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 1:
Myriad Solutions, Inc., issued 10% bonds, dated January 1th, with a face amount of $320 million on January 1, 2013 for $283,294,720. The bonds mature on December 31, 2022 (approx. 10 years). For bonds of similar maturity and risk the market yield is 12%. Interest is paid semiannually on June 30 and December 31. Required: 1. Evaluate the net amount of the liability Myriad would report in its balance sheet at December 31, 2013? 2. Determine the amount related to the bonds that Myriad could report in its income statement for the year ended December 31, 2013? 3. Evaluate the amount(s) related to the bonds that Myriad would report in its statement of cash flows for the year ended December 31, 2013? Question 2:
American Food Services, Inc., acquired a packaging machine from Barton and Barton Corporation. Barton and Barton completed construction of the machine on January 1, 2013. In payment for the $4 million machine, American Food Services issued a four-year installment note to be paid in four equal payments at the end of each year. The payments include interest at the rate of 10%. Required : 1. Evaluate the journal entry for American Food Services' purchase of the machine on January 1, 2013. 2. Determine the amortization schedule for the four-year term of the installment note. 3. Evaluate journal entry for the first installment payment on December 31, 2013. 4. Evaluate the journal entry for the third installment payment on December 31, 2015.
Evaluate Method of measuring costs associated with production, budgeting process, normal job-order costing system , master budget, cycle time.
Determine what amount should Funzy report as a promotional expense on its December 31, 2011, income statement?
Ethical Dilemma What's an expense?
Theory of Interest- Non-annual interest rates and annuities
Accounting for bad debt expense
Write a program that Pulls four quarterly sales figure
Prepare the journal entries to record the bond issue and interest expense.
Evaluate Net Salvage Value
Explain the term product costing
Effect of exchange rate changes on cash and cash
How is job costing in service organizations different from job costing in manufacturing environments?
Specializes in lithographic duplication, catering to demands from the nouveau riche for reproductions of paintings by artists such as Rembrandt, Picasso, Van Gogh, etc.
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