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Kim Co. reported bonds payable of $47,000 at December 31, 2010 and $50,000 at December 31,2011. during 2011, Kim issued $20,000 of bonds payable in exchange for equipment. There was no amortization of bond premium or discount during the year. What amlount should Kim report in its 2011 statement of cash flows for redemption of bonds payable?
Calculating Ending Inventory in both units and dollars, Cost of Goods sold, Commission to Manager & Gross Profit for the given period and evaluate cost of goods available for sale and the number of units available for sale.
Evaluate each of the following for every alternative Net income and Earnings per share.
Inc report revenues of $14,892,615, net operating profit after tax of $987,625, net operating assets of $6,124,587. The fiscal 2009 balance sheet reports net operating assets of $5,995,633. Illustrate what is Neptune’s 2010 net operating profit m..
Determine the predetermined overhead rate under the current method, and determine the unit product cost of each product for the current year.
What does it mean for liability on a negotiable instrument to be secondary liability and Under what doctrine should a party who is aware that an instrument is overdue take that instrument and acquire the rights of a holder in due course
Purpose the necessary general journal entries for the month of October for the Seinfeld Company for each situation given below. Seinfeld uses a perpetual inventory system.
What are the income or loss shares of the annual partners if the partnership income is $87,000 - Distribution of Income or loss to partners
Computation of Consideration for purchasing a running Business Firm - determine this amount. Under these conditions, how much should you offer O'Henry? Give your reason."
Calculate the taxable income for 2012 for Aiden on the basis of the following information. Aiden is married however has not seen or heard from his wife since 2010
Evaluate the weighted-average number of shares used in earnings per share calculations?
Calculation of Contribution margin and gross margin using Marginal costing - The company had no beginning or ending inventories and evaluate gross margin for December
equipment for $15,000. Sales tax on the purchase was $900. Other costs incurred were freight charges of $240, repairs of $420 for damage during installation, and installation costs of $270. Illustrate what is the cost of the equipment?
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