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Prepare journal entries to record the following transactions involving the short term securities investments of Krum Co., all of which occurred during year 2013.
a. On August 1, paid $450,000 cash to purchase Houtte's 9% debt securities ($450,000 principal), dated July 30, 2013, and maturing January 30, 2014 (categorized as available for sale securities). b. On October 30, received a check from Houtte for 90 days' interest on the debt securities purchased in transaction a.
what kinds of risks does a firm like amazon.com face with respect to safeguarding its assets? what types of controls do
logan corporation issued 800000 of 8 bonds on october 1 2006 due on october 1 2011. the interest is to be paid twice a
What types of Internet positions would you expect to see at the company?
An error was discovered during 2007. Specifically, depreciation expense was understated in 2005 resulting in the need for a Prior Period Adjustment of $25,000 before taxes.
an alternative available when the seller is exposed to continued risks of ownership through return of the product
julius company developed the following standard costs for its product for 2012standard cost
windhoek mines ltd. of namibia is contemplating the purchase of equipment to exploit a mineral deposit on land to which
the role of a chief administrative officer for a large non-profit health relief organization. A board of directors has requested that you prepare a summary of the issues about how to solve the health needs of an African country.
rolen inc. is in the process of preparing the fourth quarter budget for 2010 and the following data have been
How the accounting practice can allay client fears about the changes and outline how clients may be able to minimise any negative impacts from these changes?
Set up T accounts for cash, accounts receivable, supplies,merchandise inventory, prepaid expense, , equipment, furniture andfixture, accounts payable, notes payable, contributed capital, sales revenue, cost of good sold (expense), advertising expe..
Use the elements of the fraud triangle discussed in the chapter to identify internal control risks that should have influenced KPMG's position.
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