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On June 30 of the current year, Rural Gas & Electric Co. issued $50,000,000 face value, 9 percent, 10-year bonds payable, with interest dates of December 31 and June 30. The bonds were issued at a discount, resulting in an effective semiannual interest rate of 5 percent
a compute the issue price for the ond that results in an effective semiaannual interest rate of 5%
b. prepare a journal entry to record the issuance of the bonds at the sales price you computed in part a
c. explain why the bonds were issued at a discount?
Ethan Company purchased a parcel of land and then incurred specific costs for the construction of a new building.
What additional guidelines requirements are related to ethics are required to ensure consistency of CPAs across the nation? What are some examples of ethics violations?
part 1williams card shop is planning to expand. before it expands the owner wants to review the uncollectible accounts.
Assume that the bonds are called on December 31, 2009. Use the horizontal model (or write the journal entry) to show the effect of the retirement of the bonds. (Hint: calculate the amount paid to bondholders; then determine how much of the bond di..
which of the following costs would be classified as variable and which would be classified as fixed if units produced
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On August 1, Gridley purchased 140,000 shares and immediately retired the stock. On November 1, 200,000 shares were sold for $25 per share. What is the weighted-average number of shares outstanding for 2011?
hazelnut company earned net income of 95000 during the year ended december 31 2012. on december 15 hazelnut declared
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Jason Company determined that the budgeted cost of producing a product is $1.20 per unit. On June 1, there were 11,000 units on hand.
1. What are the three primary causes of cash flow problems faced by a small business? Explain cash flow management using the cash-to-cash cycle. What are the three sources from which cash can be obtained for a business?
Explain how an auditor defines or describes what a material misstatement would be for a particular client from both a qualitative and quantitative perspective.What is the audit risk model discuss each of the risk factors in this model and the rela..
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