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On January 1, 2013, Hatch Co. borrowed $100,000 cash from First Bank by issuing a four year, 6 percent note. The principal and interest are to be paid by making annual payments in the amount of $28,859. Payments are to be made December 31 of each year, beginning December 31, 2013.
Required:
Prepare an amortization schedule for the interest and principal payments for the four year period.
barker co. acquired 75 percent of the voting common stock of smith corp. on january 1 2013. during the year barker made
Why do you think present value is an important concept for management to understand? Do you think it should be used for all financial statements items, why or why not?
padilla company purchased 80 of the common stock of sanoma company in the open marke on january 1 2010 paying 31000
the beginning inventory balances of item b on august 1 and the purchases of the item during the month of august were as
David organize white Corporation with a transfer of land (basis of $200,00, fair market value of $600,000) that is subject to a mortgage of $150,000. A month before the incorporation, David borrowed $100,000 for personal purpose and gave the bank ..
Pullman Corporation acquired a 90% interest in Sleeper Company for $6,500,000 on January 1 2010. At that time Sleeper Company had common stock of $4,500,000 and retained earnings of $1,800,000.
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Tuition Reimbursement Implementation Report
hinrich entertainment distributes a dvd which sells for 12 per unit. hinrich pays 7 per unit to buy the product.
Terms of the purchase were 2/10, n/30. Dunbar paid for 20% of these sets on January 13 and the remaining 80% on February 1.
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