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On 1st May, 2013, Green Corporation issues $1,000,000 of 12% bonds, dated 1st January, 2013, for $975,000 plus accrued interest. The bonds mature on 31st December, 2027, and pay interest semiannually on June 30 and December 31. Green's fiscal year ends on 31st December each year.
1. Evaluate the amount of accrued interest that was included in the proceeds received from the bond sale. Show calculations2. Prepare journal entry for issuance of the bonds.
What is the existing value of the company? (Do not round intermediate evaluations and round your final answer to 2 decimal places.
Purpose a production budget for February, March, and April. and a forecast of the units and cost of raw material that may be required for February, March, and April.
amount to be charged to arrive at break even.lifsey wedding fantasy company makes very elaborate wedding cakes to
Based on a recommendation of its Board of Directors, Goochland decides to appropriate (restrict) $200,000 of its inappropriated retained earnings for plant expansion at some time in the future
When testing the occurrence objective for sales, the auditor is concerned with the possibility of three types of misstatements. One type is sales being included in the journal for which no shipment was made. Discuss other two types of misstatement..
indicate the manner in which the above transaction should be reflected in the Current Liabilities section of Carson Company’s December 31, 2007 balance sheet.
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Identify a decision that has recently been made or will be made in the near future in your organization. Identify two relevant and two non-relevant costs in this decision.
sweeten company had no jobs in progress at the beginning of march and no beginning inventories. it started only two
Discuss how a company can use intercompany transactions to manipulate corporate earnings. Evaluate how the company has treated its intercompany transactions and whether or not you agree with this treatment. Explain.
what unit sales volume would its income equal its costs and what price must each stereo be sold for the company to achieve an EBIT of $95,000?
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