User Account

All Pages

How much should be recognized as unearned interest revenue

Assignment Help Accounting Basics
Reference no: EM133137223

Question - On August 1, 2021, Argon Company leased a machine to Barium Company for a 6- year period requiring payments of P100,000 at the beginning of each year. Argon's implicit rate is 10% and present value factors are as follows:

PV of annuity due of P1 at 10% for 6 periods 4.791

PV of an annuity due of P1 at 10% for 8 periods 5.868

Argon appropriately recorded the lease as a direct financing lease. At the inception of the lease, how much should be recognized as unearned interest revenue at the inception of the lease?

Reference no: EM133137223

Questions Cloud

How much is net income : Question - If the company issues common stock of $8,700 and pay dividends of $38,900, how much is net income (loss)
Calculate the inventory turnover for oakley inc : Oakley Inc.: ending inventory $164,000; beginning inventory $116,000; Calculate the inventory turnover for Oakley Inc
What is the capital balance of p and the retirement of j : After the adjustment, A received retirement pay of P15,000,000 for this capital interest. What is the capital balance of P and the retirement of J
What steps do you believe auditors should take : What steps do you believe auditors should take if the client is not pleased with the type of audit report issued by auditors, based on evidence they collected
How much should be recognized as unearned interest revenue : Argon appropriately recorded the lease as a direct financing lease. At the inception of the lease, how much should be recognized as unearned interest revenue
Demonstrate knowledge of the role of accounting : Demonstrate knowledge of the role of accounting within the organisation with respect to both reporting and decision-making aspects
Show the detailed computation arising from the revaluation : 1. Show the detailed computation arising from the revaluation of the building in April 2011. Provide FOUR (4) methods to determine the fair value
What is the portfolio payoff of buying : At the money option means that the strike price is the same (or similar to) the current price (S0=K). What is the portfolio payoff of buying
Calculate the equilibrium price and quantity : Calculate the equilibrium price and quantity, and show this equilibrium on a diagram. Use your diagram to calculate the consumer surplus, producer surplus

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd