Find the carrying value of the note on the balance sheet

Assignment Help Accounting Basics
Reference no: EM132081147

Question: Trader Trust accepts a $500,000 non-interest bearing 10-year note from Coffee Co. in exchange for Cash on 1/1/16. Coffee Co. promises to repay $500,000 at maturity. The market rate on 1/1/16 was 4%. What is the carrying value of this note on the balance sheet on 12/31/16?

Reference no: EM132081147

Questions Cloud

Support activity of the value chain model : Which of the following is a support activity of the Value Chain Model?
Determine the total value of the bonds : Determine the total value of the bonds and Provide an amortization schedule - What is the amount of the lease obligation recorded for Year 1
What is the carrying value of the bonds after one year : Dakota Company issued $700,000 of 6%, 5-year bonds at 98, with interest paid annually. What is the carrying value of the bonds after one year
Write a program of an array of ten names first and last : Write a program of an array of ten names first and last with ages. Printing the sorted list print the addresses along with the date.
Find the carrying value of the note on the balance sheet : Trader Trust accepts a $500,000 non-interest bearing 10-year note from Coffee Co. in exchange for Cash on 1/1/16. Coffee Co. promises to repay $500,000.
Determine the departmental factory overhead rates : The total factory overhead for Diva-nation is budgeted for the year at $186,120, divided into two departments: Cutting, $68,244, and Sewing, $117,876.
Write a program that reads a set of floating-point values : Write a program that reads a set of floating-point values. Ask the user to enter the values.
Calculate the rate of return on investment : Use the DuPont formula to calculate the rate of return on investment, and show the profit margin, the investment turnover, and rate of return on investment
What is the number equivalent units of production : Toy Co. had the following unit production costs: materials $9 and conversion costs $5 (Conversion costs include labor and manufacturing overhead) during June.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Calculate the contribution margin volume variance

Analyse the data given below and calculate the contribution margin volume variance

  Calculate the payout ratio for both years

During 2014, Cepeda issued bonds at 10% interest and used the cash proceeds to purchase treasury stock. Calculate the Payout ratio for both years

  What are the possible tax credits or deductions

What the possible tax credits or deductions that she can take for her tuition, books, supplies, transportation to classes and fees associated with her education

  Accounting records to recognize this purchase

A building with an appraisal value of $154,000 is made available at an offer price of $172,000. The purchaser acquires the property for $40,000 in cash, a 90-day note payable for $45,000, and a mortgage amounting to $75,000.

  Read the management discussion and analysis

Explain how Cedar Falls follows the Government Accounting Standards Board (GASB) Statement No. 34. Create a brief outline that showcases the flow.

  Discuss the chief financial officer

the auditor notes that the client has a control procedure as All purchase order must be approved by the chief financial officer

  What will be the contribution per unit and the amount of

what will be the contribution per unit and the amount of fixed cost from the details below? calculate the break even

  Classify each of the costs as a direct cost

Classify each of the costs as a direct cost or an indirect cost to the motor manufacturing cell.

  Create new nominal codes depending on the software

Prepare the partners capital accounts on the admission of Fox as a partner clearly showing the treatment of goodwill - Prepare the goodwill account

  Computer inventory assuming that solar value procedures

Compute the inventory value at Dec 31 each year under th dollar Value method assuming new layers are valued using the average price index

  Viewpoint of a management accountant

From the viewpoint of a management accountant, how would this cost be classified and how would it figure into a company's financial statements?

  Dee brewery issued 35000000 of bonds on 7100 the bonds have

dee brewery issued 35000000 of bonds on 7100. the bonds have a term of 10 years with an 8 interest rate. interest is

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd