Martin Company is an 80% Subsidiary of Aston Corp. On January 1, 20X1, MartinCompany issued 10-year term bonds with a par value of $100,000, and a coupon rate of 8%, to Middle Company (a nonaffiliate) at 110. Interest is paid semi-annually on June 30 and December 31. On January 2, 20X3, AstonCorporation purchased the bonds from Middle Company for 104. Both companies use the straight-line method to amortize any bond premium or discount. Prepare all of the eliminating and adjusting entries that would be made on the consolidation worksheet as of December 31, 20X3

Sonic corp. manufactures ski and snowboarding equipment. it has estimated that this year there will be substantial growth in its sales during the winter months. it approaches the bank for credit. what is the purpose of such credit known as? a. expansion b. inventory building c. debt management d. emergency maintenance

Explain how can you avoid conflict by adjusting

Exercise 4-9presented below is information related to martinez corp. for the year 2017.net sales $1,399,500 write-off of inventory due to obsolescence $80,440cost of goods sold 788,200 depreciation expense omitted by accident in 2016 43,600selling expenses 65,800 casualty loss 53,900administrative expenses 53,500 cash dividends declared 43,300dividend revenue 22,100 retained earnings at december 31, 2016 1,042,400interest revenue 7,420 effective tax rate of 34% on all items exercise 4-9 presented below is information relateexercise 4-9 presented below is information relate prepare a multiple-step income statement for 2017. assume that 61,500 shares of common stock are outstanding. (round earnings per share to 2 decimal places, e. g. 1.49.)prepare a separate retained earnings statement for 2017. (list items that increase retained earnings first.)