Entries by mary WAMBUGU

Alpha company purchased a $1,000, 6%, 6-year bonds at 103 and was held to maturity. The straight line method of amortization is used for both premiums & discounts.

August 26, 2019 in /by

Alpha company purchased a $1,000, 6%, 6-year bonds at 103 and was held to maturity. The straight line method of amortization is used for both premiums & discounts. What is the net cash received over the life of the bond investment?   Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon […]

 

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Bravo Company manufactures quality gentlemen’s clothing. The following selected financial information for the fiscal year 2016 is provided: Item

August 26, 2019 in /by

Bravo Company manufactures quality gentlemen’s clothing. The following selected financial information for the fiscal year 2016 is provided: Item Amount Sales $100,000 Cost of Goods Manufactured 75,000 Direct Material Purchased 40,000 Factory Overhead 10,000 Work in Process – January 1 30,000 Work in Process – December 31 15,000 Direct Material – December 31 10,000 Finished Goods […]

 

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During March 2017, Alpha Corporation recorded $16,500 of costs related to factory overhead. Alpha’s overhead application rate is based on direct labor hours

August 26, 2019 in /by

During March 2017, Alpha Corporation recorded $16,500 of costs related to factory overhead. Alpha’s overhead application rate is based on direct labor hours. The preset formula for overhead application estimated that $15,000 would be incurred, and 10,000 direct labor hours would be worked. During March, 10,200 hours were actually worked. Use this information to determine (round & […]

 

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How did Mr. London’s actions violate his auditor’s independence? What action was KPMG then obliged to take when it learned of Mr. London’s actions?

August 26, 2019 in /by

How did Mr. London’s actions violate his auditor’s independence? What action was KPMG then obliged to take when it learned of Mr. London’s actions?   Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code “Newclient”

 

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