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Leoni Co. receives $277,000 when it issues a $277,000, 13%, mortgage note payable to finance the construction of a building at December 31, 2011. The terms provide for semiannual installment payments of $23,083 on June 30 and December 31. Prepare the journal entries to record the mortgage loan and the first two installment payments: 2011 Dec. 31, 2012 June 30, 2012 Dec. 31
george dick an employee of plum corporation drove his car a total of 17.966 miles during 2008. of the total miles
The total fixed costs of $50,000 are allocated on the basis of sales volume across the three product lines. The small product line has 30% of the sales volume. What is the differential income or loss from discontinuing the small speaker product li..
The vehicle cost $23,000 and its estimated salvage value is $1,500. After 4 years of straight-line depreciation, the asset's total estimated useful life was revised from 8 years to 6 years and there was no change in the estimated salvage value. Th..
One criticism not normally aimed at a balance sheet prepared using current accounting and reporting standards is
Compute the efficiency variances for direct labour and direct materials. Provide likely explanations for variances. Do you have reason to be concerned about you performance evaluation? Explain.
antivirus inc. expects its sales next year to be 2500000. inventory and accounts receivable will increase 480000 to
Assume that as of the end of the fiscal year the capital project had not yet begun, thus the debt proceeds were still unspent. What classifications of net assets would be affected by this fact?
to expand operations aragon consulting issued 1000 shares of previously unissued common stock with a par value of 1.
Provide all required journal entries for fund and government-wide financial statements. What information do the government-wide financial statements present? What information do the fund out financial statements present?
Identify which basic assumption of accounting is best described - The economic activities of FedEx Corporation are divided into 12-month periods for the purpose of issuing annual reports.
Term Structure of Interest Rates
Prepare the entry to distribute the labor cost if the job worked on during overtime was a rush order, the contract price of which included the overtime premium.
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