quiz - premium bond sell at discount when M rate of...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
FOB free on boat destination : seller owns merchandise until it reaches the destination FOB shipping point :buyer…point of shipment PERPETUAL METHOD: purchase return : AP – inventory. Freight I is adde to inventory acc Earn 300, FICA Taxes 7,65%… state unemployment tax 5% …. Federal unemployment tax 8% . voluntary withholding 20$ . Federal incometax. 15$. State income tax : 8 -> net take home ? 234.05 Event as extraordinary : material . infrequent in occurrence. Unusual in nature . issuance price is not depend on method used to amortize the bond discount or
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: premium bond sell at discount when M rate of interest > state rate interest Serial bonds : mature in a series of installments Inventory is not long term operating asset Types of activities report in statement of cas flows : financing activities not good sold, not sale of business segment , not interest on loan Cant analyzed and managed separately Can chosen for similar items Comprehansive financial state ment analysis alone… false...
View Full Document

This note was uploaded on 06/20/2011 for the course ECON 123 taught by Professor Mrews during the Spring '11 term at Korea Advanced Institute of Science and Technology.

Ask a homework question - tutors are online