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Adani Inc. sells goods to Geo Company for $11,000 on January 2, 2012, with payment due in 12 months. The fair value of the goods at the date of sale is $10,000. Prepare the journal entry to record this transaction on January 2, 2012. How much total revenue should be recognized on this sale in 2012?
At the purchase date, the excess of Wallace's cost over its proportionate share of Goldman's book value was assigned to goodwill. On December 31, 2010, what is the Investment in Goldman Company balance (equity method) in Wallace's financial record..
miller corporation began operations on january 1 2014 with a beginning inventory of 10600 at cost and 14000 at retail.
sande corporation makes a product with the following standard costs in november the companys budgeted production was
If investors required a rate of return equal to 12 percent on similar-risk bonds and interest bonds and interest is paid semiannually, what should be the market price of Buner's bonds?
Cassie just won the lottery, and she must choose between three award options. she can elect to receive a lump sum today of $61 million, to receive 10 end of year payments of $9.5 million, or to receive 30 end of year payments of 5.5 million.
Barry's Steroids Comapny has $1,000 par value bonds outstanding at 12 percent interest. The bonds will mature in 50 years. Compute the current price of the bonds if the percent yield to maturity is:
write a short summary explaining the following search online sources for business headlines from the last 6 months.
batpro makes metal baseball bats. each bat requires 1 kg. of aluminum at 20 per kg. and 0.50 direct labor hours at 16
If offered alone, at this time, the bonds would have been issued at a 22% discount. Prepare the journal entry for the issuance of the bonds and warrants for the cash considered received.
Prepare a journal entry for the taxes of Winston County's General Fund on July 1, 2005, the date on which the property taxes for the fiscal ending June 30, 2006, were billed to taxpayers.
A company bought a new machine for $27,000 on January 1. The Machine is expected to last 10 years and have a residual value of $4,000. If the company uses the double-declining balance method, accumulated depreciation at the end of year 2 will be:
for 2010 kuhlman corporation reported net income of 28000 net sales 400000 and average shares outstanding of 6000.
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