On January 1, Marble company obtained a 55,000, 4-year, 5% installment note from Ameribank. The note requires annual payments consisting of principal and interest of $14,772, beginning on December 31 of the current year. The December 31 year 1 carrying amount in the amortization table for this installment note will be equal t:

Brooke contributed equipment, inventory, and $53,000 cash to the partnership. The equipment had a book value of $20,000 amd a market value of $30,000. The inventory had a book value of $50,000, but only had a market value of $15,000,  but only had a market value of $15,000 due to obselescence. The partnership also assumed a $12,000 note payable owed by Brooke that was originally used to purchase the equipment  What amount should be recorded to Brooke’s capital account?

A company used $35,000 of direct materials, incurred $73,000 in direct labor cost, and had 114,000 in factory overhead costs during the period. If beginning and ending workin in process inventories were $28,000 and 32,000 respectively, the cost of goods manufactured was 

If bonds issued by a corporation are sold at a premium, the market rate of interest is;

What type of account is fees earned?

Where on the statement of cash flows would the sale of capital stock be located?

Where on the statement of cash flows would you find dividends paid in cash?

Assume the following sales data for a company: Current year $1,025,000 Preceding year 820,000 What is the percentage increase in sales from the preceeding year to the current year?

The West and East partnership is selling a 35% interest in the partnership to North for $80,000. West and East partnership to North for $80,000. west and East both have capital balances of $50,000. Using the bonus method, what is North’s capital balance immediately after being admitted to the partnership?  

Current liabilities are