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1.The higher the interest rate the lower the present value of a future amount. Why? 2.If a lease is recorded as a capital lease, what is the relationship of the lease payments and the lease liability? 3.Why do companies prefer to classify leases as operating leases rather than as capital leases? 4.If a bond's stated interest rate is below the market interest rate, will the bond sell at premium or at a discount? Why? 5.What are the primary differences between debt financing &equity financing? 6.Are partners legally liable for the actions of other partners? Explain. 7. In what ways are corporate profits subject to double taxation? 8.What is the purpose of having a par value for stock? 9.The dividend payout ratio for Deedle Company is 40%. What does this mean? 10. When a security is sold, what information must be known to account for that transaction? 11.What is the difference between a realized gain or loss and an unrealized gain or loss? 12. How does accounting for changes in the value of trading and available-for-sale securities differ?
What do budget variances mean? Is the administrator interpreting this information correctly? Explain.
How should Wesley determine the amount of compensation expense related to the compensatory stock options, if any, that should be recognized in its income statements for 2003, 2004, and 2005? Why?
Kasten, Inc. budgeted 10,000 widgets for production during 2010. Kasten has capacity to produce 12,000 units. Fixed factory overhead is allocated to production. The following estimated costs were provided:
24800 were incurred in connection with the issue. interest on the bonds is payable annually each december 31. the 24800
Preparation of a Schedule of Cost of Goods Manufactured and Cost of Goods Sold. (The schedules may be in the appendix). Explain why some items have been excluded from the schedules.
Catalina works for a regional sales branch of a large pharmaceutical company. Individual employees as well as individual goals, he or she receives a large bonus check at the end of the year.
stephanie is the two-year old daughter of jason and kelly larkspur. stephanie starred in several television commercials
Milton Company provides this information for the month of November, 2007: sales on credit $150,000; cash sales $50,000; sales discount $2,000; and sales returns and allowances $8,000. Prepare the sales revenues section of the income statement base..
Prepare a capital budget for the Hot New Café with the net cash flows for this project over a 5-year period.
what is the primary difference between agency funds and trust funds? what are the primary applications of each and how
Post the adjusting entries to the ledger accounts. Enter the totals from the trial balance as beginning account balances and place a check mark in the posting reference column.
The seller paid transportation costs of $1,000 and issued a credit memorandum for $2,000 prior to payment. What is the amount of cash received by the seller if the invoice is paid within the discount period?
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