Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question: On January 01, 2019, ABC Corp. Purchased XYZ Company bonds when the market interest rate was 8%. The XYZ bonds had a $500,000 maturity value, paid 6% interest semi-annually on June 30th and December 31st, and had a five year life. ABC Corp.'s year-end is at December 31.
ABC Corp uses IFRS for reporting purposes, therefore, will be using Effective-Interest Method.Required:a) Calculate the price paid by ABC Corp. for the bonds.b) Prepare the journal entry to record the purchase of the bonds.c) Complete the table below that shows the interest revenue, carrying value of bonds, using the effective interest method.
Period
Cash Payment
Interest Revenue
Amortization
Carry Value
0
a.
b.
c.
d.
1
e.
f.
g.
h.
2
i.
j.
k.
l.
3
m.
n.
o.
p.
d) Provide the journal entry to record the interest revenue on June 30, 2019.
Discuss the LEGAL PRINCIPLES concerning the performance of the contract, APPLY the legal principles, and CONCLUDE on whether Diego Toh could discharge
stackhouse international inc. completed its first year of operations on june 30 2010. the firms income statement for
in 2003 a construction materials manufacturing company construct purchased a tract of property located in new york city
The expectation is that investors will receive only 80% of face value at maturity. If they buy the bond today, what yield to maturity do they expect to receive?
Ash has $80,000 of active business income and $20,000 of portfolio income. How much of the passive activity loss may Ash use to offset
How many days of personal use and how many days of rental use did Junior experience on the property during the year
The Grandma Corporation manufactures two products - cookies and candy. Compute the contribution margin per "unit."
List four of the requirement an accounting system is required to fulfil. Explain the concept of intellectual property law in relation in engineering work.
Select the accounts that are part of shareholders' equity. Then prepare the shareholders' equity section of the balance sheet on December 31, 2021
Question - What is a report on internal controls? What types of modifications are there to the standard report on auditee's controls
Mona viewed herself as a creative individual who had chosen to go to law school for economic reasons. Mona's undergraduate majors were creative writing and American Indian studies.
Bill wants to attend a college with a current tuition of $10,000 a year. Roughly how much will Bill need to save for one-year's
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd