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1. Distinguish between the following values relative to bonds payable:
(a) Maturity value (b) Face value (c) Market value(d) Par value
Shonen Knife Corporation has elected to use the fair value option for one of its notes payable. The note was issued at an effective rate of 11% and has a carrying value of $16,000. At year-end, Shonen Knife's borrowing rate has declined; the fair ..
a current client is considering a change in their corporate structure. they recognize that this will impact their
oneill co. has 296467 in accounts receivable on january 1. budgeted sales for january are 835975. oneill expects to
Megan made two announcements concerning its common stock today. First, the company announced that its next annual dividend has been set at $2.16 a share.
The board of directors plans to pay dividends in the amount of $1 million this year.What amount will go to preferred stockholders? How much will be available for common stock dividends?
Last year, Gransky Corporation's variable costing net operating income was $52,100 and its ending inventory increased by 400 units. Fixed manufacturing overhead cost was $7 per unit. What was the absorption costing net operating income last year?
On January 1, 2013, Robinson Company purchased Franklin Company at a price of $ 2,500,000. The fair market value of the net assets purchased equals $ 1,800,000.
Under the FASB-explain the disclosure requirements for share based compensation. This post should include an example of how the standard should be applied.
The account payable for office furnishings purchased
Beta Corporation incurs a $60,000 regular tax liability and a $20,000 AMT liability. Assuming no restrictions on Beta's ability to use the minimum tax credit, what journal entry would be necessary to record tax expense?
Funtime Inc. makes small toys in a one department production process. Plastic is added at the beginning of the process, all other materials are considered indirect. The following information is available relative to September 2010 production.
Record the second acquisition of McKenzie stock.
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