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Question - On August 31, Latty Co. partially refunded $432,000 of its outstanding 10% note payable made one year ago to Dugan State Bank by paying $432,000 plus $43,200 interest, having obtained the $475,200 by using $128,490 cash and signing a new one-year $381,000 note discounted at 9% by the bank.
Make the entry to record the partial refunding. Assume Latty Co. makes reversing entries when appropriate.
Prepare the adjusting entry at December 31, assuming straight-line amortization of the discount.
a. on april 1 the company retained an attorney for a flat monthly fee of 500. this amount is paid to the attorney on
Agler Company's Speedo calculator sells for $40. Variable costs per unit are estimated to be $28. What are the contribution margin per unit and the contribution margin ratio?
As we explore persuasion, we can divide the persuasive communication into three parts: the communicator, the message, and the audience. First, we will deal with what characteristics of persuaders make people more likely to be persuaded. Next, we w..
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The per share par value is $1, book value $32 And market value is $40. Prepare journal entry if a 2 for 1 Stock split is issued
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