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On January 1, 2013, Belk, Inc. had outstanding 440,000 common shares (par $1) th

On January 1, 2013, Belk, Inc. had outstanding 440,000 common shares (par $1) that originally sold for $20 per share, and 4,000 shares of 10% cumulative preferred stock (par $100)…

On January 1, 2013, Belk, Inc. had outstanding 440,000 common shares (par $1) th

On January 1, 2013, Belk, Inc. had outstanding 440,000 common shares (par $1) that originally sold for $20 per share, and 4,000 shares of 10% cumulative preferred stock (par $100)…

On January 1, 2013, Bishop Company issued 10% bonds dated January 1, 2013, with

On January 1, 2013, Bishop Company issued 10% bonds dated January 1, 2013, with a face amount of $20 million. The bonds mature in 2020 (10 years). For bonds of similar risk and ma…

On January 1, 2013, Bogie Corporation had 40,000 common shares outstanding issue

On January 1, 2013, Bogie Corporation had 40,000 common shares outstanding issued at $16 each during 2012. On June 1, 2013, Bogie Corporation issued 5,000 shares of its common sha…

On January 1, 2013, Brian deposited $100,000 in an equity-indexed annuity that e

On January 1, 2013, Brian deposited $100,000 in an equity-indexed annuity that employs the "ratchet" indexing method. During 2013, the stock market index decreased from a beginnin…

On January 1, 2013, Calloway Company leased a machine to Zone Corporation. The l

On January 1, 2013, Calloway Company leased a machine to Zone Corporation. The lease qualifies as a direct financing lease. Calloway paid $290,000 for the machine and is leasing i…

On January 1, 2013, Canseco Plumbing Fixtures purchased equipment for $30,000. R

On January 1, 2013, Canseco Plumbing Fixtures purchased equipment for $30,000. Residual value at the end of an estimated four-year service life is expected to be $2,000. The compa…

On January 1, 2013, Canseco Plumbing Fixtures purchased equipment for $58,000. R

On January 1, 2013, Canseco Plumbing Fixtures purchased equipment for $58,000. Residual value at the end of an estimated four-year service life is expected to be $10,000. The comp…

On January 1, 2013, Compton Co. paid $20,000 for a 20% interest in General Enter

On January 1, 2013, Compton Co. paid $20,000 for a 20% interest in General Enterprises. General's stockholders' equity amounted to $40,000 on that date. The excess of purchase pri…

On January 1, 2013, Cool Universe issued 10% bonds dated January 1, 2013, with a

On January 1, 2013, Cool Universe issued 10% bonds dated January 1, 2013, with a face amount of $20 million. The bonds mature in 2022 (10 years). For bonds of similar risk and mat…

On January 1, 2013, Cool Universe issued 10% bonds dated January 1, 2013, with a

On January 1, 2013, Cool Universe issued 10% bonds dated January 1, 2013, with a face amount of $20 million. The bonds mature in 2022 (10 years). For bonds of similar risk and mat…

On January 1, 2013, Cool Universe issued 10% bonds dated January 1, 2013, with a

On January 1, 2013, Cool Universe issued 10% bonds dated January 1, 2013, with a face amount of $20 million. The bonds mature in 2022 (10 years). For bonds of similar risk and mat…

On January 1, 2013, Credit Inc. recorded goodwill valued at $270,000 when it acq

On January 1, 2013, Credit Inc. recorded goodwill valued at $270,000 when it acquired the assets of another company. At the end of 2014, the auditors of Credit Inc. determined tha…

On January 1, 2013, Dagwood Company purchased at par 10% bonds having a maturity

On January 1, 2013, Dagwood Company purchased at par 10% bonds having a maturity value of $317,400. They are dated January 1, 2013, and mature January 1, 2018, with interest recei…

On January 1, 2013, Dagwood Company purchased at par 11% bonds having a maturity

On January 1, 2013, Dagwood Company purchased at par 11% bonds having a maturity value of S309,500. They are dated January 1, 2013, and mature January 1, 2018, with interest recei…

On January 1, 2013, Daisy Corporation leased equipment, agreeing to pay $8,200 e

On January 1, 2013, Daisy Corporation leased equipment, agreeing to pay $8,200 every December 31 for the entire four years of the lease. The present value of the lease payments, a…

On January 1, 2013, Dominquez Inc. purchased equipment at a cost of $300,000. Th

On January 1, 2013, Dominquez Inc. purchased equipment at a cost of $300,000. The equipment has an estimated salvage value of $20,000. The equipment has an estimated useful life o…

On January 1, 2013, Drennen, Inc., issued $3 million face amount of 10-year, 14%

On January 1, 2013, Drennen, Inc., issued $3 million face amount of 10-year, 14% stated rate bonds when market interest rates were 12%. The bonds pay semiannual interest each June…

On January 1, 2013, Flippy enters into an agreement with State Finance Corporati

On January 1, 2013, Flippy enters into an agreement with State Finance Corporation to sell a group of receivables without recourse. The total face value of the receivables is $150…

On January 1, 2013, G Corp. granted stock options to key employees for the purch

On January 1, 2013, G Corp. granted stock options to key employees for the purchase of 89,000 shares of the company's common stock at $24 per share. The options are intended to co…

On January 1, 2013, G Corp. granted stock options to key employees for the purch

On January 1, 2013, G Corp. granted stock options to key employees for the purchase of 89,000 shares of the company's common stock at $22 per share. The options are intended to co…

On January 1, 2013, G Corporation agreed to grant all its employees two weeks pa

On January 1, 2013, G Corporation agreed to grant all its employees two weeks paid vacation each year, with the stipulation that vacations earned each year can be taken the follow…

On January 1, 2013, Garner issued 10-year, $100,000 face value, 6% bonds at par.

On January 1, 2013, Garner issued 10-year, $100,000 face value, 6% bonds at par. Each $1,000 bond is convertible into 30 shares of Garner $2 par value common stock. The company ha…

On January 1, 2013, Garner issued 10-year, $100,000 face value, 6% bonds at par.

On January 1, 2013, Garner issued 10-year, $100,000 face value, 6% bonds at par. Each $1,000 bond is convertible into 30 shares of Garner $2 par value common stock. The company ha…

On January 1, 2013, Garner issued 10-year, $200,000 face value, 6% bonds at par.

On January 1, 2013, Garner issued 10-year, $200,000 face value, 6% bonds at par. Each $1,000 bond is convertible into 30 shares of Garner $2 par value common stock. The company ha…

On January 1, 2013, Garner issued 10-year, $200,000 face value, 6% bonds at par.

On January 1, 2013, Garner issued 10-year, $200,000 face value, 6% bonds at par. Each $1,000 bond is convertible into 30 shares of Garner $2 par value common stock. The company ha…

On January 1, 2013, Gless Textiles issued $29 million of 8%, 20-year convertible

On January 1, 2013, Gless Textiles issued $29 million of 8%, 20-year convertible bonds at 101. The bonds pay interest on June 30 and December 31. Each $1,000 bond is convertible i…

On January 1, 2013, Green Corporation purchased 36% of the outstanding voting co

On January 1, 2013, Green Corporation purchased 36% of the outstanding voting common stock of Gold Company for $300,400. The book value of the acquired shares was $275,550. The ex…

On January 1, 2013, Greeninc. purchased a $600,000 12%, 5 year, bond for $645,48

On January 1, 2013, Greeninc. purchased a $600,000 12%, 5 year, bond for $645,488.88.The bond provides a return of 10% with interest receivable at December 31 of each year. The bo…

On January 1, 2013, Hackman corporation issues $1million face value 8% bonds dat

On January 1, 2013, Hackman corporation issues $1million face value 8% bonds dated January 1, 2013, for $1,038,000. The bonds pay interest semiannually on June 30 and December 31 …

On January 1, 2013, Hanley Corporation granted incentive stock options to purcha

On January 1, 2013, Hanley Corporation granted incentive stock options to purchase 22,500 of its common shares at $8 each. The options are exercisable after one year. The market p…

On January 1, 2013, Holbrook Company leased a building under a three-year operat

On January 1, 2013, Holbrook Company leased a building under a three-year operating lease from Thornhill Companies. The annual rental payments are $40,000 on January 1, 2013; $30,…

On January 1, 2013, Innovative Solutions, Inc., issued $200,000 in bonds at face

On January 1, 2013, Innovative Solutions, Inc., issued $200,000 in bonds at face value. The bonds have a stated interest rate of 6 percent. The bonds mature in 10 years and pay in…

On January 1, 2013, Ithaca Corp. purchases Cortland Inc. bonds that have a face

On January 1, 2013, Ithaca Corp. purchases Cortland Inc. bonds that have a face value of $160,000. The Cortland bonds have a stated interest rate of 5%. Interest is paid semiannua…

On January 1, 2013, JWS Corporation issued $693,000 of 7% bonds, due in 10 years

On January 1, 2013, JWS Corporation issued $693,000 of 7% bonds, due in 10 years. The bonds were issued for $645,911, and pay interest each July 1 and January 1. JWS uses the effe…

On January 1, 2013, JWS Corporation issued $723,000 of 9% bonds, due in 10 years

On January 1, 2013, JWS Corporation issued $723,000 of 9% bonds, due in 10 years. The bonds were issued for $677,949, and pay interest each July 1 and January 1. JWS uses the effe…

On January 1, 2013, Kelly Corporation acquired bonds with a face value of $500,0

On January 1, 2013, Kelly Corporation acquired bonds with a face value of $500,000 for $483,841.79, a price that yields a 10% effective annual interest rate. The bonds carry a 9% …

On January 1, 2013, Kelly Corporation acquired bonds with a face value of $500,0

On January 1, 2013, Kelly Corporation acquired bonds with a face value of $500,000 for $483,841.79, a price that yields a 10% effective annual interest rate. The bonds carry a 9% …

On January 1, 2013, Kendall Inc. began construction of an automated cattle feede

On January 1, 2013, Kendall Inc. began construction of an automated cattle feeder system. The system was finished and ready for use on September 30, 2014. Expenditures on the proj…

On January 1, 2013, Kendall Inc. began construction of an automated cattle feede

On January 1, 2013, Kendall Inc. began construction of an automated cattle feeder system. The system was finished and ready for use on September 30, 2014. Expenditures on the proj…

On January 1, 2013, Korn Corp. granted an employee an option to purchase 6,000 s

On January 1, 2013, Korn Corp. granted an employee an option to purchase 6,000 shares of Korn's $2 par common stock at $22 per share. The options became exercisable on December 31…

On January 1, 2013, Learned, Inc., issued $15 million face amount of 20-year, 18

On January 1, 2013, Learned, Inc., issued $15 million face amount of 20-year, 18% stated rate bonds when market interest rates were 20% The bonds pay interest semiannually each Ju…

On January 1, 2013, Lowry Company issued eight-year bonds with a face value of $

On January 1, 2013, Lowry Company issued eight-year bonds with a face value of $500,000 and a stated interest rate of 12%, payable semiannually on June 30 and December 31. The mar…

On January 1, 2013, Lowry Company issued eight-year bonds with a face value of $

On January 1, 2013, Lowry Company issued eight-year bonds with a face value of $500,000 and a stated interest rate of 12%, payable semiannually on June 30 and December 31. The mar…

On January 1, 2013, Lowry Company issued eight-year bonds with a face value of $

On January 1, 2013, Lowry Company issued eight-year bonds with a face value of $500,000 and a stated interest rate of 12%, payable semiannually on June 30 and December 31. The mar…

On January 1, 2013, Lowry Company issued ten-year bonds with a face value of $50

On January 1, 2013, Lowry Company issued ten-year bonds with a face value of $500,000 and a stated interest rate of 10%, payable semiannually on June 30 and December 31. The marke…

On January 1, 2013, Lowry Company issued ten-year bonds with a face value of $50

On January 1, 2013, Lowry Company issued ten-year bonds with a face value of $500,000 and a stated interest rate of 10%, payable semiannually on June 30 and December 31. The marke…

On January 1, 2013, Lowry Company issued ten-year bonds with a face value of $50

On January 1, 2013, Lowry Company issued ten-year bonds with a face value of $500,000 and a stated interest rate of 10%, payable semiannually on June 30 and December 31. The marke…

On January 1, 2013, Lurline Corporation issued ten-year, 8 percent bonds with a

On January 1, 2013, Lurline Corporation issued ten-year, 8 percent bonds with a face value of $500,000. The semi-annual interest dates are June 30 and December 31. The bonds were …

On January 1, 2013, Lyndon Systems granted its top executives options to purchas

On January 1, 2013, Lyndon Systems granted its top executives options to purchase 6,000 shares of common stock (par $2) at an exercise price of $20 per share, the market price on …