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Question: Prepare journal entries to record the following transactions involving the short-term securities investments of Maxwell Co., all of which occurred during year 2011.
a. On February 15, paid $100,000 cash to purchase FTR's 90-day short-term debt securities ($100,000 principal), dated February 15, that pay 8% interest (categorized as held-to-maturity securities).
b. On May 16, received a check from FTR in payment of the principal and 90 days' interest on the debt securities purchased in transaction a.
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Selected accounts from the ledgers of Lockhart Company at July 31 showed the following.
Quayle Corporation reports net income of $380,000 and a weighted average of 200,000 shares of common stock outstanding for the year. Compute the earnings per share of common stock.
What is the purpose of systems analysis?
on september 1 2012 jacob company sold at 104 plus accrued interest 4440 of its 9 10-year 1000 face value
Describe at least three ways that the Sarbanes Oxley Act and the increased attention to corporate governance have put more emphasis on the role of those responsible for the company accounting information systems.
40. Keefe Inc, a calendar-year corporation, acquires 70% of George Company on September 1, 2014, and an additional 10% on January 1, 2015. Total annual amortization of $6,000 relates to the first acquisition. George reports the following figur..
kenseth corporations unadjusted trial balance at december 1 2014 is presented below.debitcreditcash22000accounts
1.On May 28, 2013, Pesky Corporation acquired all of the outstanding common stock of Harman, Inc., for $420 million.
arthurs auto repair shop is considering the purchase of a new computer system for diagnosing engine problems. the
700005 ACCOUNTING INFORMATION FOR MANAGERS. A brief introduction on Corporate Governance, Ethics, Code of Conduct and Business Sustainability
On July 31, 2010, Fenton Company had a cash balance per books of $6,140. The statement from Jackson State Bank on that date showed a balance of $7,695.80. A comparison of the bank statement with the cash account revealed the following facts.
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