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Problem - Vaughn Manufacturing receives a $10400, 6-month, 6% promissory note from Wildhorse Co. in settlement of an open accounts receivable. What entry will Vaughn Manufacturing make upon receiving the note?
Notes Receivable 10400
Accounts Receivable-Wildhorse Co. 10400
Notes Receivable 10712
Interest Revenue 312
Accounts Receivable-Wildhorse Co. 10712
Interest Receivable 312
Explain the difference in the accounting treatment of the cost of developed technology and the cost of in-process R&D in an acquisition.
what criteria must be satisfied in order.
1. What is the difference between book value accounting and market value accounting? How do interest rate changes affect the value of bank assets and liabilities under the two methods? What is marking to market?2. What are the two different general i..
BunaBuna has been growing at a 15 percent annual rate and is expected to continue to do so for 3 more years. At that time, growth is expected to slow to a constant 4 percent rate.
on february 11 2011 wilmar corporation borrowed 100000 from its bank by signing a 12 percent 15-year note payable. the
Texon Co. manufactures and sells three products: product 1, product 2, and product 3. Their unit sales prices are product 1, $40; product 2, $30; and product 3.
a firm sells 1150000 receivables to a factory for 1138500. the average collection period is 1 month. what is the
As a manager, whether in human resources or otherwise, you will eventually encounter employee discipline problems. Your assignment is to select one of the following three employee disciplinary scenarios and explain how you would handle the situat..
Calculate the flexed and actual budget. Calculate the following variances:- Sales variances; volume and price, Direct material variances; usage and price
An insurance company wishes to use this model to estimate the expected ?re damage to two new houses, house A that is being built at a distance of 5 miles from the nearest ?re station, and house B, 3 miles from the same ?re station. Determine these es..
For the current year, David has salary income of $80,000 and the following property transactions: What is David's AGI for the current year?
global supermarkets run a a moneyback guarantee for anyone with unused tomatoes who is not completely satisfied with
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