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Question - Flint Inc. manufactures cycling equipment. Recently, the vice president of operations of the company has requested construction of a new plant to meet the increasing demand for the company's bikes. After a careful evaluation of the request, the board of directors has decided to raise funds for the new plant by issuing $3,205,500 of 10% term corporate bonds on March 1, 2017, due on March 1, 2032, with interest payable each March 1 and September 1, with the first interest payment on September 1st, 2017. At the time of issuance, the market interest rate for similar financial instruments is 12%.
As the controller of the company, determine the selling price of the bonds.
Compute the weighted-average number of shares outstanding if the 32,400 shares were issued for cash
presented below is pre-tax financial information of the mickey corporation for 20x8.cost of goods
Cronan, Inc., sells $1,000,000 general obligation bonds for 98. Compute the amount of both the quarterly and the total annual cash interest
Financial statements of continental airlines
Made in full at the start of the boating season, April 1, 2015. Slips for the next season may be reserved if paid for by December 31, 2014. Under a new policy, if payment is made by December 31, 2014, a 5% discount is allowed. The boating season ends..
Sophie County allows its employees to earn 10 days of vacation leave every year. It also allows employees to accumulate vacation leave and to receive cash for up to 20 days of leave on termination or retirement
Calculate the sample size and sampling interval.
he product costs are the direct materials, direct labor, and manufacturing overhead that a manufacturer uses to make its products. Product costs are sometimes known as inventorial costs in some industries
Gansac Publishing Company signed a contract with an author to publish her book. The signing took place on January 1, 2016, and a payment of $20,000 was made to obtain a copyright. Gansac expects to sell 200,000 books evenly between 2016 and 2020 ..
On December 22, 2012, Tim's entertainment business sponsored a Canadian festival in a rented auditorium at a local college. What amount can Tim deduct in 2012
frontier sports sells hunting and fishing equipment and provides guided hunting and fishing trips. frontier sports is
What FASB covers the reporting and accounting of goodwill? What is the difference between old goodwill reporting and new goodwill reporting?
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