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Problem 1: On January 1, 2017, Martian Manhunter Company sold land costing P600,000 and received in exchange a four- year, with a face amount of P1,000,000 bearing an interest rate of 6%. The stated rate on the note was determined to be substantially low compared to the prevailing rate for a similar transaction being at 12%. Martian Manhunter Company uses the calendar year for reporting purposes. What is the discounted value of the note?
Prepare a master budget for each of the first three months of 2012, include the following component budgets - Monthly merchandise purchases budgets
Is there is any special item reported in current and previous year of income statement? If yes explain in detail to which category, it belongs?
hoover printing is considering buying a binding machine to supplement their printing business. the cost of the machine
The following is selected financial information for Amity Company as of December 31, 2013: liabilities, $44,000; equity, $46,000; assets, $90,000.
On September 1, Jordan Corp., issued 10,000 "units". Prepare the entries to reflect the issuance of the Units on September 1
A company plans to float $25 million in bonds and $10 million in preferred stock. The current price of it's preferred stock is $50 and it pays $2.60.
Marcie Davies owns and operates Gemini Advertising Services. Prepare a retained earnings statement for the year ended December 31, 2015
hartzog corporations most recent balance sheet and income statement appear belowstatement of financial position
The company purchased $3,500 of office supplies and $1,500 of office equipment on credit. Determine the company net transaction
The units produced for the first product are 11,000, with 10,000 shipped to customers. What is the cost per unit for the first product
Prepare journal entries to record above transactions, including the closing entries for net income and dividends declared mentioned in items 3 through 6 above.
morningside nursing homea not-for profit corporationis estimating its corporate cost of capital.its tax-exempt debt
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