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Pronghorn Corporation issued a 4-year, $30,000, 4% note to Greenbush Company on January 1, 2017, and received a computer that normally sells for $24,294. The note requires annual interest payments each December 31. The market rate of interest for a note of similar risk is 10%.
Question problem 1: Prepare Pronghorn's journal entries for (a) the January 1 issuance and (b) the December 31 interest.
What are your actual manufacturing overhead costs, and why aren't they traced to jobs, just as direct materials and direct labor are traced to jobs?
Determine the new target weighted average cost of capital for Felicia & Fred, given following assumptions - Calculate the cash flows for the new crystal jewelry project.
Intermediate has 2,000 stock options outstanding for the whole year. Each option will be exchanged for one share of common stock at an exercise price of $20.
Plano maintained the ability to significantly influence Sumter's decision-making process. Assume that Plano uses a weighted average costing system. Prepare the journal entries for Plano for the years of 2009 through 2012.
1.pink corporation is an accrual basis taxpayer that uses the recurring item exception to the economic performance test
discussion turned to the possibility of preparing financial statements from few accounts together with financial ratios
Show the main differences between ABC costing systems and traditional overhead allocation systems. Based on your knowledge and experience, which technique you prefer and why?
1 employees are paid bi-monthly on the 1st day of the month for work performed during the last half of the last month
A clear recommendation as to whether the company should proceed with the expansion to the South Island market for the year ending 31 December 2013.
Given the following demand and forecast for four weeks find the tracking signal and comment on it.
homestyle soup co. uses a process cost system to record the costs of processing soup which requires the cooking and
Identify the three primary advantages and three primary disadvantages of using the costing method (LIFO, FIFO, and weighted average) that is used to record inventory.
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