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Question - On January 1, 2016, a corporation issued P'6,400,000 12% 10-year bonds payable for P6,782,400. Interest is payable every June 30 and December 31. The effective interest rate for bonds of this type is 11%.
On October 1, 2020, P800,000 bonds were reacquired at 105 plus accrued interest. Determine interest expense recorded in 2020. Round present value factors to four decimal points.
The following standards for variable manufacturing overhead have been established for a company that makes only one product: What is the variable overhead efficiency variance for the month?
Prepare journal entries in good form to record the foregoing transactions for the fiscal year ended June 30, 2011 and prepare a statement of activities for the year ended June 30, 2011.
Discuss whether Easyloan Bank Ltd can enforce the guarantee and mortgage (contracts) against ABC Pty Ltd. You should support your answer with reference to relevant sections of the Corporations Act 2001 and to relevant cases.
Prepare all journal entries necessary to record the events related to the warranty transactions during the year. Determine the adjusted ending balance
In a fixed order quantity system (Q-system), the daily demand for a product is approximately normally distributed with a mean of 91.2 and a standard deviation of 23.6 units. The order lead time is 17 days. What is the appropriate reorder point (in un..
A static budget-is useful in evaluating a manager's performance by comparing actual variable costs and planned variable costs.
Epstein completed the acquisition, Prepare year-end adjusting journal entries to record amortization expense on the intangibles at December 31, 2021.
question you are the chief financial officer cfo of a firm that is being sued for damages it caused. it is the end of
What the estimated total cash collections for October 2018 from accounts receivable would be? 10 percent collected in the second month after sale
If the tax rate is 21 percent and the discount rate is 9 percent, what is the NPV of this project? (Do not round intermediate calculations and round answer)
During the current year, common shareholders received a dividend distribution. How much in preferred dividends was paid during the current year?
A gold mine can be purchased for $100 million. Determine the ROR if this investment for the following cases. The estimated useful life of the mine is 10 years.
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