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!
On July 1, 20X1, Hathaway Inc. purchased a $100,000, five-year, 6% bond when the market rate of interest was 7%. Interest was payable semi-annually on June 30 and December 31. The price paid for the bond was $95,842. Hathaway has a December 31 year end and reports its financial results in accordance with IFRS. Hathaway irrevocably elects to classify this investment at FVPL to significantly reduce a measurement inconsistency. On December 31, 20X1, the bond was actively trading for $96,900.
Question 1: How much income will Hathaway recognize on its financial statement for the year ended December 31, 20X1, relating to this investment?
a) $1,058
b) $3,355
c) $4,058
d) $4,413
Find What are the benefits of the corporation in comparison with the partnership and proprietorship structures? How is equity treated and reported differently.
Sarah is the sole owner of Bluegrass Corporation. The basis and value of her stock investment in Bluegrass are approximately $100,000. In addition, she manages Bluegrass's operations on a full time basis and pays herself an annual salary of $40,000.
During July, Laesch Company, which uses a perpetual inventory system, sold 1,380 units from its LIFO-based inventory, which had originally cost $15 per unit. Prepare the entry in July to record the sale of the 1,380 units. Prepare the entry for the r..
Determine whether the assembly line is impaired, and if so, the amount of the impairment. If there is an impairment, prepare the adjusting journal entry.
Complete cash budget for June and July, including any loan activity and interest expense. Calculate the loan balance at the end of each month.
Barksdale Manufacturing Inc. produces its products in batches containing 100 units. Barksdale randomly samples 15 of the units in each batch for quality control. The costs of performing these random sample tests would most likely be which type of qua..
Walters, a grower of Christmas trees, contracted to supply Traynor with “top-quality trees.” When the shipment arrived and was inspected, Traynor discovered that some of the trees were not top quality. Within 24 hours, Traynor notified Walters that h..
If you were a manager at that company, what kind of ratios would you want to see? How do you think these ratios would help you in your decision-making?
Petty cash on hand was $133. Replenished the petty cash fund for the following disbursements, each evidenced by a petty cash receipt
Journal entries for legal expenses incurred in contesting the insurance settlement
R5 750 for the day. Which of the following represents the correct posting for the above transaction? Journal VAT input VAT output Sales
Cooper and Brandy are married and file a joint income tax return with two separate Schedule Cs. Cooper is an independent security specialist who spent $560 on uniforms during the year. His laundry expenses for the uniforms were $112 for this year, pl..
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