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On March 1, Dennis Company purchased $200,000, 10-year, 12% bonds for 98 plus accrued interest (revenue approach) and brokerage fees and classified them as held-to-maturity securities. Interest is paid semiannually on January 1 and July 1. Brokerage fees for this transaction were $700.
Journalize the purchase on March 1 (including accrued interest), the receipt of interest on July 1 (including straight-line amortization), and the adjusting entry for accrued interest and amortization on Dec 31.
If Pisa, Inc.'s incremental borrowing rate is 10% and the rate implicit in the lease (which is known by Pisa, Inc.) is 8%, what is the amount recorded for the leased asset at the lease inception?
What is the Year 3 cash flow if Brisbane keeps using its current system? What is the Year 3 cash flow if Brisbane replaces its current system? supposing the discount rate of 8%, what is the net present value when Brisbane keeps using its current syst..
metzler communications designs and programs a website for a local business. metzler charges 46000 for the project and
during its first month of operation the parkview landscaping corporation which specializes in residential
a company has 3000 shares of 2 par value common stock and 1500 shares of 8 150 par noncumulative preferred stock
for warren corporation year-end assests were 2000000. at the beginning of the year plan assests were 1780000. during
you have been asked to help a local company evaluate a major capital expenditure. the company is a new internet company
Cash from Investing Activities
westerville auto co. produces a small part that it uses in the production of its automobiles. the companys unit product
Write a memo to George briefly describing how a budgetary control system would be useful for demonstrating accountability to Reviva's funding agencies and private donors.
1. using exhibit 7-12 as a guide compute the product margin for the ex300 and the tx500 under the companys traditional
At the beginning of 2011, a decision was made to change to the straight-line method of depreciation for this equipment. The depreciation expense for 2011 would be:
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