User Account

All Pages

Calculate the amount at which field should record the note

Assignment Help Financial Accounting
Reference no: EM132487614

Point 1: The Field detergent Company sold merchandise to the Abel Company on June 30, 2018. payment was made in the form of a non interest-bearing note requiring Abel to pay $85,000 on June 30, 2020. Assume that a 10% interest rate properly reflects the time value of money in this situation.

Question 1: Calculate the amount at which Field should record the note receivable and corresponding sales revenue on June 30, 2018.

Reference no: EM132487614

Questions Cloud

Calculate moving-average unit cost for june : Calculate Moving-Average unit cost for June 1, 12, 15, 23 & 27. (Round answers to 3 decimal places, e.g. 2.525.). Calculate cost of goods available for sale
Conceptualization of society and the individual : In his conceptualization of society and the individual, George Herbert Mead discussed which of the following related to the "I" and "Me"?
Compute the participation in the years net income : Determine their participation in the year's net income of $285,000 under each of the independent assumptions No agreement concerning division of net income.
Personal Communication Evaluation Assignment : Personal Communication Evaluation - Discuss your major communication strengths and weaknesses as identified on the personal communication evaluation
Calculate the amount at which field should record the note : Determine and Calculate the amount at which Field should record the note receivable and corresponding sales revenue on June 30, 2018.
Characterize behavior that society or particular institution : Have you or anyone you know ever felt like an "outsider?" or been labeled a troublemaker or any of the terms that are used to characterize behavior
Managing a multinational procedure and corporate governance : Managing a multinational procedure and corporate governance - Discuss the factors that convert a domestic based firm to a multinational organization
Prepare journal entry to record accrued interest at december : Create the journal entry to record the accrued interest at December 31, assuming adjusting entries are made only at the end of the year
What consumer behavior changes has covid-19 create : Discuss what consumer behavior changes has Covid-19 create? (behavior changes in the way people shop/ People's new practices/routines

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd