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1.On March 1, 2013, Brown Ferring Corporation issued $100 million of 12% bonds, dated January 1, 2013, for $99 million (plus accrued interest). The bonds mature on December 31, 2032, and pay interest semiannually on June 30 and December 31. Brown Ferring's fiscal period is the calendar year.Required:1. Determine the amount of accrued interest that was included in the proceeds received from the bond sale.2. Prepare the journal entry for the issuance of the bonds by Brown Ferring.
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cassady an employee of a law firm maintains an office at the principal business location of her firm. she frequently
The inventory cost Yukon $260,000 and was sold to Ontario for $390,000. Ontario still had $60,000 of the goods in its inventory at the end of the year. The amount of unrealized intercompany profit which should be eliminated in the consolidation pr..
on 111990 the auf wiederschen company was founded in munich germany. this company makes those were 1 sponge hands that
Which of the following is TRUE of the net business profit of the partnership?
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