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Rentoul Inc. made two sales.It sold land having a fair value of $900,000 in exchange for a 4-year zero-interest-bearing promissory note in the face amount of $1,416,163. The land is carried on Rentoul's books at a cost of $590,000. 2. It rendered services in exchange for a 3%, 8-year promissory . Rentoul Inc. recently had to pay 8% interest for money that it borrowed from British National Bank. The customers in these two transactions have credit ratings that require them to borrow money at 12% interest. Record the two journal entries that should be recorded by Rentoul Inc. for the sales transactions above that took place on July 1, 2012.
an investor is considering starting a new business. the company would require 475000 of assets and it would be financed
On January 1, 2013, Roxburgia Company places a commercial storage building in service.
Tax cash flows represent taxable income in the year received, compute the NPV of the cash flows.
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Following are several December 31 account balances of Brookhaven Square, Inc. prior to the preparation of year-end adjusting journal entries: Briefly describe the nature of the adjusting journal entries for the accounts identified.
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Performance audits differ from financial audits
What is the difference between using the percentage of sales and percentage of receivables method for calculating doubtful accounts? Is it appropriate to use a hybrid of the percentage of sales and the percentage of receivables methods of calculat..
The deposits are based on the container cost marked up 20%. How much profit did Slotnick realize on the forfeited deposits?
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