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22 / 02 / 2025

Project Management Test Final Exam
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22 / 02 / 2025

Project Management Test

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22 / 02 / 2025

Shelby, Inc. issued bonds with a maturity amount of $200,000 and a maturity ten years from date of issue. If the bonds were issued at a premium, this indicates that
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22 / 02 / 2025

On January 1, 2012, Hutton Co. issued eight-year bonds with a face value of $1,000,000 and a stated interest rate of 6%, payable semiannually onJune 30 and December 31.
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22 / 02 / 2025

What amount should Duke report as a liability for stamp redemptions at December 31, 2012?
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22 / 02 / 2025

What amount should be reported as unearned service contract revenues in Smith’s December 31, 2013 balance sheet?
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22 / 02 / 2025

Focus Company’s salaried employees are paid biweekly. Occasionally, advances made to employees are paid back by payroll deductions. Information relating to salaries for the calendar year 2013 is as follows:
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22 / 02 / 2025

On January 1, 2013, Hershey Co. leased a building to Mars Corp. for a ten-year term at an annual rental of $80,000. At inception of the lease, Hershey received $320,000 covering the first two years’ rent of $160,000 and a security deposit of $160,000.

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22 / 02 / 2025

Determine the price of a $200,000 bond issue under each of the following independent assumptions
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22 / 02 / 2025

What was General’s coupon liability as of December 31, 2013?

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22 / 02 / 2025

Compute the weighted average number of shares to be used in computing earnings per share for 2012.
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22 / 02 / 2025

Give the entry for the issuance assuming the par value of the common was $5 and the market value $30, and the par value of the preferred was $40 and the market value $50. (Each valuation is on a per share basis and there are ready markets for each stock.)
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24 / 02 / 2025

Discuss the proper accounting treatment, including any required disclosures, for each situation. Give the rationale for your answers.
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24 / 02 / 2025

On August 31, Demich Co. partially refunded $180,000 of its outstanding 10% note payable made one year ago to Best Fededral Bank by paying $180,000 plus $18,000 interest, having obtained the $198,000 by using $52,400 cash and signing a new one-year $160,
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