What is the gain or loss on this retirement
A company has bonds outstanding with a par value of $100,000. The unamortized discount on these bonds is $4,500. The company retired these bonds by buying them on the open market at 97. What is the gain or loss on this retirement?
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A company had a beginning balance in retained earnings of $43,900. It had net income of $6,900 and paid out cash dividends of $5,850 in the current period. The ending balance in retained earnings equals?
Assume that the ground beef could be processed into sausage that could be sold for $2.10 per pound to a distributor that wants a special label costing $0.15 per pound attached to the sausage.
Xtreme Sports has $150,000 of 8% noncumulative, nonparticipating, preferred stock outstanding. Xtreme Sports also has $550,000 of common stock outstanding.
Explain role of cost measurement in maintaining the operating and capital budgets via variance analysis
Purchases land having a fair market value of $300,000 by issuing a 5-year, zero-interest-bearing promissory note in the face amount of $505,518.
On January 1, a company issued and sold a $405,000, 5%, 10-year bond payable, and received proceeds of $400,000. Interest is payable each June 30 and December 31.
On January 1, 2012, Osborn Company sold 12% bonds having a maturity value of $800,000 for $860,651.79 which provides the bondholders with a 10% yield.
On January 1 of Year 1, Drum Line Airways issued $3,400,000 of par value bonds for $3,100,000. The bonds pay interest semiannually on January 1 and July 1.
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