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Question - On January 1, 2020, Herbert Company, an SME, issued its 10 percent bonds payable in the face amount of P6,000,000. The bonds mature on January 1, 2040. The bonds were issued for P5,316,000 to yield 12 percent resulting in bond discount of P684,000. Herbert uses the effective interest method of amortizing bond discount. Interest is payable semiannually January 1 and July 1. For the six months ended June 30, 2020, what amount should be reported as bond interest expensed?
O.K. Company uses a job order cost accounting system and allocates its overhead on the basis of direct labor costs. O.K. expects to incur $800,000 of overhead during the next period, and expects to use 50,000 labor hours at a cost of $10.00 per ho..
Draw a document flowchart for the Big Company using the symbols. Do you think that the company creates too many copies of its purchase orders
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Determine the price of the bonds issued on January 1, 2011.
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a company has bonds outstanding with a par value of 100000. the unamortized discount on these bonds is 4500. the
Penelope is a single taxpayer and operates a small business as a sole proprietor. What is Penelope's Qualified Business Income (QBI)
How the regulators/professional bodies can improve protection on investors and increase market confidence. Should RPTs be banned?
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