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Question - On September 1, 2021, AA Company loaned P10,000,000 to BB Company. The loan is to repayable after 4 years. Interest on this loan is 5% annually every September 1 of each year starting 2022. Direct origination cost of P2,065,917 was paid by AA and direct origination fee was deducted to the proceeds received by BB Company. The interest effective on this loan is 2% after the origination costs and fees. How much is the interest income recognized in its 2022 income statement?
Timothy is married, and Prada is single. Each contributes $400,000 of capital to begin the business, What are implications of this loss for Timothy and Prada
What is the NAV of a mutual fund with assets minus liabilities totaling $150 million and with 3,750,000 shares outstanding
How do Determine What is present value of cash flow pattern? You have been offered the opportunity to invest in a project that will pay $1,969 per year
BB Telecom Inc. has the following collections for the month of April 2019: How much is the overseas communication tax to be remitted by BB for the month
Calculate the cost of the units transferred out of Assembly Department. What is the balance in ending work-in-process inventory in the Assembly Department?
My Hope Company is negotiating for a 4-month discounted loan for P200,000, at 12% per annum. The negotiated loan requires a 20% compensating balance.
The following selected accounts from the Skysong, Inc.'s general ledger are presented below for the year ended December 31, 2022.
On September 30th, the company took an inventory of the supplies and found that they had $500 of supplies on hand. Prepare the closing entries
If he decides not to sell the property this year, the tax after cash flow will be RM300,000 over next year. Compute the marginal rate of return
The 2020 income statement of Cullumber Corporation showed net income of $1,220,800, Calculate earnings per share (EPS) for 2020
How does growth affect the S corporation? At some point, a small business can grow too big, causing the owners to review their business strategy
What share of the company would SBI caps require today if their required rate of return was 50%? What are the pre money and post valuations
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