departments and the average cost of store equipment and average cost of inventory for each are as follows:
What is Margaret's adjusted basis in her partnership interest in MP Partnership at the end of 2012?
Investment income and related expenses amount to $7,000 and $500, respectively. What is Mike and Sally's interest deduction for the 2010 tax year?
Compute the cumulative effect of the change in accounting principle from weighted-average to FIFO inventory pricing.
on april 1 2010 fin co. purchased 160000 of 6 bonds for166300 plus accrued interest as an available-for-sale security.
1 janie graduates from high school in 2013 and enrolls in college in the fall. her parents pay 4000 for her tuition and
clemente co. owned all of the voting common stock of snider co. on january 2 2010 clemente sold equipment to snider for
The following table contains information about four projects in which Hughes corporation has the opportunity to invest. This information is based on estimates that different managers have prepared about their potential project (see attached table)
you are a hometown accountant. the capital project fund has just been created to account for resources received and
Soft Cushion Company (SCC) is highly decentralized. Each division is empowered to make its own sales decisions. The Assembly Division can purchase a key component-stuffing-from the Production Division or from external suppliers.
1. Mary owns a drapery business and in 2014 sold three sewing machines for $6000. She purchased the machine for $5000 in 2012 and claimed depreciation of $3000. What are the amount and the correct nature of Mary's gain?
journalize the following transactions using the allowance method of accounting for uncollectible receivables. april 1
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