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1. Deane Company issues $5 million, 10-year, 9% bonds at 96, with interest payable on July 1 and January 1.The straight-line method is used to amortize bond discount.
(a) Prepare the journal entry to record the sale of these bonds on January 1, 2010.
(b) Prepare the journal entry to record interest expense and bond discount amortization on July 1, 2010, assuming no previous accrual of interest.
An annual report of Ford Motor Corporation states, "Net income a share is computed based upon the average number of shares of capital stock of all classes outstanding.
Determine the amount of net income Savannah will report in each of the four quarters of 2012, assuming actual sales are as projected and employing the integral approach to interim financial reporting. Compute Savannah's profit margin on sales for eac..
What is the economic order quantity? Purchasing at the EOQ recommended level, what are the relevant total costs?
heritage insurance co. is a regional insurance company that began operations on january 1 2012. the following
Determine the impact (increase, decrease, no change) of this dividend on the following: 1. Total assets. 2. Total liabilities. 3. Common stock. 4. Total stockholders equity. 5. Market value per share of common stock.
propats manufactures three souvenir products and has the following direct cost when three 1000-unit batches one for
What are the reasons for the different methods of the classifications?
Prepare Cannon Company's statement of cash flows for the year ending December 31, 2015 using the indirect method. Explain how the indirect statement of cash flows that you prepared would differ under IFRS rules. Assume this is a nonfinancial entity..
scales corporation has received a request for a special order of 6000 units of product y45 for 13.70 each. product y45s
jim inherits stock from his brother who died in march when the property had a 6.9 million fmv. this property is the
1.On January 1, 2013, Byner Company purchased a used tractor.
smith cpa was engaged to audit golf corporations financial statements for the years ended august 2006. smith planned
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