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Question - On Jan. 1 20x1, Hexatonic Bank extended a P2,000,000, 10% loan to XYZ, Inc. Principals is due on Dec. 31, 20x3 but interests are due annually at each year end. Hexatonic Bank incurred P24,000 direct loan origination costs and P16,000 indirect loan origination costs of, and charged XYZ a 6 point non refundable loan origination fee. Compute the carrying amount of the loan on Dec. 31, 20x1.
At the end of 2019, their fair value was $700,000 and their amortized cost was $600,000. How do get the balance sheet amount
This machinery is considered 7 year MACRS property and also qualifies as §179 property. What is the maximum tax deduction Geronimo Corp. can take for this asset in 2010?
Compute how much cash will increase (decrease) during the month of March. Aelphi Company has budgeted activity for March to reflect net income $100,000.
Finished goods inventory 100000 92000 During 2017, Sunland purchased $1450000 of raw materials, How much raw materials were transferred to production
The cost of the project is $180,000 and it has a $7,200 salvage value. Lewis uses straight-line depreciation. What is the annual net income of the project
Recent dividend distributed RM1. Suppose a firm is expected to increase dividends by 20% in one year and by 15% in two years. Calculate the stock
sinclair companys accumulated depreciation-equipment increased by 6000 while patents decreased by 2200 between balance
E-learnings or electronic learnings are also considered tools for the continuing professional development of firm personnel. "True" or "False"
On January 1, 2020, Ayayai signed an agreement to operate as a franchisee of Hsian Copy Service, Prepare a schedule showing the intangible assets
1.at company purchased a tractor at a cost of 60000 on january 1 2010. the tractor has an estimated residual value of
The Dotson Company, owner of Bleacher Mall, charges Rich Clothing Store a rental fee of $600 per month plus 5% of yearly profits over $500,000. Matt Rich, the owner of the store, directs his accountant, Ron Hamilton, to increase the estimate of ba..
both are paid time and a half for any hours worked over eighthours each workday and work on saturdays and are paid
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