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Questions:
1. How are the bonds issued, what is the appropriate journal entry
2. Provide example for issuing bonds
3. How do we determine the present value of a bond when market rate differs from its contract rate
4. How do we record the interest payment (provide examples for both premium and discount amortization), using the effective interest method?
5. What is the difference between the effective interest method and the straight line method when amortizing either a discount or a premium?
6. Cite and give credit to the author that you are
What additional adjustments would you expect the company to make at year-end that would result in additional revenue as a result of the accounts listed?
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northbank ltd has developed a unique hedge trimmer. market researchindicates that the demand for the trimmer at a unit
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On January 1, Year 1, Phoenix Corporation adopts a performance based share option plan for 25 executives, with the number of shares based on the yearly increase in sales.
Power Corp. reported the following data for calendar 2020: Total assets $625,000 Current assets 325,000. Determine Power Corp.'s inventory turnover for 2020
Why would a law firm ever consider accepting stock of a new corporation having a total par value of USD 320,000 as payment in full of a USD 480,000 bill for legal services rendered? If such a transaction occurred, give the journal entry the issui..
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The period of benefit is 2 years. Prepare Martinez's journal entries for January 1, 2017, and December 31, 2017 and 2018
Thompson Company spent $240,000 to acquire all of Lake Corporation's stock on January 1, 20X2. The balance sheets of the two companies on December 31, 20X3, showed the following amounts:
What is the amount of gain on early extinguishment of bonds?
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