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Question - Able Company issued $1,020,000 of 10 percent first mortgage bonds on January 1, 20X1, at 102. The bonds mature in 20 years and pay interest semiannually on January 1 and July 1. Prime Corporation purchased $680,000 of Able's bonds from the original purchaser on December 31, 20X5, for $675,000. Prime owns 60 percent of Able's voting common stock.
Required:
a. Prepare the worksheet consolidation entry or entries needed to remove the effects of the inter corporate bond ownership in preparing consolidated financial statements for 20X5.
b. Prepare the worksheet consolidation entry or entries needed to remove the effects of the inter corporate bond ownership in preparing consolidated financial statements for 20X6.
Roofling Company paid wages of $319,600 this year. Of this amount, $193,900 was taxable for net FUTA and SUTA purposes. The state's contribution tax rate is 4.3% for Roofling Company.
What is the amount that will be credited to Paid-in Capital in Excess of Par Common Stock on the date of declaration
Wild willy sandwich shop sell sandwiches throughout the country. Wws customers can sign up for a reward card that allows them to receive a free sandwich.
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Shaver Co. manufactures variety of electric razors for men and women. Using ABC how much product-level overhead is assigned to the current order for Mens Razors
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Solve numerically for the proportions of each asset and for the expected return and standard deviation of the optimal risky portfolio. (Do not round intermediate calculations and round your final answers to 2 decimal places. Omit the "%" sign in your..
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