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Question - These transactions took place for Vaughn Manufacturing
2016
May 1 Received a $3,300, 12-month, 5% note in exchange for an outstanding account receivable from R. Stoney.
Dec. 31 Accrued interest revenue on the R. Stoney note.
2017
May 1 Received principal plus interest on the R. Stoney note. (No interest has been accrued since December 31, 2016.)
Required - Record the transactions in the general journal. The company does not make entries to accrue interest except at December 31.
Santana Corporation has 400,000 shares of common stock outstanding throughout 2010. calculate the Earnings per share assuming bond conversion
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Indicate the proper balance sheet classification for the accounts listed above that do not belong in the long-term liabilities section
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What are the tax consequences to Robert, Lori, and Swan Corporation under the following circumstances
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The firm will manufacture a batch of 100 units. The direct cost per unit is estimated to be $30 per unit, Estimate the full cost of the batch
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