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Simko Company issued $ 600,000, 10-year, 5 percent bonds on January 1, 2015. The bonds were issued for $ 580,000. Interest is payable annually on December 31. Using straight-line amortization, prepare journal entries to record
(a) The bond issuance on January 1, 2015, and
(b) The payment of interest on December 31, 2015.
madison industries has equivalent units of 2000 for materials and for conversion costs. total manufacturing costs are
Discuss how those control procedures would be best implemented in an integrated ERP system using the latest developments in IT. (CPA Examination, adapted)
Involving employees in the identification and solution of problems often yields the best results. What types of incentives programs could companies put into place to encourage employees to contribute their ideas?
jack transferred property with an adjusted basis of 45000 to jkl corporation. there was a 35000 mortgage on the
Revel Company has average daily sales of $5,000, 90% of which are on credit. Receivables are collected 28 days after sales, on average. What is Revel's average accounts receivable balance?
information regarding current operations of the farrell corporation is given belowsales 950000variable costs
Larry Byrd, Inc., spent $68,000 in attorney fees while developing the trade name of its new product, the Mean Bean Machine. Prepare the journal entries to record the $68,000 expenditure and the first year's amortization, using an 8-year life.
you have recently been hired as the assistant controller for stanton industries a large publicly held manufacturing
below are the transactions for october. i need to create a journal entry general ledger and trial balance. i understand
mbi inc. had sales of 141.6 million for fy 2010. the companys gross profit ratio for that year was 31.6assume that a
How much did the company collect in cash from debtors during 2006? How much sales would have been reported by the company in 2006 if Byfort would have been using cash accounting and not accrual accounting?
Production records show that there were 400 units in thebeginning inventory, 30% complete. What is the unit materials cost for May?
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