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Flamingo Company sold $1,000,000 of 8%, 10-year bonds at 103 on January 1, 2014. The bonds were dated January 1, 2014, and pay interest on July 1and January 1. If Flamingo uses the straight-line method to amortize bond premium or discount, the balance of premium on bonds payable on December 31, 2016 should be:
Corporation has $10 par value common stock with 1000000 shares authorized, and a value of 7000000 before purchasing 3000 shares of common stock. the resulting number of common shares issued and outstanding is?
what are some specific examples of assets and liabilities?why do not-for-profit organizations use a fund accounting
X corp issued a $100,000 5 year bond, stated interest rate on bond at 10% on January 1,2010. Interest is paid annually at the end of the year. the market interest rate was 7%.
wilson wonderss bonds have 12 years remaining to maturity. interest is paid annually the bonds have a 1000 par value
Sales (50,000 units) $1,000,000, direct materials and direct labor $500,000, other variable costs $50,000, and fixed costs $180,000. What is Boswell break-even point in units?
describe three issuesproblems that a company could encounter when trying to determine the actual cost of a good or
The present value of the note at 9% was $1,442,000 at January 1, 2010. What should be the balance of the Discount on Notes Payable account on the books of Leary at December 31, 2010 after adjusting entries are made, assuming that the effective-in..
Design a proposal for the appropriate controls to cover accounts receivable. The proposal must be based on the Apollo Shoes case. Your reading of the Apollo Shoes case should include board minutes and auditor messages and notes.
To be a qualifying child the taxpayer must meet three general tests and five specific tests. What are the three general tests?
Find the present values of the following cash flow streams. The appropriate interest rate is 8%. (Hint: It is fairly easy to work this problem dealing with the individual cash flows.
Mary and Jane, unrelated taxpayers, hold Gray Corporation's stock equally. One year before the complete liquidation of Gray, Mary transfers land (basis of $600,000, fair market value of $180,000) to Gray Corporation as a contribution to capital.
david winner is to retire from the partnership of winner and associates as of the end of the current fiscal year.
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