Instructions for the Microsoft Excel Templates by Rex A Schildhouse
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Homework Week 2 Chapter 19
California Surplus Inc. qualifies to use the installment-sales method for tax purposes and sold
an investment on an installment basis. The total gain of $75000 was reported for financial
reporting purposes in the peri
Hurst, Incorporated sold its 8% bonds with a maturity value of $3,000,000 on August 1, 2009 for
$2,946,000. At the time of the sale, the bonds had five years until they reached maturity. Interest on
the bonds is payable semiannually on August 1 and Februa
In each of the following independent cases, it is assumed that the corporation has
$400,000 of 6% preferred stock and $1,600,000 of common stock outstanding, each
having a par value of $10. No dividends have been declared for 2009 and 2010. (a) As of