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Tudor Company acquired $500,000 of Carr Corporation bonds for $487,706.69 on January 1, 2013. The bonds carry an 11% stated interest rate, pay interest semiannually on January 1 and July 1, were issued to yield 12% and are due January 1, 2016.
Required:
1. Prepare an investment interest income and discount amortization schedule using:
a. straight-line method
b. effective interest method
2. Prepare the July 1, 2015 journal entries to record the interest income under both methods.
Which of the following is most likely to be used in determining a proper amount to be included in the allowance for doubtful accounts?
The 17,200 hours worked during the period resulted in production of 8,500 units. Manufacturing overhead cost incurred was $136,500.Calculate the following three overhead variances:
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There were no sales from Pot to Skillet.Intra-entity sales had the same markup as sales to outsiders. Pot still had40% of the intra-entity sales as inventory at the end of 2011. What areconsolidated sales and cost of goods sold for 2011?
the ace company has five plants nationwide that cost 100 million. the current market value of the plants is 500
1. describe what is meant by transaction analysis. 2. reply to this response in format of conversation. this is a class
Olivia, a calendar year taxpayer, does not file her 2010 return until December 12, 2011. At this point, she pays the $40000 balance due on her 2010 tax liability of $70000.
what amount should be recognized as property tax revenues related to the 2007 levy on the government-wide financial statements?
Which of the following is a true statement about governmental units that issue tax-supported debt to finance capital projects?
Hrabik Corporation issued $600,000, 9%, 10-year bonds on January 1, 2008, for $562,613.This price resulted in an effective-interest rate of 10% on the bonds. Interest is payable semiannually on July 1 and January 1. Hrabik uses the effective-inter..
A corporation issued 2,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $43,500. The stock has no stated value.
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