ACCT 422 week five individual

ACCT 422 week five - A B C D E F G H I J K L M N O P CL CL CL CL CL CL CL CL CL butCL CL CL CL 160,00

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A. CL B. CL C. Depends on the term of warrenty D. CL E.  CL F. CL G. Depends on the length of the contract H. CL I CL J. CL K. CL L. Depneds on when the claim will be filed but CL M. CL N. CL O. Show in a note or parethetically in capital stock section of the financial stmts P. CL
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 160,000.00   480,000.00   No because Firstar bank will use the 12% interest rate and Nicole Bradtke will use the n  No because the 2080000 exceeds the previous carrying amount of debt of 2 million so   Date   12/31/22007  12/31/2008 12/31/2009 12/31/2010  Notes Payable    Intereset Expen     Cash   Notes Payalbe      Cash 
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 1,600,000.00   2,080,000.00   new effective interest rate based on the present value rate of 10%   they make not adjusting entry   Cash Paid 10%   Interest Exp 1.4276%   Reduc carry amount   carrying amount of note   2,000,000.00   160,000.00   28,552.00 
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This note was uploaded on 09/14/2010 for the course ACC 429 taught by Professor Whitehurst during the Spring '10 term at Chattanooga State.

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ACCT 422 week five - A B C D E F G H I J K L M N O P CL CL CL CL CL CL CL CL CL butCL CL CL CL 160,00

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