Given an increase in market interest rates

Assignment Help Accounting Basics
Reference no: EM131050624

Pierre Company has a 12% note payable with a carrying value of $20,000. Pierre applies the fair value option to this note. Given an increase in market interest rates, the fair value of the note is $22,600. Prepare the entry to record the fair value option for this note.

Reference no: EM131050624

Questions Cloud

Does the board of directors authorize direct borrowings : Are assets that collateralize notes payable critically needed for the entity's continued existence?
Is assisted suicide ever ethically justifiable : What would you want people to say about you at your funeral or memorial service? You can discuss personality traits, accomplishments, etc. (After you write this, make sure you do amazing things so that your loved ones will have amazing things to ..
Create your map by starting with your social issue in center : Identify in the map at least two examples of the existing social conditions that the social issue is challenging or impacting. Some examples include the media, crime rates, and unemployment. For instance, you may find that crime and violence are l..
How dlp technology protects against to insider threats : MGT8022 PROJECT-BASED MANAGEMENT - The aims of my project are to introduce DLP technology and explain how DLP technology protects against to insider threats intended to thieve sensitive data.
Given an increase in market interest rates : Pierre Company has a 12% note payable with a carrying value of $20,000. Pierre applies the fair value option to this note. Given an increase in market interest rates, the fair value of the note is $22,600. Prepare the entry to record the fair valu..
Identify some of the organizational stressors schoolcraft : Compose a 300-500 word response in the thread to the left titled "Assignment 2: Research Assignment" that identifies some of the organizational stressors Schoolcraft documented in his recordings that patrol officers must deal with on a day to day ..
Calculating the center of mass of red markers : In the video clip, the monkey is moving. Firstly, red markers create on head, body, hands and feet of monkey. And then track the monkeys' movement with calculating the center of mass of red markers
Zopf company sells its bonds at a premium : Zopf Company sells its bonds at a premium and applies the effective-interest method in amortizing the premium. Will the annual interest expense increase or decrease over the life of the bonds? Explain.
Describe your initial reaction to the concepts in this video : Did any of the information in the video surprise you? Why or why not? Discuss how a person's social class (also referred to as socioeconomic status) can affect his or her chances of success.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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