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Eder Fabrication borrowed $55 million and issued a nine-month, 13% promissory note. Interest was payable at maturity. Prepare the journal entry for the issuance of the note and the appropriate adjusting entry for the note at December 31, the end of the reporting period. Record the issuance of the note and record the issuance of the interest note.
determine the statistical significance of an equation. given the following information test the slope of the equation
Discuss the purpose of the accounting information system and why it's important for an accounting major to understand it.
explain how the federal income tax structure affects the choice of financing use of debt versus equity of u.s. firms.
Write an article
Much has been written about accounting the accounting fraud and subsequent bankrupt of world com. The baltimore sun reported that "the fraud was brazen and easy to spot.
Amortization of excesses in periods subsequent to the purchase would affect which sections of a cash flow statement?
Watters umbrella corp issued 12 year bonds 2 years ago at a coupon rate of 7.8%. The bonds make semiannual payments. If these bonds currently sell for 105% of par value, what is the YTM?
Company has bonds outstanding with a par value of $110,000. The unamortized premium on these bonds is $3,400. If the company retired these bonds at a call price of 94, the gain or loss on this retirement is:
The pecking order theory of capital structure rests on an assumption
Prepare the entry on P Company's books to record the effect of the issuance assuming the cost method.
A company purchased $1,500 of merchandise on credit with terms 3/15, n/30. How much will be debited to Accounts Payable if the company pays $485 cash on this account within ten days?
1 what is a spreadsheet?2 what is the main benefit of electronic spreadsheets?3 how do formulas for
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