Doyle Company issued $500,000 of 10-year, 7 percent bonds on January 1, 2016. The bonds were issued at face value. Interest is payable in cash on December 31st of each year. Doyle immediately invested the proceeds from the bond issue in land. The land was leased for an annual cash revenue of $125,000 which was collected on December 31 of every year, beginning 12/31/16.Required: A) Pepare the journal entries for these events and post them to T-accounts for 2016 and 2017. B) Prepare the income statement, balance sheet, a nd statement of cash flows for 2016 and 2017.
Answers: 3
Business, 22.06.2019 19:30
Kirnon clinic uses client-visits as its measure of activity. during july, the clinic budgeted for 3,250 client-visits, but its actual level of activity was 3,160 client-visits. the clinic has provided the following data concerning the formulas to be used in its budgeting: fixed element per month variable element per client-visitrevenue - $ 39.10personnel expenses $ 35,100 $ 10.30medical supplies 1,100 7.10occupancy expenses 8,100 1.10administrative expenses 5,100 0.20total expenses $ 49,400 $ 18.70the activity variance for net operating income in july would be closest to:
Answers: 1
Business, 22.06.2019 21:50
Search engines generate revenue through pay-per-click (each time a user clicks a link to a retailerโs website); pay-per-call (each time a user clicks a link that takes the user to an online agent waiting for a call); or pay-per-conversion (each time a website visitor is converted to a customer)
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Business, 23.06.2019 08:00
If consumers start to believe they need a product, what is likely to happen? a. the demand becomes less elastic. b. the demand becomes more elastic. c. the supply decreases. d. the price decreases.
Answers: 1
Doyle Company issued $500,000 of 10-year, 7 percent bonds on January 1, 2016. The bonds were issued...
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