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On July ,2012 Hallo Corporation , a wholesaler of communication equipment, issued $34,000,000.00 of 20year, 12% bonds at a market (effective) interest rate of 13%, receiving cash of $31,595,241.00 interest on the bonds is payable semiannually on decemeber 31 and june 30. the fiscal year of the company is the calendar year. Journalize the first semiannually interest payment on dec 31 and the amortization of the bond.
Mobile Battery features more than a dozen brands of batteries in many sizes. Two of the brands are PowerPlus and SuperPower. The following information about the two brands was obtained.
Prepare, in good form, the cash flows from operating activities section of the statement of cash flows.
Write some examples of other comprehensive incomeitems. Does reporting of other comprehensive income affect determination of net income and retained earnings?
hope amp crosby co. reports net income of 34000. the partnership agreement provides for annual salaries of 24000 for
The problem that you select must not be trivial. It should be a problem for which computerized support is genuinely required. Problemsdeemed to be overly simple will not receive good marks.
Prepare an income statement for the year ended December 31,2009. Prepare a retained earnings statement for the year endedDecember 31, 2009
When moving from the changes in fund balances in the Statement of Revenues, Expenditures and Changes in Fund Balances to the changes in net assets in the Statement of Activities, what will be the adjustment?
Some accountants have advocated that a company's human assets be measured and included directly in the financial statements. For example, cost of hiring and training an employee would be recorded as an asset that is amortized over the employee's e..
The seller paid transportation costs of $1,000 and issued a credit memorandum for $2,000 prior to payment. What is the amount of cash received by the seller if the invoice is paid within the discount period?
An invoice for 50000 dollar dated feb 22 has payment terms 4/5, 3/20, n/30. A partial payment of 27000 was made on mar 10 a. How much was credeted to the account b. Determine the outstanding balance after this partial payment.
Danni, who is single, maintains a home in which she, her 15-year old brother, and her 21-year old niece live. Danni provides the majority of the support for her brother, her niece, and her cousin, age 18, who is enrolled full-time at teh universit..
During 2009, Von Co. sold inventory to its wholly-owned subsidiary, Lord Co. The inventory cost $30,000 and was sold to Lord for $44,000. From the perspective of the combination, when is the $14,000 gain realized?
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