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Problem - Ronnie Corporation bought bonds with have a face amount of $5,000,000 on January 1, 2020. The company paid $4,600,000 plus transaction cost of $142,000 for the bond investment. The business model of the entity in managing the financial asset is to collect contractual cash flows that are solely payment of principal and interest and also to sell the bonds in the open market. The company has not elected the fair value option of measuring financial asset. The bonds will mature on December 31, 2022 and pay 6% interest annually on December 31 each year with 8% effective yield. The bonds are quoted at 105 on December 31, 2020 and 110 on December 31, 2021. The bonds are redeemed at face amount on December 31, 2022. Create the journal entries related to the investment in bonds assuming that the bonds are held as Trading Securities (FA @FVPL).
Describing how a company you work for or know in the UAE tries to ensure that its employees and stakeholders behave ethically
Compute the (a) inventory turnover, defined as cost of goods sold divided by average inventory, and (b) days' sales in inventory, defined as 365 times ending inventory divided by cost of goods sold, for both its raw materials inventory and its fin..
BUSSIAF - INTRODUCTION TO ACCOUNTING AND FINANCE - Determine the market value of all sources of capital (excluding retained earnings)
What is the maximum amount that Kelli may deduct for 2018 under the election to expense, assuming she elects to expense the entire $12,000 purchase
Compute the net present value of cash flows. A company is deciding whether to purchase new equipment that costs P5,000,000.
kline company an accrual basis calendar year corporation reported 560000 net income before tax on its financial
Cassandra owns her own business and drives her van 15,000 miles a year for business and 5,000 miles a year for commuting and personal use. She purchases a new.
on july 1 2010 atwater corporation issued 1681700 face value 9 10-year bonds at 1920720. this price resulted in an
Show the effects of the previous transactions on the accounting equation using the following format. Assume the note payable is to be repaid within the year.
Authorized shares is 2000. Issued shares is 1909. Treasury shares is 300. What are outstanding shares
On February 28,2011, Dow sold 60,000 common shares. In keeping with its long-term share repurchase plan, 2,000 shares were retired on July 1. Dow's net income for the year ended December 31,2011, was $2,100,000. The income tax rate is 40%.
In your words, describe operating leverage and how it might be useful to you.
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