How much is the non current portion of the note on december

Assignment Help Financial Accounting
Reference no: EM132764921

Problem 1: On january 1 2019 pogee co. acquired inventory with a list price of 1300000 and the cash price of 994760 by issuing 1200000 non interest bearing note payable. principle is due in 3 equal payments every december 31 beginning on december 31 2019. The effective interest rate interpolated for the cash prizes 10%. How much is the non current portion of the note on december 31 2019?

Reference no: EM132764921

Questions Cloud

What is the amount of the firms total stockholders equity : What is the amount of the firms total stockholders equity? current liabilities of $652,577; net fixed and other assets of $1,210,531
Prepare closing entries using given data : Selected year-end account balances from the adjusted trial balance as of December 31, 2022, for Tippy Corporation is provided below. Prepare closing entries.
Efficiency of a food manufacturing business : Action Research Thesis - Implementing lean manufacturing as a means of improving the operational efficiency of a food manufacturing business
Position and sources of power : Discuss the differences between legitimate, reward, coercive, and referent power. Describe your experience with these types of power.
How much is the non current portion of the note on december : The effective interest rate interpolated for the cash prizes 10%. How much is the non current portion of the note on december 31 2019?
To what extent do our moral ideas reflect the society : To what extent do our moral ideas reflect the society around us, and to what extent are we free to think for ourselves about moral matters?
What other substantive procedures can you perform : What other substantive or analytical procedures can you perform on the provided dataset? What evidence it would provide and how it would help in decision.
How much gain or loss does ray recognize : Ray was a one-third partner in RJS partnership until he received a distribution of the following assets form the partnership which reduced his interest.
Dealing with disaster stress is integral component : Dealing with disaster stress is an integral component of effective emergency planning.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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