On January 1,2016, McKeown, Inc., issued $250,000 of 8%, 9year bonds for $220,776, yielding a market (yield) rate of 10%. Semiannual interest is payable on June 30 and December 31 of each year.
a) Show computations to confirm the bond issue price
b) Prepare journal entries to record the bond issuance, semiannual interest payment and discount amortization on June 30, 2016, and semiannual interest payment and discount amortization on December 31, 2016. Use the effective interest rate.
c) Post the journal entries from part b) to their respective T-accounts
d) Record each of the transactions from part b) in the financial statement effects template
In: Accounting
Consolidation at the end of the first year subsequent to date of acquisition—Equity method (purchase price equals book value) Assume that a parent company acquires its subsidiary on January 1, 2016, by exchanging 40,000 shares of its $1 par value Common Stock, with a market value on the acquisition date of $28 per share, for all of the outstanding voting shares of the acquiree. You have been charged with preparing the consolidation of these two companies at the end of the first year. On the acquisition date, all of the subsidiary’s assets and liabilities had fair values equaling their book values. Following are financial statements of the parent and its subsidiary for the year ended December 31, 2016.
In: Accounting
Question text
Computing
Depreciation Expense.
Equipment costing $580,000, with an expected scrap value of $60,000
and an estimated useful life of 5 years, was purchased on January
1, 2012.
Calculate the depreciation expense for years 2012 to 2016 using: (a) the straight-line method and (b) the double-declining-balance method.
Round to the nearest whole number.
| 2012 | 2013 | 2014 | 2015 | 2016 | |
|---|---|---|---|---|---|
| Straight-line depreciation |
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| Double-declining balance | |||||
| (a) without straight-line switch-over |
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| (b) with straight-line switch-over |
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In: Accounting
(Show Work and Calculations)
On December 31, 2016, Larkspur Corporation signed a 5-year,
non-cancelable lease for a machine. The terms of the lease called
for Larkspur to make annual payments of $9,399 at the beginning of
each year, starting December 31, 2016. The machine has an estimated
useful life of 6 years and a $4,700 unguaranteed residual value.
The machine reverts back to the lessor at the end of the lease
term. Larkspur uses the straight-line method of depreciation for
all of its plant assets. Larkspur’s incremental borrowing rate is
6%, and the lessor’s implicit rate is unknown.
1. What type of lease is this
2. Compute the present value of the lease payments.
In: Accounting
For this assignment, you will select a current research paper (published since 2016) to review. You may select any research paper that is related to Data Science or Big Data Analytics. I strongly recommend that you start your search at Google Scholar . Once you enter your search term(s), select the "Since 2016" link on the left. Feel free to choose ANY relevant paper. (I would recommend that you select one that you can read and summarize in a reasonable amount of time. Don't select a 100 page paper!)
Need 200 words review on that paper
Please Don't rewrite already existing chegg answers
In: Computer Science
A. Journalize the following transactions and post them to ledger. From the following transactions of Phoenix Inc for Oct ,2016. (i)Journalize the below transactions (ii)Post the Journal entries in to ledger accounts Date Transactions 2016 Oct 1 Niel started business with cash $ 800,000 Oct 2 purchased goods worth $ 3000 Oct 15 Sold goods for $ 25000 Oct 18 Purchased stationeries $4000 Oct 23 Purchased furniture for $ 24,000 Oct 25 Paid electricity charges with cash $3000 Oct 26 Paid Salary $18000 Oct 28 Paid rent $500 B. “Bookkeeping is synonymous to accounting” Analyse this statement.
In: Accounting
Question 1: Part 1
Write SQL statements for the following queries from the ‘EMPLOYEE’ table in the WPC Database in MySQL:
In: Computer Science
In these brief short-answer problems, provide examples from your own life which apply to these economic questions: Name a time you were indifferent between two goods. What were they? What made you indifferent between them? Name a time there was a change (higher or lower) in your budget for two goods. What were they? How did the change affect your consumption choices? Name a time you believe you applied the utility maximization rule. What were the goods or services you chose to maximize your utility? How did this relate to your budget constraint?
In: Economics
Name the four major regions of the brain and the distinct structures of each.
From superficial to deep, name the layers that constitute the cranial meninges.
What is the function of the ascending and descending tracts in the medulla oblongata?
Describe the arbor vitae, including its makeup, location, and function.
Name the main components of the diencephalon.
Which region of the limbic system is particularly important for the storage and retrieval of long-term memories?
Identify the lobes of the cerebrum and indicate the basis for their names.
Which senses are affected by damage to the temporal lobes?
Describe the four brain wave types associated with an EEG.
Which cranial nerves have motor functions only?
please type it
In: Anatomy and Physiology
The Payroll Department keeps a list of employee information for each pay period in a text file. The format of each line of the file is the following: Write a program that inputs a filename from the user and prints to the terminal a report of the wages paid to the employees for the given period. The report should be in tabular format with the appropriate header. Each line should contain: An employee’s name The hours worked The wages paid for that period. An example of the program input and output is shown below: Enter the file name: data.txt Name Hours Total Pay Lambert 34 357.00 Osborne 22 137.50 Giacometti 5 503.50 Python code please.
In: Computer Science