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Question - On September 1, 2014, MX Company purchased merchandise from AX Company of Japan for 20,000,000 yen payable on October 1, 2014. The spot rate for yen was $0.0079 on September 1 and the spot rate was $0.0077 on October 1. The purchase was paid on October 1, 2014.
Required -
1. What journal entry did MX record on September 1, 2014?
2. What journal entry did MX record on October 1, 2014?
1 200 000 R2 ordinary shares now trading, Assuming that company uses the CAPM to calculate its cost of equity. Calculate its weighted average cost of capital.
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Prepare the annual adjusting entries for the transactions. On October, Johnson received payment in advance for services to be performed.
On January 1, 2016 Nezcorp issues a 1-year 10% $100,000,000 bond in a 7% market. bond pays semi-annual interest. What if the bond was issued on February 1 rather than on January 1 (round all numbers to nearest dollar)?
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