On January 1, 2019 Crandall Inc. issued $1,000,000 bonds paying an annual stated rate of 6%. Interest is paid semiannually on June 30 and December 31. The bonds mature in 5 years. The annual market rate of interest for similar types of financial instruments is 8%. 1. Compute the bond issuance proceeds received by Crandall and record the bond issuance entry on January 1, 2019.

Which two of the following are benefits of consumer programs

The following pertains to smoke, inc.’s investment in debt securities: on december 31, year 3, smoke reclassified a security acquired during the year for $70,000. it had a $50,000 fair value when it was reclassified from trading to available-for-sale. an available-for-sale security costing $75,000, written down to $30,000 in year 2 because of an other-than-temporary impairment of fair value, had a $60,000 fair value on december 31, year 3. what is the net effect of the above items on smoke’s net income for the year ended december 31, year 3?

bradford, inc., expects to sell 9,000 ceramic vases for $21 each. direct materials costs are $3, direct manufacturing labor is $12, and manufacturing overhead is $3 per vase. the following inventory levels apply to 2019: beginning inventory ending inventory direct materials 3,000 units 3,000 units work-in-process inventory 0 units 0 units finished goods inventory 300 units 500 units what are the 2019 budgeted production costs for direct materials, direct manufacturing labor, and manufacturing overhead, respectively?