=+PE 14-7B Journalizing installment notes obj. 4 EE 14-7 p. 631 Exercises Miller Co., which produces and
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=+PE 14-7B Journalizing installment notes obj. 4 EE 14-7 p. 631 Exercises Miller Co., which produces and sells skiing equipment, is financed as follows:
Bonds payable, 10% (issued at face amount) $10,000,000 Preferred $1 stock, $10 par 10,000,000 Common stock, $25 par 10,000,000 Income tax is estimated at 40% of income.
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