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Question - Pronghorn Corporation purchased, as a held-to-maturity investment, $55,000 of the 8%, 4-year bonds of Harrison, Inc. for $58,861, which provides a 6% return. The bonds pay interest semiannually.
Prepare Pronghorn's journal entries for (a) the purchase of the investment, and (b) the receipt of semiannual interest and premium amortization. Assume effective-interest amortization is used.
On January 1, 2013, Tom's Transport Company's accumulated postretirement benefit obligation was $30,000,000. Determine the amount of the accumulated postretirement benefit obligation at December 31, 2013.
Lisa Gish is preparing for a meeting with her banker. Her business is finishing its fourth year of operations. In the first year, it had negative cash flows.
Discuss the proper accounting treatment, including any required disclosures, for each situation. Give the rationale for your answers.
You may combine both budgets in one schedule. The direct manufacturing labor cost budget should include labor-hours and show the details for each labor cost.
Nolan manufactures, markets, and sells cellular telephones. The average total assets for Nolan is $250,000. In its most recent year.
what accounting method cash or accrual would you recommend for the following businesses?a. a gift shop with average
Magnolia Candle Inc. budgeted production of 74,200 candles in 2016. Wax is required to produce a candle. Assume eight ounces (one-half of a pound) of wax is required for each candle. The estimated January 1, 2016, wax inventory is 2,500 pounds.
List factors that have a strong influence on project success.
the correct answer is b but i dont know how to get there. please explain step by step how you would solve to get b.on
Mark buys two contracts at $557.50 (Australian dollar). On the delivery date of the contracts, the price increased to $560.50. How much money did Mark make?
What are the risks to a whistleblower?
Does the receipt of securities in exchange for the transfer of appreciated property to a controlled corporation cause recognition of gain? Explain
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