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Question - On January 1 of this year, Victor Corporation sold bonds with a face value of $1,420,000 and a coupon rate of 8 percent. The bonds mature in four years and pay interest semiannually every June 30 and December 31. Victor uses the straight-line amortization method and also uses a premium account. Assume an annual market rate of interest of 6 percent. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided. Round your final answer to whole dollars.)
Required: Prepare the journal entry to record the issuance of the bonds.
On 1/1/2011 yoda company purchased a truck for $80,000 this truck is expected to last 12 years, Determine yoda's annual depreciation expense for this truck
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Jan. 11 Issued 21,800 shares of common stock at $17 per share. Prepare stockholders equity sheet as of Dec. 31 2017
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In 2016, Stellar Enterprises issued, at par, 60 $1,000, 9% bonds, each convertible into 100 shares of common stock. Stellar had revenues of $15,600.
Create an audit report with the findings being somewhere between $5,000,000 and $30,000,000 Include these items in the report: The area under audit where the finding occurred, The steps you undertook during the audit
Prepare the journal entry for the issuance when only the market price of the common stock is known and it is $ 170 per share
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