User Account

All Pages

Compute the amount of gain-loss on reclassification

Assignment Help Financial Accounting
Reference no: EM132981921

Question - On January 1, 20X1, ABC acquired 5,000 of XYZ's bonds denominated at P1,000, 12% interest rate, 5 years, intending to collect contractual cash flows. The effective rate in the market at that time is 10%. On December 31, 20X1, the market value of the bonds is P5,250,000. ABC changes its business model into trading. Compute the amount of gain/loss on reclassification on 20X2.

Reference no: EM132981921

Questions Cloud

What protections are provided by a patent : What protections are provided by a patent? How do you obtain one? What is GDPR and what was the motivation behind this regulation?
What does the term information systems ethics mean : What does the term information systems ethics mean? What is a code of ethics? What is one advantage and one disadvantage of a code of ethics?
Will there be cost savings for the company : Budgeted sales and cost of sales of year 2 are the same with year 1 actual data, Php25.2 M and Php14.4 M, will there be cost savings for the company
What does term digital divide mean : What perspective does Ghemawat provide regarding globalization in his book World 3.0? What does term digital divide mean? What are Jakob Nielsen's three stages.
Compute the amount of gain-loss on reclassification : The market value of the bonds is P5,250,000. ABC changes its business model into trading. Compute the amount of gain/loss on reclassification on 20X2
How does friedman define the three eras of globalization : What does the term globalization mean? How does Friedman define the three eras of globalization? Which technologies have had the biggest effect on globalization
What are the hidden and the displayed pieces of organization : Using the iceberg analogy, what are the hidden and the displayed pieces of your organization's culture from an OD perspective? Explain in detail.
What the amount that will be shown : On December 31, 20X2, the fair value turns P109. On December 21, 20X2, what the amount that will be shown in the statement of profit or loss is if this allowed
Moving forward with the knowledge : Moving forward with the knowledge you have gained from this course, as well as any work experience, what issues do you think will become increasingly important

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