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On June 1,2016 Falcon corp. decided to repurchase ots $10,000,000, 8%bond issue, maturing in 2023. The market price for the bond on June 1st was 98. The carrying vlaue at the time of repurchase was 10,230,000. make the journal entries for the repurchase of the bonds.
He guesses that the equipment could be sold at that time for 4 percent of its original cost. Jim uses a 16 percent discount rate.
Harris Corporation produces a single product
Prepare the Schedule of Accounts Receivable and the Schedule of Accounts Payable and Journalize and post the closing entries. Indicate closed accounts by inserting a zero in both balance columns opposite the closing entry.
Prepare a schedule of lease receits for cherry ltd and the journals entries for the year ended 30 june 2011 and do the same for hazel ltd
Discuss how this information affects the reported cost of inventory.
Sprinkle Co sells its product for $20 per unit. During 2013, it produced 60,000 units and sold 50,000 units (there was no beginning inventory). Costs per unit are: direct materials $5, direct labor $3, and variable overhead $1. Fixed costs are: $240,..
Compute the revenue recognized, construction costs expensed, and income earned for each year using the percentage of completion method. Explain the potential risks associated with this accounting method and discuss why an analyst would be interes..
Morris, Inc. Corporation purchased equipment with a fair value of $600,000 on a 6 percent note. The note requires five end-of-year payments of $142,438. What would be the carrying value of the note immediately after the second payment?
Suppose Manij needs $47,500 to buy a new kitchen at the end of 2019. Assume that Manij uses an account earning 2.65% yearly. What does Manij have to deposit at the beginning of 2013, assuming monthly compounding.
Prepare any outstanding adjusting journal entries for the year ended March 31, 2013 and post them to the trial balance. Prepare all financial statements in good form for the year ended March 31, 2013.
I need help filling out the rest, I also tried putting 15,000 and 6% interest on it in repayments for Q2 but it shows it's wrong
taylor corp. is growing quickly. dividends are expected to grow at a 31 percent rate for the next three years with the
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