excess of par- common stock 129‚600 Calculation: Total premium (3‚000‚000x0.02) = $60‚000 Premium amortization ($50‚000x2/10) = $12‚000 Balance = $48‚000 Bond converted ($600‚000/3‚000‚000) = 20% Related premium ($48‚000x20%) = $9‚600 C. March 31‚ 2013 Interest expense 11‚700 Premium on bond payable 300 (9‚600/ 8 years) x3/12 Interest payable ($600‚000x8%x3/12) 12‚000 March 31‚ 2013 Bonds payable 600‚000 Premium on bond
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management decides it is appropriate to do so. b. the product is available for sale to the ultimate consumer. c. the entire amount receivable has been collected from the customer and there remains no further warranty liability. d. none of these. Chapter 3 10. An accounting record into which the essential facts and figures in connection with all transactions are initially recorded is called the a. ledger. b. account. c. trial balance. d. none of these. 11. When an item of expense
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and other financial statements. Preparation of balance sheet; issues of format‚ terminology‚ and valuation. Subsequent events. Questions 1‚ 2‚ 3‚ 5‚ 6‚ 7‚ 10‚ 18‚ 21‚ 24‚ 25 11‚ 12‚ 13‚ 14‚ 15‚ 16‚ 18‚ 19 4‚ 7‚ 8‚ 9‚ 16‚ 17‚ 20‚ 23‚ 26 22 1 Brief Exercises Exercises Problems 2. 1‚ 2‚ 3‚ 4‚ 5‚ 6‚ 7‚ 8‚ 9‚ 10‚ 11 1‚ 2‚ 3‚ 6‚ 7‚ 8‚ 9‚ 10 4‚ 5‚ 6‚ 7‚ 11‚ 12 13‚ 14 1‚ 2‚ 3‚ 4‚ 5 6 3. 4. © 2008 For Instructor Use Only 4-1 ASSIGNMENT CLASSIFICATION TABLE (BY LEARNING OBJECTIVE)
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WEEK 7 RESEARCH PROJECT (SET #1) DeVry University Acct 429-Professor Woodard Rosa Leon TAX FILE MEMORANDUM-1st Assignment FROM: Rosa Leon SUBJECT: Tracy Meal Deduction Question Today I talked to Tracey taxpayer with respect to her question regarding the meal deductions. Tracey is a sales representative for a national pharmaceutical company. FACTS: She has a rather large sales territory‚ and she makes her rounds to her customers using acompany-owned car over a 16- to 19-hour period of
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Hayley Wicks ACCT 540 Week 4: Course Project (Case 1) Typically‚ hedging strategies are implemented as a means of protection. The dictionary tells us that hedging strategies involve making counterbalancing investments in order to avoid a loss. With regards to the futures market‚ hedging strategies involve a position in the market that is the opposite of an entity’s current position. Any gain or loss in the cash market is usually followed by a counterbalanced effect in the futures market since the
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Does treasury stock represent? A. Shares of ownership in the United States Treasury Department. B. A current asset. C. Authorized shares that have never been issued. D. Previously outstanding shares that have been repurchased by the issuing company. 8. 83. Stock that had been issued by a corporation and later reacquired is classified as: A. Treasury stock. B.
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Put the course project in the dropbox for the project in week 8 Grading Rubrics Category Points % Description Making proper selection of accounts relative to the balance sheet or the income statement 20 20 From the provided listing of accounts determine which accounts are Balance Sheet accounts and which accounts are Income Statement accounts. Putting the accounts into the proper subgroup according to functionality 10 10 Each account belongs to a particular subgroup. The student is
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estimated that the remaining useful life of the trademark was 10 years. Its unamortized cost on Royce’s books was $800‚000. In Klein’s 2011 income statement‚ what amount should be reported as amortization expense? (Points : 5) $100‚000 $80‚000 $50‚000 $40‚000 Question 5. 5. (TCO C) Harrel Company acquired a patent on an oil extraction technique on January 1‚ 2010 for $5‚000‚000. It was expected to have a 10-year life and no residual value. Harrel uses straight-line
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CHAPTER 8 STOCKS AND THEIR VALUATION (Difficulty: E = Easy‚ M = Medium‚ and T = Tough) Multiple Choice: Conceptual Easy: Required return Answer: e Diff: E [i]. An increase in a firm’s expected growth rate would normally cause the firm’s required rate of return to a. Increase. b. Decrease. c. Fluctuate. d. Remain constant. e. Possibly increase‚ possibly decrease‚ or possibly remain unchanged. Required return Answer: d Diff: E [ii]
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Jason A. Kautz University of Nebraska-Lincoln Matthew Lukeman Acadia University Copyright © 2014 Pearson Canada Inc. Slide 10-1 Q1: PCl3 is an industrial chemical used in many herbicides and insecticides. What is the molecular shape of PCl3? 1A) bent 2B) tetrahedral 3C) trigonal pyramidal 4D) T-shaped 5E) trigonal planar Copyright © 2014 Pearson Canada Inc. Slide 10-2 Q2: What is the approximate angle of the O─C─O bond in the citric acid molecule below? O O OH OH HO 1A) 120° 2B) 109.5°
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