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Question - The Master Corp issued $300,000 at 7.5% 10 yr bonds. The bonds are dated and sold on Jan 1, 2013. The interest payment dates are Jan 1, Jul 1. The bonds are issued for $289,688. The amount of interest rate is 8%. In the 1st semiannual interest payment date July 1, 2013 the company recorded $11,588 in interest expense and $338 in discount amortization. Using the effective interest method what is the carrying amount of the bond on Jan 1, 2014 balance sheet?
Using an Internet search engine, search for the terms SAP and SME. Describe why a small to medium sized entity might choose SAP as its ERP system.
the management of idaho corporation is considering the purchase of a new machine costing 430000. the companys desired
Show the effects of the events on the financial statements using a horizontal statements model like the following one.
determine the journal entries necessary to correct the general ledger
Woodpecker, Inc., stock has an annual return mean and standard deviation of 21 percent and 47 percent, respectively. The return correlation between DW Co. and Woodpecker, Inc., is zero. What is the smallest expected loss for your portfolio in the ..
hancock corporation is in the process of preparing its financial statements for 2013. assume no entries for
Pullian Company makes a variety of chemicals. Its Mixing Department reports the following information for the May of the current year - Compute the cost per equivalent unit for direct materials and conversion.
examine the following list of accountsnote payableaccumulated depreciation buildingalex kenzy drawingaccounts
If Harris has net income of $2,800 and then liquidates, what amount of cash will the creditors receive? What amount of cash will the investors receive
Calculate the materials price variances and materials usage variances for granite and for glue for the past six months.
Using the estimated sales and production of 10,000 pairs of skis as the expected volume, the accounting department has developed the following cost per pair of skis and bindings:
How useful are financial statements in planning your company's future financial needs? When are they a good starting point and when are they less useful?
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