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The 1st of March N, Paul Ltd has lent 120'000 CHF to Mathew Inc. Interest rate is 3% par year. December 31st N (same year) Mathew pays back 13'000 CHF, this amount including the interests and the first installment.
Question 1 : Calculate the amount of interests.
Assume that Suarez will continue to use this asset in the future. As of December 31, 2014, the equipment has a remaining useful life of 4 years. Prepare the journal entry (if any) to record the impairment of the asset at December 31, 2014. Prepare th..
What would the accrued liability for product warranties at month-end be?
Determine whether the following instrument is a negotiable instrument, addressing all the requirements of negotiability in your response. I, James Wyatt, promise to pay $12,000 to Buck’s Bikes in four equal installments of principal, beginning on Jan..
On December 6, Dewey received a deposit from Heidegger Company for a refrigerator to be used at a charity cookout. The deposit of $3,000 will be returned when the refrigerator is returned, most likely in early January. The Company recorded cash sales..
BAO2202 Financial Accounting Assignment. Required: Discuss the concept of fair value (AASB 13) and evaluate how it has either increased or decreased decision useful information for the users of financial statements (Use at least three research arti..
From the perspective of a user of Delacosta's statement of financial position, discuss the importance of proper accounting for goodwill.
What amount of Bad Debt Expense would the company record as an end-of-period adjustment?
Baldwin earned revenue of $184,898,675 and had expenses of $171,196,185. This will cause which of the following changes in equity?
The Covariance of the returns between Willow Stock and Sky Diamond Stock is 0.0940. the Variance of Willow is .1310, and the variance of Sky Diamond is .1240. What is the correlation coefficient between the returns of the two stocks? A stock has an e..
Employees who cheat on their expense accounts usually do so by one of four methods: Mischaracterized expenses. Employees produce legitimate documentation for nonbusiness-related transactions. Example: taking a friend to dinner and charging it to the ..
Horizontal analysis of the balance sheet data for Nike, using 2021 as a base. (If amount and percentage are a decrease show the numbers)
An individual retirement account, or IRA, earns tax-deferred interest and allows the owner TO INVESTarrow-10x10.png up to $5000 each year. Joe and Jill both will make IRA deposits for 30 years (from age 35 to 65) into stock mutual funds yielding 9.6%..
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