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  1. Answers
    14
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    13,354

    Effective Interest Method of Amortization

    Silcon Company issued $800,000 of 6%, 10-year bonds on one of its semi-annual interest dates for $690,960 to yield an effective annual rate of 8%. The effective interest method of amortization is to...
  2. Answers
    2
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    1,432

    Intangible Asset

    Which of the following is not an intangible asset arising from a government grant?
    a. Goodwill
    b. Patent
    c. Trademark
    d. Trade name

    I think the answer is d: trade name, but I'm having...
  3. Answers
    5
    Views
    6,373

    Paid-in Capital in Excess of Par Value

    A corporation has the following account balances: Common Stock, $1 par value, $20,000; Paid-in Capital in Excess of Par Value, $900,000. Based on this information, the
    a. legal capital is $920,000...
  4. Answers
    1
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    1,573

    Dividends-Related Liability

    A corporation records a dividend-related liability
    a. On the record date
    b. On the payment date
    c. When dividends are in arrears.
    d. On the declaration date.

    Thank you in advance for any...
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