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Swanson Corporation issued $8 million of 20-year, 8 percent bonds on April 1, 2011, at 102. Interest is due on March 31 and September 30 of each year, and all of the bonds in the issue mature on March 31, 2031. Swanson's fiscal year ends on December 31. Prepare the following journal entries: Prepare the journal entry at
April 1, 2011, to record the issuance of the bonds?
Prepare the journal entry at September 30, 2011, to pay interest and to amortize the bond premium.?
Prepare the journal entry at March 31, 2031, to pay interest, amortize the bond premium, and retire the bonds at maturity (make two separate entries).?
Which of the following statements is true regarding inventory transfers between a parent and its subsidiary, using the initial value method?
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If he does not participate in an employer-sponsored plan, what is the maximum deductible IRA contribution John can make in 2010?
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