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Truestar Communication issued $90,000 of 9%, 10-year bonds payable on August 1, 2012, at par value. Truestar's accounting year ends on December 31.Requirements R1. Journalize the issuance of the bonds on August 1, 2012. R2. Journalize the accrual of interest expense on December 31, 2012. R3. Journalize payment of the first semiannual interest amount on February 1, 2013.
Plot the date of your answer to above inthe form contribution sales graph known as profit volume graph. and to comment on the result shown and state the break- even point.
Since the VP's trust you, they asked you to figure out the most they should pay for a license from SohnCo and how does this strategy work for them? Are they better off licensing or being aggressive?
The managing partners are located in Chicago. YOUCPA also provides tax preparation and information consulting to customers and is an approved PCOAB audit firm.
Cost of goods sold, ending inventory and gross profit
Evaluate the basic earnings per share for 2008 and evaluate the diluted earnings per share for 2008.
Evaluate the amount of depreciation that can be taken in the first two years of the truck's useful life if the actual miles driven are 16,000 and 18,200, correspondingly.
Assess financial accounting standards as they relate to presentation and disclosure in general purpose financial statements and evaluate, measure, value and present financial statements in conformity with GAAP relating to assets
Journalize and post the closing entries. Indicate closed accounts by inserting a line in both balance columns opposite the closing entry and prepare a post-closing trial balance.
What are the relevant factors in the decision and which alternative is in the best interest of the company over the next two years? Show your calculations.
Compute the predetermined overhead rate, using direct labor dollars as the allocation base and record the entries for all costs and revenues in T accounts and verify the ending balance in the Work in Process Inventory account.
Freda acquired a passive activity this year for $870,000. Gross income from operations of the activity was $160,000. Operating expenses, not including depreciation, were 122,000. Regular income tax depreciation of $49,750 was computed under MACRS.
Evaluate the maximum profits that Greentown can earn and the customer mix and quantity by which that profit will be achieved.
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