Par corporation holds 60 percent of short publishing company’s voting shares. par issued $500,000 of 10 percent (paid semiannually) bonds with a 10-year maturity on january 1, 20x2, at 90. on january 1, 20x8, short purchased $100,000 of the par bonds for $106,000. partial trial balances for the two companies on december 31, 20x8, are as follows: accounts par corporation short publishing companyinvestment in short stock $141,000 investment in par bonds $104,676bonds payable $500,000 discount on bonds payable $21,289 interest expense $55,626 interest income $8,676interest payable $25,000 interest receivable $5,000prepare the worksheet consolidation entry or entries needed on december 31, 20x8, to remove the effects of the intercorporate bond ownership in preparing consolidated financial statements.

Kiona co. set up a petty cash fund for payments of small amounts. the following transactions involving the petty cash fund occurred in may (the last month of the company's fiscal year). may 1 prepared a company check for $350 to establish the petty cash fund. 15 prepared a company check to replenish the fund for the following expenditures made since may 1. a. paid $109.20 for janitorial services. b. paid $89.15 for miscellaneous expenses. c. paid postage expenses of $60.90. d. paid $80.01 to the county gazette (the local newspaper) for an advertisement. e. counted $26.84 remaining in the petty cashbox. 16 prepared a company check for $200 to increase the fund to $550. 31 the petty cashier reports that $380.27 cash remains in the fund. a company check is drawn to replenish the fund for the following expenditures made since may 15. f. paid postage expenses of $59.10. g. reimbursed the office manager for business mileage, $47.05. h. paid $48.58 to deliver merchandise to a customer, terms fob destination. 31 the company decides that the may 16 increase in the fund was too large. it reduces the fund by $50, leaving a total of $500.

What type of budget is stated? a budget is a type of financial report that scrutinizes the inflow and outflow of money in a given financial year.

Afinancing project has an initial cash inflow of $42,000 and cash flows of −$15,600, −$22,200, and −$18,000 for years 1 to 3, respectively. the required rate of return is 13 percent. what is the internal rate of return? should the project be accepted?