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Question - On January 1, 2021, Ice Cream Company issued bonds payable with face amount of P5600000 and 12% stated interest rate for P5.300,000. The bonds have a 5-year term and interest is payable annually every December 31. The entity elected the fair value option in measuring the bonds payable. On December 31, 2021, the fair value of the bonds is P5800000. It is reliably determined that 40% of the increase in fair value is attributable to credit risk. How much gain or loss is recognized from change in fair value?
What is the implication for the numbers on a balance sheet? What is the difference in timing between the income statement and the balance sheet
Stilo Muebles, Inc. manufactures bedding sets. Budgeted production is for 82,340 comforters this year 2018. How is the direct labor budget for this year
Compute the amount to be paid for the brads on purchase invoice NO.109, you should multiply .59 by? What amount should be credited to purchases returns
exacto company reported the following net income and dividends for the years indicated year net income dividends 20x5
What is interesting or unusual about the FASB Codification tool? How is this tool useful to investors? How is this useful to analysts?
On January 1, 2018 , CDE corporation has 10,000 ordinary shares outstanding. Compute the basic earnings per share
What is the expected postretirement benefit obligation at the end of 2013? What is the accumulated postretirement benefit obligation at the end of 2013?
Find what was the value of NHL's Ending Finished Goods Inventory, assuming that the company sold half of its completed output during the year?
Assuming that Green Co. took a full year's straight-line depreciation expense in the current year, calculate the operating income that should have been reported
Assume an investor purchased a six-month T-bill with a $10,000 par value for $9,000 and sold it ninety days later for $9,100. What is the yield
the inventory of oheto company on december 21 2013 consists of the following itemspart no. quantity cost per unit cost
What is the portfolio's standard deviation? What is the maximum one-month loss of the currency portfolio? State % and US dollars
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