Describe how bonds payable differ from notes payable
Describe how bonds payable differ from notes payable and how to account for the issuance of bonds at par, at a discount, and at a premium. How is the discount and premium amortized?
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Company uses predetermined overhead (oh) rate. Beg of yr: est mfg oh $248,800. End of yr: actual direct labor hours for the yr 16,800 hrs, mfg oh for the year was underapplied by $17000. Actual mfg oh was $243,800. Predetermined oh rate was?
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