Entries by mary WAMBUGU

A company declares a cash dividend on its common stock on December 24, Year One, payable to owners of record on January 2, Year Two, with checks to be mailed on January 9, Year Two.

August 26, 2019 in /by

A company declares a cash dividend on its common stock on December 24, Year One, payable to owners of record on January 2, Year Two, with checks to be mailed on January 9, Year Two. Which of the following statements is true? a) The owners will record the revenue from this transaction in Year Two […]

 

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On April 1, 2016, Alpha Company issued $100,000 of 12%, 10-year bonds. The bonds were issued at par plus accrued interest and are dated January 1, 2016. Interest is paid on July 1 and January 1.

August 26, 2019 in /by

On April 1, 2016, Alpha Company issued $100,000 of 12%, 10-year bonds. The bonds were issued at par plus accrued interest and are dated January 1, 2016. Interest is paid on July 1 and January 1. Use this information to prepare the General Journal entry (without explanation) for the April 1, 2016 issue of the […]

 

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Alpha company purchased a bond investment on January 1, 2017. The bonds have a par of $10,000, pay interest at a 4% annual rate and have 5 years until maturity.

August 26, 2019 in /by

Alpha company purchased a bond investment on January 1, 2017. The bonds have a par of $10,000, pay interest at a 4% annual rate and have 5 years until maturity. What is the total Interest Income that will be reported over the life of the bond investment if the bonds were purchased at 102 and Alpha […]

 

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Assume net income was $200,000; depreciation expense was $10,000; accounts receivable decreased by $15,000; and accounts payable increased by $5,000. The amount of cash flows from operating activities is ______________?

August 26, 2019 in /by

Assume net income was $200,000; depreciation expense was $10,000; accounts receivable decreased by $15,000; and accounts payable increased by $5,000. The amount of cash flows from operating activities is ______________?   Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code “Newclient”

 

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