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Problem 1: On December 31, 2018, Blais Industries had long-term debt totaling $120,000 on their balance sheet. During 2019, they paid $10,000 in interest on that debt and $50,000 in principal. During the year they also issued new long-term debt totaling $20,000. What is the balance in their long-term debt account at the end of 2019?
A company's balance sheet shows: cash $48,000, accounts receivable $29,000, office equipment $63,000, and accounts payable $30,000. What is the amount of stockholders' equity?
Explain accounting treatment for modification of loan as prescribed by MFRS 9. In March 2020, the Bank Negara Malaysia (BNM) introduced measures
On October 1, Assuming the October 31 balance was $57,500, determine the fees billed to customers on account during October.
An inventory of grocery items where the shelves are stocked from the back would be similar to which cost formula?specific identification
Cullumber issued $380,000 of 5%, 5-year bonds on January 1, 2021. Interest is payable semi-annually. Calculate the price of the bond: (a) 4%
Explain how some of your norms differ from what you perceive to be the norms of the selected ethnic group (remember to be tactful, objective, and kind).
questionrest haven is a senior living community that provides a full range of services including independent living
Why is accounting so important for a nations economy - demonstrate a clear understanding of the key elements of assignment questions
Explain how reported accounting numbers might affect an individual's perceptions and actions. Cite two examples.
Find What is the payback period of this investment?The system would cost $40,000 upfront. It will generate net cash flows of $3,300 per year for 15 years.
What is the present value of the bond at issuance? Based on the same information, what is the amount of interest expense to be recorded on June 30, 2018?
In 1777, Jacob DeHaven loaned George Washington's Army $450,000 in gold and supplies. Due to a disagreement over the method of repayment 9gold vs. Continental money), DeHaven was never repaid, dying penniless.
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