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On the first day of the fiscal year, a company issues an $670,000, 6%, five-year bond that pays semiannual interest of $20,100 ($670,000 x 6% x 1/2), receiving cash of $629,800.
Question 1: Journalize the entry to record the first interest payment and the amortization of the related bond discount using the straight-line method.
the hassan corporation has an electric mixer division and an electric lamp division. of a 20000000 bond issuance the
which are sunk are 20 per unit. the market price of x is 70 per unit. beta division of carlson company uses product x
at the beginning of the recent period there were 900 units ofproduct in a department one-third completed. these units
Categorize each of the following as one to one, one to many, or many to many relationships Subsidiary ledgers and general ledgers Transactions and special journals General ledgers to trial balances.
Compute the direct labor rate variance and the direct labor efficiency variance. Indicate whether each variance is favorable or unfavorable
a. determine the present value of 15000 to be paid annually for 10 years discounted at an annual rate of 6 percent.
a companys beginning-of-the-year assets are 60000 and liabilities are 40000. during the year the company reported
U.S. Telephone Cellular sells phone for $100. The unit variable cost per phone is $50 plus selling. How many phones must be sold to achieve the breakeven point?
1. what proposals would you make for alternatives to punishments? would these alternatives work in your community?
Why do some accountants believe that it should offset the year-end inventory balance with a fund balance-non-spendable when no comparable fund balance.
The printing costs and legal fees associated with the issuance of bonds should:
in a recent newspaper release the president of keene company asserted that something has to be done about depreciation.
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