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Author Archives: Anonymous

Eagle Corp. purchased a new piece of equipment on January 1,…

Eagle Corp. purchased a new piece of equipment on January 1, 2024.  The equipment had a list price of $110,000, however the seller agreed to allow Eagle Corp. to pay for the equipment in 10 yearly installments of $14,000 on December 31 of each year.  Assuming the note incurs interest at 8% annually, what amount should Eagle Corp. debit the equipment account for on the date of purchase? You must use the honorlock calculator to solve the problem. (round to the nearest dollar).   Answer:  $_______

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Behrens Enterprises is evaluating an action that may boost s…

Behrens Enterprises is evaluating an action that may boost stock price right away.  Which of the following actions is most likely to have a positive effect on the price and why?

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On January 1, 2024, Eagle Corp. issued $6 million of 5 year…

On January 1, 2024, Eagle Corp. issued $6 million of 5 year bonds at a 7% stated interest rate to be paid annually.  Eagle Corp. issued the bonds for $5,763,060 since the market rate of interest was 8%.  What is the total amount of interest expense reported by Eagle Corp. in its 2025 income statement? You must use the honorlock calculator to solve the problem. (round to the nearest dollar).   Answer:  $_______

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Eagle Corp. issues a $951,000, 10% 4 year notes payable on J…

Eagle Corp. issues a $951,000, 10% 4 year notes payable on January 1, 2024.  The note will be repaid in four annual installments of $300,000, each payable at the end of the year (i.e. $300,000 at the end of 2024, $300,000 at the end of 2025, $300,000 at the end of 2026, and $300,000 at the end of 2027).  What is the amount of interest expense that should be recorded by Eagle Corp. in the second year (i.e. on the income statement for the year ended December 31, 2025)?  You must use the honorlock calculator to solve the problem. (round to the nearest dollar).   Answer:  $_______

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On January 1, 2024 Eagle Corp. issued $3,000,000, 12 year, 1…

On January 1, 2024 Eagle Corp. issued $3,000,000, 12 year, 10% bonds.  The bonds pay interest semi-annually.  At the time of issuance the market rate of interest is 6%.  Calculate the issue price of the bond.  You must use the honorlock calculator to solve the problem. (Use the appropriate factor tables and round to the nearest dollar).   Answer:  $_______

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A client with cancer is receiving chemotherapy. Today the wh…

A client with cancer is receiving chemotherapy. Today the white blood cell count is trending down. The provider orders a hematopoietic drug, Neupogen. What is a benefit to using hematopoietic drugs during chemotherapy? 

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A nurse is caring for a patient who has been taking metoclop…

A nurse is caring for a patient who has been taking metoclopramide for 4 months due to nausea with chemotherapy. The nurse should be most concerned with which of the following patient statements? 

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A nurse is advising a patient with hypertension about OTC an…

A nurse is advising a patient with hypertension about OTC antacid choices. Which type would the nurse advise against this patient using? 

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A client with cancer is receiving aldesleukin. The nurse is…

A client with cancer is receiving aldesleukin. The nurse is assessing for capillary leak syndrome. What would concern the nurse, if assessed, that the client is experiencing this adverse effect? 

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A nurse is administering omeprazole. Which action by the nur…

A nurse is administering omeprazole. Which action by the nurse is correct? 

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