On January 1, 2014, Fishbone Corporation purchased 350 of the $1,000 face value, 8%, 10-year bonds of Walters Inc. The bonds mature on January 1, 2024, and pay interest annually beginning January 1, 2015. Fishbone purchased the bonds to yield 12%. Ho..
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Internal Rate of Return Analysis. Heston Farming Company would like to purchase a harvesting machine for $100,000. The machine is expected to have a life of 4 years, and a salvage value of $20,000. Use trial and error to approximate the internal rate..
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Allowances are made for significant increases in costs and volume if any. 2014 actual overhead costs included $1,500,000 of fixed costs and $600,000 of variable costs.Compute the overhead rate to be used for 2015.
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At January 1, 2014, Hennein Company had plan assets of $298,000 and a projected benefit obligation of the same amount. During 2014, service cost was $36,120, the settlement rate was 10%, actual and expected return on plan assets were $28,390, contrib..
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In applying the lower of cost or market method to inventory valuation, market is defined as:
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Bonnie's charitable contributions and AGI for the past four years were as follows: 2007 2008 2009 2010 AGI $50,000 $55,000 $58,000 $60,000 Contributions subject to the 50% limitation 40,000 29,000 25,000 10,000. What is the amount of the charitable d..
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Computer equipment (office equipment) purchased 6 1/2 years ago for $170,000, with an estimated life of 8 years and a residual value of $10,000, is now sold for $60,000 cash.
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Calculate the prime cost per unit. - Calculate the conversion cost per unit. - Calculate the total variable product cost per unit.
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Drury Corporation, which was organized three years ago, reports the following adjusted current earnings (ACE) and preadjustment alternative minimum taxable income (AMTI) amounts. Second previous year Last year Current year ACE AMTI (excluding ACE adj..
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On June 30, 2014, Mischa Auer Company issued $4,117,000 face value of 11%, 18-year bonds at $4,457,627, a yield of 10%. Auer uses the effective-interest method to amortize bond premium or discount. The bonds pay semiannual interest on June 30 and Dec..
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What are the journal entries for ABC, Inc. on April 1, April 30, and May 31? Was the dollar strengthening or weakening over the period of the contract?
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(1) Why you believe you are prepared academically for graduate study and what have been your academic accomplishments. (2) Your motivation and leadership qualities as well as any previous accounting or business work experience. (3) Your expectations ..
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