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!
Problem 1: On December 31, 2019, Gel Company sold used equipment with carrying amount of P2,000,000 in exchange for a noninterest bearing note of P5,000,000 requiring 10 annual payments of P500,000. The first payment was made on December 31, 2020. The market interest for similar note was 12%. The present value of ordinary annuity of 1 at 12% is 5.65 for 10 periods and 5.33 for 9 periods. What is the carrying amount of the notes receivable on December 31, 2019?
Problem 2: Using the same data in problem found in Question 1, how much is the gain on sale of equipment to be recognized in 2019?
Problem 3: Using the same data in problem found in Question 1, how much is the interest income for 2020?
Problem 4: Using the same data in problem found in Question 1, how much is the carrying amount of note receivable on December 31, 2020?
On average, 100 customers arrive per hour at the Gotham City Bank. The average service time for each customer is one minute. Service times and interarrival times are exponentially distributed.
Evaluate Jake's plan.
Bruce Eaton is paid 10 cents per unit under the piece-rate system. Eaton worked 46 hours and produced 5,520 units. Compute the overtime hourly rate
Pat Sajork has two drawers. One drawer contains three gold coins, and the other contains one gold coin and two silver coins. - Should we pay Pat $200? What is EVSI? What is EVPI?
how is it possible for a company to suffer a net loss for a given year yet produce a positive net cash flow from
Assuming that the directors decide to declare total dividends in the amount of $396,000, determine how much each class of stock should receive
the following data from the just completed year are taken from the accounting records of eccles
On January 1, 2010, Milton Company purchased at face value, a $1,000, 6% bond that pays interest on January 1 and July 1. Milton Company has a calendar year end.
Assume partnership income-sharing agreement calls for income to be divided with a salary of $37,000, Prepare journal entry to record allocation of net income
Redo the company's income statement for the quarter using absorption costing. Compute the unit product cost under absorption costing
Calculate the recomputed basis of the property. Calculate the amount of ordinary income under Section 1245. Calculate the Section 1231 gain.
Let's say George transfered properties A, B , and C to corporation H in a transaction that qualified for IRC S351. What is George adj basis in H stock received
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