Assignment Print View http://ezto.mhecloud.mcgraw-hill.com/hm.tpx?todo=printview Score: 100 out of 100 points (100%) 1. award: 5 out of 5.00 points On November 1‚ Bahama Cruise Lines borrows $3 million and issues a six month‚ 6% note payable. Interest is payable at maturity. Record the issuance of the note and the appropriate adjustment for interest expense at December 31‚ the end of the reporting period. (Enter your answers in dollars not in millions. Do not round intermediate
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Student Gradebook Exam https://takeexam.next.ecollege.com/(NEXT(3d4570aa34))/Main/Cours... Grading Summary These are the automatically computed Date and Time Started: results of your exam. Grades for essay Time Spent: questions‚ and comments from your instructor‚ are in the "Details" section below. Points Received: Question Type: Multiple Choice # Of Questions: 10 10/31/2012 8:58:27 AM 38 min ‚ 14 secs 10 / 20 (50%) # Correct: 5 Grade Details - All Questions 1. Question : Carlton
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Long Term Liabilities – Bonds MULTIPLE CHOICE QUESTIONS EXERCISE 1. From the standpoint of the issuing company‚ a disadvantage of using bonds as a means of long-term financing is that a. bond interest is deductible for tax purposes. b. interest must be paid on a periodic basis regardless of earnings. c. income to stockholders may increase as a result of trading on the equity. d. the bondholders do not have voting rights. 2. If a corporation issued $3‚000‚000 in bonds which pay 5% annual interest
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Landline Should Go For Net Revenue The accounting issue at hand in this case is revenue. Landline is offering call routing services for PRU and the former entity has to make some receipts from the services rendered. To put the issue at hand in context‚ revenue is generally the income received by any company from selling goods or services. In abroad sense‚ revenue is the income received by any commercial institution for the goods sold or services rendered. It is basically the incoming receipts
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Assignment: Preparing Entries and Statements ACC225/Financial Accounting Assignment: Preparing Entries and Statements QS 4-5A The following unadjusted trial balance is for Adams Construction Co. as of the end of its 2005 fiscal year. The June 30‚ 2004‚ credit balance of the owner’s capital account was $52‚660‚ and the owner invested $25‚000 cash in the company during the 2005 fiscal year. [pic] Prepare a 10-column work sheet for fiscal year 2005‚ starting with the unadjusted
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1. “Revenue hours” represent the key activity that drives costs at Salem Data Services. Which expenses in Exhibit 2 are variable with respect to revenue hours? Which expenses are fixed with respect to revenue hours? a. Variable Expenses – Wages for Hourly Personnel‚ Power b. Fixed Expenses – Wages for Salaried staff‚ Systems development and maintenance‚ Administration 2. For each expense that is variable with respect to revenue hours‚ calculate the cost per revenue hour.
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vHow are the hospital’s revenues and expenses grouped for planning and control? Patton-Fuller has two revenue categories; net patient revenue and other revenue. Patton-Fuller expense categories are; salaries and benefits‚ supplies‚ physician and professional fees‚ utilities‚ other‚ depreciation and amortization‚ Interest‚ and provision for doubtful accounts. The hospital’s revenue it broken up into two categories‚ the first being net patient revenue which consist of gross revenue generated
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History Of Accounting Marion Clarisse Bonoan Ms. Champion BAF 3M According to the dictionary the word accounting means‚ the process or work of keeping financial accounts. However‚ how did accounting started? Was it just by a simple merchant or entrepreneur who needed a good and stable way to keep track of all his earnings? Or was it by an old mathematician studying ways to calculate how a business would be successful and just so happen to come across such a process? The history of
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Adjusting Entries Yvenie Desire ACCT205-1203A-11 June 9‚ 2012 Adjusting Entries Welcome to the company and as an accounting clerk for the department you will be working a lot with the accounting department and with me. I will be mentoring you on certain aspect of accounting and what needs to be done. First we’ll get started with why adjusting entries are necessary. “Adjusting entries ensures that the correct amount of revenues and expenses are recorded in a specified time period.” (Editorial
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ACF 1000 Assignment 1 Due to be submitted on Wednesday 1 April at midday (12 noon) to your tutor’s assignment box on level 3 of H building‚ Caulfield campus. Please look carefully for the unit code and your tutor’s name on the assignment submission boxes near reception. Avoid submitting to the wrong box! Instructions: 1. Obtain your individual data sheet from your student email account and save a copy. DO NOT DELETE IT. You will need this data for both Assignment 1 and Assignment 2. Each student’s
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