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Last Ltdis a manufacturing company that makes loans to other parties from time to time. The loan assets are classified byLast Ltdas subsequently measured atamortised cost.On 1 July 2016,Last Ltdmade the following loan:A 3-year loan of $1 million to Grate Ltdat an interest rate of 15% p.a. due annually in arrears on 30 June each year.
Last Ltd incurred transaction costs of $97,749 in respect of this loan to arrange charges for security. Prepare the entries of Last Ltd to account for this loan from initial recognition on 1 July 16 to de recognition on 30 June 2019.
Boise Corporation issues a two for one disproportionate stock split.
respond to the following the advantage of gantt charts lies in their linkage to the project schedule baseline. explain
kenoly corporation owns a patent that has a carrying amount of 308160. kenoly expects future net cash flows from this
Cincinnati Million, Inc. operates two user divisions as separate cost objects. To determine the costs of each division, the company allocates common costs to the divisions.
what is the difference between a cost and an expense? when does a cost become an expense? do all costs become expenses?
A corporation was organized in January 2004 with authorized capital of $10 par value common stock. On February 1, 2004, shares were issued at par for cash. On March 1, 2004, the corporation's attorney accepted 7,000 shares of common stock in settl..
Crockford Company's working capital is $272,000 and its current liabilities are $340,000. What is the company's current ratio close to?
Accounting Cost Systems and Cost Behavior You are applying for a managerial position at an innovative and rapidly growing company. This is a dynamic company that wants an individual who adds value to the organization. Managers at this company wear ma..
Company purchased a depreciable asset for $600,000. The estimated salvage value is $30,000, and the estimated useful life is 10,000 hours. Bigbie used the asset for 1,100 hours in the current year. The activity method will be used for depreciation..
you are given an annuity immediate paying 22 annually for twenty years. after the twenty years the payments decrease by
Assuming that no other costs are involved in processing potatoesor in selling products, how much money does the company make from processing one batch of the common input into the end products Xand Y? Show work
ranger boat company manufactures small pleasure boats on an assembly-line basis. the units are started in department a.
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