Business, 31.07.2019 14:30 pattydixon6
Acorporation has $80,000 in total assets, $36,000 in total liabilities, and a $12,000 credit balance in retained earnings. what is the balance in the contributed capital accounts? a. $44,000. b. $32,000. c. $56,000. d. $48,000.
Answers: 1
Business, 22.06.2019 19:50
At the beginning of 2014, winston corporation issued 10% bonds with a face value of $2,000,000. these bonds mature in five years, and interest is paid semiannually on june 30 and december 31. the bonds were sold for $1,852,800 to yield 12%. winston uses a calendar-year reporting period. using the effective-interest method of amortization, what amount of interest expense should be reported for 2014? (round your answer to the nearest dollar.)
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Acorporation has $80,000 in total assets, $36,000 in total liabilities, and a $12,000 credit balance...
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