Precision castparts, a manufacturer of processed engine parts in the automotive and airline industries, borrows $39.1 million cash on october 1, 2021, to provide working capital for anticipated expansion. precision signs a one-year, 9% promissory note to midwest bank under a prearranged short-term line of credit. interest on the note is payable at maturity. each firm has a december 31 year-end. 3. prepare the journal entries on september 30, 2022, to record payment of the notes payable at maturity.
Answers: 1
Another question on Business
Business, 22.06.2019 16:50
Coop inc. owns 40% of chicken inc., both coop and chicken are corporations. chicken pays coop a dividend of $10,000 in the current year. chicken also reports financial accounting earnings of $20,000 for that year. assume coop follows the general rule of accounting for investment in chicken. what is the amount and nature of the book-tax difference to coop associated with the dividend distribution (ignoring the dividends received deduction)?
Answers: 2
Business, 23.06.2019 00:30
Kim davis is in the 40 percent personal tax bracket. she is considering investing in hca(taxable) bonds that carry a 12 percent interest rate. what is her after- tax yield(interest rate) on the bonds?
Answers: 1
Business, 23.06.2019 02:00
Andrea's opportunity cost rate is 12 percent compounded annually. how much must he deposit in an account today if he wants to receive $2,100 at the beginning of each of the next seven years? use the equation method to determine the amount.
Answers: 3
Business, 23.06.2019 21:30
The general willingness of consumers to purchase a product at various prices is
Answers: 1
You know the right answer?
Precision castparts, a manufacturer of processed engine parts in the automotive and airline industri...
Questions
Mathematics, 05.05.2020 14:32
English, 05.05.2020 14:32
Chemistry, 05.05.2020 14:32
Mathematics, 05.05.2020 14:32
Chemistry, 05.05.2020 14:33
Computers and Technology, 05.05.2020 14:33
French, 05.05.2020 14:33
History, 05.05.2020 14:33
