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Question: On January 1, 2017, Babb Trailers, Inc issued $6,500,000 of par value bonds for $6,200,000. The bonds pay interest semiannually on January 1 and July 1. The contract rate of interest is 3% while the market rate of interest for similar bonds is 5%. The bond premium or discount is being amortized at a rate of $10,000 every six months. The life of these bonds is.
Bill's received $1,300 from credit sales made to customers last month (in June). Prepare journal entries to record the above transactions
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a project will require an initial investment of 300000 and will return 75000 each year for eight years. if taxes are
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How do the accounting methods used for investments involving a significant influence and investments involving control differ?
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