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The Feldbrand Corporation purchases 1,000 shares of IBM at $100 and 1,000 shares of Bell Labs at $125. It receives dividends of $1.00 per share on all shares. Prepare all the necessary entries for this information.
what would be the journal entry for "finished goods with a carrying cost of 138500 are sold on account for 199500. assume a perpetual inventory system and enter a compound journal entry".
Assume that there is no maturity risk premium. An 8-year corporate bond has a yield of 8.3 percent, which includes a liquidity premium of 0.75 percent. What is its default risk premium?
powerdyne companys cost of goods sold is consistently 60 of sales.nbspnbspthe company plans to carry ending
Barr purchased the bonds at 102, paid brokerage costs of $6,000, and paid accrued interest for three months of $10,000. The amount to record as the cost of this long-term investment in bonds is
The tax benefit of the loss amounts to $123,000. If income from continuing operations (net of tax) amounted to $1,300,500 what is net income?
On December 31, 2010, the unadjusted balance in Prepaid Insurance was $4,800. This was the amount paid in the middle of the year for a two-year insurance policy with coverage beginning on July 1, 2010. The unadjusted balance in Insurance Expense w..
Now compute the present value of the income stream from the gold mine at a discount rate of 5%, and at a discount rate of 3%
She has a large amount of income from other sources and is in the 33% marginal tax bracket. Would Tina's tax situation be better if XYZ were a proprietorship or a C-corporation? Explain why.
In taking out a Trial balance, a book keeper finds that he is out Rs.1600 excess debit. Being desirous of closing his books, he places the difference to a newly opened suspense account. In the next period, he discovers the following discrepancies.
Indicate how much income Telephone Sellers should recognize in January, February, March, and April.
At the time of issuance, the market interest rate for similar financial instruments is 10%. Instructions: As the controller of the company, determine the selling price of the bonds.
What is the budgeted change in inventory levels over the month of December?
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