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Question - Paras Ltd. issued 40000, 11% debentures of 100 rupees each on 1st April 2015. Half of the debentures were due for redemption on 31st March 2019. The company decided to transfer the minimum required amount to Debenture Redemption Reserve on 31st March, 2018 and invested the necessary amount in debenture Redemption Investments on 30th April, 2018. Pass the necessary journal entries for Redemption of Debentures.
During the past week, one of your newly employed payroll associates dropped into your office to ask several questions regarding wage reporting for federal income and social security tax purposes. If you were the payroll supervisor, how would you ..
William's basis in the WAM partnership interest was $100,000 just before he received a proportionate liquidating distribution consisting of investment land (basis of $30,000. fair market value $40,000), and inventory (basis $30,000, fair market va..
The actual labor cost was $34.62 per hour during that period. The actual number of labor hours was 1,200. What are the direct labor variances
Determine the issue price of the debenture, calculate any premium or discount and amount of any related annual amortisation. Use present value tables
dillon products manufactures various machined parts to customer specifications. the company uses a job-order costing
At the end of the month, $100 of supplies were on still hand. What are the company's total assets at the end of the month
Depreciation on fund capital assets totaled $ 800.Retirement benefits of $ 7,700 were paid to retirees. Interest of $ 2,500 and dividends of $ 1,400 were received from investments.
what recommendation should be made to the controller, Prepare a monthly cash budget and supporting schedules for August
Prepare the journal entries on the books of Flint Ltd. to revalue the building on December 31, 2019 and December 31, 2021 using the asset adjustment method
You have conducted a significant amount of research about how to analyze the financial health of a company. Now you are going to put all of your research.
Save the Squirrels, Inc., a 501(c) (3) organization that feeds the squirrels in municipal parks, receives a $250000 contribution from Animal Feed, Inc., a corporation that sells animal feed.
During January and February of the current year, Big Bang LLC incurs $3,000 in travel, feasibility studies, and legal expenses to investigate the feasibility of opening a new entertainment gallery in one of the new suburban malls in town. Big ..
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