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on january 1 2014 oaken furniture co issued 700000 of 10 bonds and received cash totaling 795141 interest is payable
the tinsley company exchanged land that it had been holding for future plant expansion for a more suitable parcel
connors corporation acquired manufacturing equipment for use in its assembly line below are four independent situations
the fasb accounting standards codification represents the single source of authoritative us generally accepted
the following transactions occur over the remainder of the yearaug1suzie applies for and obtains a 42000 low-interest
access the fasbs codification research system at the fasb website wwwfasborg determine the specific citation for each
on january 1 2011 the marjlee company began construction of an office building to be used as its corporate headquarters
on january 1 2011 the shagri company began construction on a new manufacturing facility for its own use the building
on january 2 2011 the highlands company began construction on a new manufacturing facility for its own use the building
in 2011 space technology company modified its model z2 satellite to incorporate a new communication device the company
delaware company incurred the following research and development costs during 2011the equipment has a seven-year life
obrians department stores allocates the costs of the personnel and payroll departments to three retail sales
janson pharmaceuticals incurred the following costs in 2011 related to a new cancer drugthe development costs were
early in 2011 the excalibur company began developing a new software package to be marketed the project was completed in
the manguino oil company incurred exploration costs in 2011 searching and drilling for oil as followsit was determined
martinez companys relevant range of production is 9500 units to 14500 units nbspwhen it produces and sells 12000 units
the following questions are used in the kaplan cpa review course to study the statement of cash flows while preparing
1 cost drivers area activities that cause costs to increase as the activity increasesb accounting techniques and
the following questions dealing with property plant and equipment and intangible assets are adapted from questions that
tristar production company began operations on september 1 2011 listed below are a number of transactions that occurred
1 a bond with face value 1000 has a current yield of 6 and a coupon rate of 8what is the bonds price 2 a 6-year bond
on january 1 2011 the blackstone corporation purchased a tract of land site number 11 with a building for 600000
e8-9 periodic versus perpetual entriesnbspfong sai-yuk company sells one product presented below is information for
the plant asset and accumulated depreciation accounts of pell corporation had the following balances at december 31
question 1 1a sole proprietorship has a perpetual existencetruefalsequestion 2 2for tax purposes a partnership and a