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On December 31, 2010, a corporation issued $200,000 face value, 12 percent bonds that mature 10 years from the date of issue. The issue price was 97. If the firm uses the straight-line method of amortization, interest expense for 2011 will be reported at
Weegy: 24,000 User: Retained Earnings Appropriated for Bond Retirement appears as a separate line item Weegy: Any unappropriated retained earnings that are specifically not to be used for dividend payments. Appropriated retained earnings can be used for many purposes, such as improving infrastructure, R&D or marketing. [ They are not passed on directly to shareholders in any form.Any amount of appropriated retained earnings that are not ... (More)
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Updated 9/23/2012 2:45:49 PM
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corporation paid $104,000 to retire bonds with a face value of $100,000 and an unamortized premium balance of $3,000. The entry to record the early retirement of the bonds will include the recognition of a loss of
Weegy: the answer is $1,000 User: A bond sinking fund investment is started on January 5, 2010, by transferring $10,000 in cash to the fund. This $10,000 is invested and earns $1,100 during 2010. The entry to record the earnings made on the sinking fund investment includes Weegy: The entry to record the earnings made on the sinking fund investment includes a debit to Cash for $1,100 and a credit to Income from Sinking Fund Investment for ... (More)
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Asked 9/23/2012 2:12:13 PM
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When the issuing corporation has the right to require the owners to surrender the bonds for payment before the maturity date of the bonds, the bonds are referred to as
Weegy: issuing corporation has the right to require the owners to surrender the bonds for payment before the maturity date of the bonds, [ the bonds are referred to as A. serial bonds. [ ] User: The corporation must maintain a subsidiary ledger showing who owns the bonds and is entitled to receive interest payments if the bonds are (More)
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Asked 9/23/2012 2:16:22 PM
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What interested parties may perform financial statement analyses of a company and for what purpose?
Weegy: This task is normally performed by an accountant who would look at items like gross sales, company assets, and liabilities to determine how much a business is actually worth. [ Once each financial aspect of the company is reviewed, a detailed report can then be generated to provide information to any interested party. Sometimes a financial statement analysis is for much more specific reasons. If there are investors that hold stock in a ... (More)
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Asked 9/23/2012 2:46:41 PM
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Would you perform financial statement analysis, or rely on the findings of a rating agency for your needs?
Weegy: I think it is better to perform a financial statement analysis instead of relying on the findings of a rating agency. [ This is because, the statement will clearly show you where you need to improve and where you have improved. ] (More)
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Asked 9/23/2012 2:56:51 PM
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Weegy: 1/4 (2x ? 12) = 2/3 (3x + 9); 1/2x - 3 = 2x + 6; 1/2x - 2x = 6 + 3; -3/2x = 9; x = 9 ? (-3/2); x = 9 * ...
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Weegy: 8/7/9=(8/7)/9= 1.143/9=0.127;
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Weegy: A. Unnatural selection would be a title that reflects the main idea of the poem. User: In “The Soul Selects ...
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