Reference no: EM132598655
Question 1) Gonzalez Company acquired $139,800 of Walker Co., 4% bonds on May 1 at their face amount. Interest is paid semiannually on May 1 and November 1. On November 1, Gonzalez Company sold $52,200 of the bonds for 95.
Journalize entries to record the following in Year 1:
a. The initial acquisition of the bonds on May 1.
b. The semiannual interest received on November 1.
c. The sale of the bonds on November 1.
Question 2) The following equity investment transactions were completed by Romero Company during a recent year:
Apr. 10 Purchased 4,000 shares of Dixon Company for a price of $52 per share plus a brokerage commission of $105.
July 8 Received a quarterly dividend of $0.50 per share on the Dixon Company investment.
Sept. 10 Sold 1,200 shares for a price of $42 per share less a brokerage commission of $90.
Journalize the entries for these transactions.
|
What is the accounting break-even quantity
: What is the accounting break-even quantity? What is the cash break-even quantity? What is the financial break-even quantity?
|
|
Calculate return on equity
: Calculate return on equity for 2017. Assume there were no changes in the Common Shares and Preferred Shares accounts during the year
|
|
Provide the ferguson company journal entries
: On January 4, Provide the Ferguson Company journal entries for the transactions involving its investment in Silva Company during Year 1.
|
|
What is the main group of cancer-causing genes
: What is the main group of cancer-causing genes to which this gene belongs?
|
|
Journalize entries to record the year one
: Journalize entries to record the Year 1, The semiannual interest received on November 1., The initial acquisition of the bonds on May 1.
|
|
Identify some factors that influence shape of yield curve
: Identify some factors that influence the shape of the yield curve. Describe how financial market participants use the yield curve to make decisions.
|
|
Major groups of genes
: Create a TWO major groups of genes that when mutated can cause canceroncogenesproto-oncogenestumor-suppressor genes
|
|
Prepare the entries for yorkshire company for the purchase
: Prepare the entries for Yorkshire Company for the purchase of the stock, the share of Fain income, and the dividends received from Fain Company.
|
|
Determine the dividends in arrears
: Assume that the maximum cash dividend the company can pay in 2017 is $212,000, determine the dividends in arrears, if any, at December 31, 2017
|