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On July 1, 2013 Dipco Bonds issued 750, 10-year $1000 par value bonds paying 6% meanwhile other bonds in the market of similar riskiness in the market are yielding 5%. The bonds pay annual interest on June 30th each year. The effective interest method is used for amortizing the premiums or discounts on the bonds issues. This is a calendar year reporting entity. Provide all of the 2013 and 2014 journal entries for Dipco related to the bond issue. Provide the balance sheet carrying amounts and classification for these bonds for 12/31/13 and 12/31/14.
caleb company uses the retail inventory method to determine inventory cost for financial reporting purposes. they have
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which of the following is not a legal restriction related to profit distributions by a corporation?a.the amount
Leslie died on October 31, 2011. Prior to 2009, Leslie had never made any gifts, but in 2010 she made some transfers. Specifically, on January 10, 2010, Leslie gave her vacation beach house to her five children as tenants in common.
aldridge enterprises has a long standing policy of acquiring company equipment by leasing. early in 2011 the company
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Given the following information for Satoko Company, compute the company's ROI: Sales - $1,000,000; Controllable Margin - $150,000; Average Operating Assets - $500,000.
describe three issuesproblems that a company could encounter when trying to determine the actual cost of a good or
the following information is available regarding the total manufacturing overhead of bursa mfg. co. for a recent
Mr. Sullivan is borrowing $2,000,000 to expand his business. The loan will be for ten years at 12% annual interest and will be repaid in equal quarterly installments. How much will each quarterly payment be?
bigelow company budgets payroll at 4000 per month plus a percentage of monthly sales. the june operation expense budget
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