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Harveys Corporation borrowed $113,000 from the bank on November 1, 2014. The note had a 8 percent annual rate of interest and matured on April 30, 2015. Interest and principal were paid in cash on the maturity date.a. What amount of interest expense was paid in cash in 2014?
b.What amount of interest expense was reported on the 2014 income statement?
c.What amount of total liabilities was reported on the December 31, 2014, balance sheet?
d.What total amount of cash was paid to the bank on April 30, 2015, for principal and interest?
e.What amount of interest expense was reported on the 2015 income statement?
Robert deposits $150 monthly into a retirement account that has an APR of 5% with monthly compounding. What will this be worth in 40 years from today if it has $5,000 in it today?
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Albacore issued a 10% stock dividend on June 30, 2009. On September 30, 2009, 12,000 shares of common stock were reacqured as treasure stock. What is the appropriate number of shares to be used in the basic earning per share computation for 2009?
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