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Investment in debt securities at premium. On April 1, 2014, West Company purchased $400,000 of 6% bonds for $415,750 plus accrued interest as an available-for-sale security. Interest is paid on July 1 and January 1 and the bonds mature on July 1, 2019. A) Prepare the journal entry on April 1, 2014? B) The bonds are sold on November 1, 2015 at 103 plus accrued interest. Amortization was recorded when interest was received by the straight-line method (by months and round to the nearest dollar). Prepare all entries required to properly record the sale?
What is a cost whose total amount changes in direct proportion to a change in volume?
Discuss the conflict between the need for personal privacy and confidentiality in banking transactions and the need for the government to curtail money laundering activities.
company sells one product for a price of 100.00 per unit. the variable production cost is 40.00 per unit.total fixed
benson and orton are partners who share income in the ratio of 23 and have capital balances of 60000 and 40000
Determine the EOQ before and after the change in the cash discount policy. Translate this into average inventory (in units and dollars) before and after the change in the cash discount policy.
eclispe computer company has been purchasing carrying cases for its portable computer at a delivered cost of 65 per
a corporation has 2 divisions division 1 and division 2. division 1 makes product a product b and product c. those
If Charming Confections Company charges each division 12% for capital employed, compute residual income for the Peanut and Plain divisions. Compute the ROI for each division.
1. provide examples of resources that are temporarily restricted as toa purposeb time andc the occurrence of a specific
why are some assets and liabilities classified as current and other are classified as long-term? explain the favorable
the table below shows the cost in dollars for portable electric generators rated in watts. assume the cost of these
A company $100 million of fixed interest rate bonds payable at $98 million. At year-end, the bonds were selling in the bond market at $97 million. What entry would Moore Company make at year-end to record the change in selling price?
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