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On January 1, 2001, Art Shell loaned $30,052 to Phil Hilton. A zero interest bearing note was exchanged solely for cash; no other rights or privileges were exchanged. the note is to be repaid on December 31, 2003. The prevailing rate of interest for a loan of this type is 10%. the present value of $40,000 at 10% for three years is $30,052. What amount of interest income should Shell recognize in 2001?
flint fabricators inc. machines metal parts for the automotive industry. under the traditional manufacturing approach
Post beginning balances in ledger accounts (t-accounts) from the December 31, 2009 post-closing trial balance. Prepare journal entries to record each transaction for DeeDee's Designs. (A general journal is provided. Multiple pages will be needed.)
what are the projected earnings per share and return on equity for 2012 and what would the earnings per shareroe for
production-cost cross-subsidization results fromallocating indirect costs to multiple products.assigning traced costs
as a long-term investment at the beginning of the fiscal year florists international purchased 30 of nursery supplies
Which of the following is not a common method of capital budgeting?
the most recent monthly income statement for kennaman stores is given below total store i store ii sales total 2000000
Emerson Electronics had the following information related to its September inventory. Sales were made at $20 per unit and Emerson uses the perpetual inventory system. What is the value of ending inventory under FIFO?
a machine that cost 10250 and which had been depreciated 8000 was traded in on a new machine of like purpose priced at
four seasons industries has established direct labor performance standards for its maintenance and repair shop. however
Derivative accounting: What are the disclosure requirements for traditional and derivative financial instruments? Should companies disclose if such instruments are used for hedging or speculation? Why?
assume that next year research in motion sells off its interest in tip communications one of its subsidiaries.
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