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Question - Luke Corp purchased $60,400 of 6-year, 7% bonds of Reed Inc. for $57,566 to yield an 8% return and classified the purchase as an amortized cost method investment. The bonds pay interest semi-annually.
Assuming Luke Corp applied IFRS, prepare its journal entries for the purchase of the investment and receipt of semi-annual interest and discount amortization for the first two interest payments that will be received.
a company uses the weighted average method for inventory costing. during a period a production department had 54000
cates computing systems develops and markets commercial software for personal computers and workstations. three
sun shack snack corp. sells trail mix for 7.50 a box. by including a coupon for a pedometer the company hopes to
Houston-based Advanced Electronics manufactures audio speakers for desktop computers. The following data relate to the period just ended when the company produced and sold 42,000 speaker sets:
The company's average operating assets for the year were £2,200,000. Compute the company's residual income for the year
phil owns a ranch business and uses four-wheelers to do much of his work. occasionally though he and his boys will go
a company is considering replacing an old piece of machinery which cost 600000 and has 350000 of accumulated
a contractor has purchased a wheeled loader for 130000 and expects to use the loader an average of 1500 hours per year.
Evaluate the best target for a potential merger/acquisition through the use of ratios that demonstrate how business strategy and performance are reflected
carl warren tina chester owns and operates pinebush print co. during september pinebrush print co. incurred the
Prepare in general journal form the entries required in the Alex Benton Park Maintenance Fund to record Transactions 1-8
A company has an average inventory on hand of $75,000 and its average days in inventory is 36.5 days. What is the cost of goods sold?$1,680,000$750,000$876,000$1,752,000
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