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X was interesting in ivesting in bonds and , on 01/01/12 purchased 10% bonds dated january 1, 2012. These bonds had a face amount of $10 million, pay interest on 6/30 and 12/31, and mature in 10 years. For bonds of similar risk and maturity, the market yield is 12%. X uses the effective interest method. (1) prepare X's entry to record the bond purchase. (2) prepare X's entry on 6/30/2012 and on 12/30/2012 to record interest.
hook inc. has an investment in non-trading securities of 80000. this investment experienced an unrealized loss of 5000
ryan co purchased a machine on july 1 2011. the machine cost 250000 and has a salvage value of 10000 and a useful life
Identify several areas in business operations where weakness in control over data may occur. Then, determine which can do the most harm to the organization. Provide your rationale.
developing responses to assessed risks your client general television inc. manufactures televisions and during the
during the current year stan sells a tract of land for 800000. the property was received as a gift from maxine on march
The salvage for the existing assets after three years of service is anticipated to be zero. The used machines have no salvage value today in the market place due to their current condition. The desired minimum acceptable rate of return on invested ca..
Tree Frog Company is organized as a LLC and pays no income taxes. The company has fixed interest expense of $5,750, Sales of $253,000 and variable expenses of $189,750. What is the company's times interest earned ratio?
Astro produces sparklers (400 setups) and lighters (600 setups). How much of the machine setup cost pool should be assigned to sparklers?
Which of the following is an example of a consideration the government takes into account when creating a tax?
at the beginning of the current period griffey corp. had balances in accounts receivable of 240500 and in allowance for
joyner inc. manufactures pillar candles. in october 2008 company production was 26800 equivalent units for direct
topple company produces a single product. operating data for the company and its absorption costing income statement
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