Determine the labor productivity-multifactor productivity
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Gonzalez Corporation was authorized to issue $100,000 of 7%, four-year bonds, dated May 1, 2009.
Prepare the adjusting journal entry to record accrued interest on February 28, 2009.
Prepare a schedule to amortize the premium or discount on the bonds using the effective-interest amortization method.
Prepare a comparative schedule of interest expense for each year (2009-2014) for the effective-interest and straight-line methods of amortization.
Compute the labor productivity and the multifactor productivity for each unit. Use an eight-hour day for multifactor productivity.
Record the interest payment on December 1, 2008. Stottard uses the straight-line method of amortization.
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