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Prepare journal entries to record the inception of the contract, the change in its fair value at year-end and the additional margin payment, and its maturity.
The entrepreneur who founded the company is convinced that sales will increase next year by 150% and that net operating income will increase by 400%, with no increase in average operating assets. Wh
On november 15,2010 betty corportion accepted notes receivable in place of an outstanding account receivable in the amount of 138460.the notes due on 90 days and na interest rate 7.5%.what would be
How you would demonstrate, by example, the importance of security and then propose a method for creating a "security aware" culture. Also how would you evaluate how much accountability for AIS secur
On october 1, 2012, marcus corporation purchased $20,000 of 6% bonds of roberts corporation, due in 8 1/2 years. the bonds were purchased at a price of $17,561 plus interest of $300 accrued from Jul
Capital rationing uses the following measures to determine the funding of projects except.
Suppose in year 2011 the risk free rate was 6% the market free rate was 9% and the beta of the share was 1.54. Calculate the costs of equity ?
Prepare the journal entry to record pension expense and the employers' contribution to the pension plan in 2011.
On September 3, 2008, Jackson Corporation purchases goods for a U.S. dollar equivalent of $17,000 from a Swiss company. The transaction is denominated in Swiss francs (SFr).
The exercise price is the market price of the shares on the date of grant, $14 per share. The fair value of the 4 million options, estimated by an appropriate option pricing model, is $3 per option.
You bought a share of 5.5 % preferred stock for $92.18 last year. The market price for your stock is now $94.17. What is your total return for last year?
No contributions have been made for 20X5 pension cost. In its December 31, 20X5 balance sheet Jerry should report an accrued pension cost of:
Six months later, Brewer received a telephone call from Merkle and was informed that the company was in serious financial trouble.
Mr. Horris dies on June 30 of the current year. Based on the following facts, compute his gross estate.
The Meyers Pharmaceutical Company, a drug manufacturer, has the following internal controls for billing and recording accounts receivable
The following information is available for Barkley Company's patents:Barkley would record a loss on impairment of:
The following information is available for the Burge Corporation for 2011: finished goods inventory on January 1, 2011
Mega Inc, has common stock and 6% preferred stock outstanding as follows: Preferred stock: 10,000 shares, $100 par value, cumulative. Common stock 50,000 shares, $50 par value.
Carleton Service Center just purchased an automobile hoist for $14,803. The hoist has a 5-year life and an estimated salvage value of $1,394. Installation costs were $2,841, and freight charges were
The project would require additional working capital of $8,000 which would be released at the end of the project. The company's tax rate is 30% and it's discount rate is 15%. What is the net present
The net advantage (incremental income) of processing Special Export further into Prime and Feline Surprise would be:
Construct the journal entries Company X will pass on 1st January, 30th June and 31st December with respect to its acquisition, utilization and trade of carbon emission units.
Mellie Computer Devices Inc. is considering the introduction of a new printer. The company's accountant had prepared an analysis computing the target cost per unit
On that date, K acquired all its outstanding bonds on the open market at 98 and retired them. At June 30, 2011, what amount should K recognize as gain before income taxes on redemption of bonds?
Morino Corporation reported cash provided by operating activities of $360,000, cash used by investing activities of $250,000, and cash provided by financing activities of $70,000. In addition, cash