Equal annual end-of-year deposits
Problem: To accumulate $8,000 by the end of 5 years by making equal annual end-of-year deposits for the next 5 years. If earning 7% on the investments, how much must be deposited at the end of each year to meet the goal?
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1) Prepare a bond amortization schedule. 2) Prepare all journal entries made for the issuance of the bonds, and the October 1, 2006 and April 1, 2008 interest payments. 3) Prepare the adjusting entry on December 31, 2012.
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Crasler Company's net income last year was $100,000. The company paid preferred dividends of $20,000 and its average common stockholders' equity was $580,000. The company's return on common stockholders' equity for the year was closest to:
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