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Question: IKarnatic Ltd. has issued £500,000 of Debentures at par on the condition that it opens up and invests a Sinking Fund. During the life of the fund the annual contributions have amounted to £485,000 and interest and dividends on the investments have totalled £9,975. Under the terms of the issue £50,000 of Debentures have been purchased on the open market for £47,860, which was raised by selling investments (costing £37,556) for that amount. The company is now exercising its option to redeem the rest of the Debentures at 102 and the remaining investments are sold for £488,419. Set out and close off the ledger accounts in which these transactions should be recorded.
a partnership is currently holding 400000 in assets and 234000 in liabilities. the partnership is to be liquidatedand
a company has two product lines shoes and hats. costand revenue for each line for the current month
Based on prior experience with the State of Kentucky renovation projects, the delivery of this many grills makes it certain that Kentucky will meet the discount threshold. Prepare the journal entries for Grill Master for grills sold on April 17, 2..
1. Describe some typical dialogue scenarios between users and a hotel registration system. For hints, reread the section that provides sam- ple dialogue between users and the customer information system at Pine Valley Furniture.
on december 1 2006 passey corporation sold a machine with a carrying amount of 150000 to its 80-owned subsidiary scully
Why does a company issue a bond with detachable warrants (rights)? At what value is each of these securities recorded at the time of the bond issuance?
part 1 will require you to evaluate the payroll system for the skip-rope manufacturing company. part 2 will involve a
1. medical expense deduction - dan lives in duncan a small town in arizona. because of a rare blood disease dan is
search the securities and exchange commissions edgar corporate filings data base at httpwww.sec.govedgarhp.htm for the
tyrene products manufactures recreational equipment. one of the companys products a skateboard sells for 35. the
s there a difference between an expense and an expenditure?
What information does the cash flow statement provide that you cannot see in the other financial statements (income statement, balance sheet, owner's equity)? What elements of the cash flow statement do you think are most important for company man..
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