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Question - Blue Corp. acquired on January 1, 2017 a 5 year, 10%, P5,000,000 face value bonds for 4,639,400 dated January 1, 2017. The bonds which pays interest every December 31 had a 12% prevailing interest rate on the date of acquisition. Blue's business model is to collect contractual cash flows are solely payment of principal and interest. On December 31,2018 the P4,000,000 face value was disposed of when the market rate was 11 %. The management decided that the investment is no longer appropriate and reclassified to FVPL The prevailing interest rate on December 31, 2020is at 11.5%
Required - How much is the gain or loss on sale on December 31, 2018?
State whether each component will increase (I), decrease (D), or remain constant (C) as the bond approaches maturity given the following situations:
When using classical variables sampling for estimation, an auditor normally evaluates the sampling results by calculating the possible misstatement in either direction. This statistical concept is known as
company xx has multiple divisions for production of windows. the frames are produced in the frame division. when
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Separately test the hypothesis that there is no signi?cant difference between the mean number of accidents in each period. State any assumptions needed to answer these questions.
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The information about their operation for the last month is given below. Gray company produces and sells a single product
tjelmeland corporation is considering dropping product s85u. data from the companys accounting system appear below.
While he was holding the shares, he received 2 per share in dividends. Find Ben's holding period return in U.S. dollars, rounded to the nearest percent. Show work.
The Colson Company issued $300,000 of 10% bonds on January 1, 2011. The bonds are due January 1, 2016, with interest payable each July 1 and January 1. The bonds are issued at face value. Prepare Colson's journal entries for
on january 1 2009 roosevelt company purchased 12 bonds having a maturity value of 506000.00 for 524700.75. the bonds
Charlene Weaver likes to speculate with preferred stock by trading on movements in market interest rates.
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