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Question - On September 1, Swifty Ltd. purchased $79,300 of five-year, 7% bonds for $64,709, resulting in an effective (yield) rate of 12%. The bonds pay interest each March 1 and September 1. Swifty Ltd. applies ASPE, accounts for the investment under the amortized cost approach using the effective interest accounting policy, and has a December 31 year end. The following March 1, after receiving the semi-annual interest on the bonds, Swifty sells the bonds for $67,369. Make Swifty's journal entry for the purchase of the investment.
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How do find out the number of shares to be issued in each next three years. RST garments Ltd. has annual earnings of Rs. 20,00,000.
What is the debt ratio for Jordan Manufacturing reports? Premium on common stock 180,000. Deferred income taxes 10,000. Preferred stock 80,000
Closing inventory/stock has been valued at a cost of £8,120 on 30 September 2018. Prepare a statement of profit or loss for Cho Chang
On January 1, 20X2, Jeff Co.’s defined benefit pension plan had plan assets with a fair value of $750,000, and a projected plan obligation of $875,000. Actual and expected return on plan assets. Assume that pension expense is $80,000, what will be th..
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On May 12, Senger paid Burris $650 for costs incurred by Burris to repair defective merchandise. Journalize the entry by Senger Company
What is the value of the investment today and what would the value be if the payments occurred for 39 years?
The customer pays in full on the day she books. What journal entry will Carnival make on January 10, 2014, for the Kerrie Collins booking and payment?
If a person, age 44, wants to contribute the maximum allowed to a Roth IRA in 2019. She is single and her AGI is $125,000.
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