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!
Question 1 - On Jan. 1, 2021, Blue Corporation borrowed P500,000 on an 8%, non-interest-bearing note due in four years. The present value of the note on Jan. 1, 2021 was P367,500. The entity elects the fair value option for reporting financial liabilities. On Dec. 31, 2021, it is determined that the fair value of the note is P408,150. How much should the discount on note payable be presented on Dec. 31, 2021?
Question 2 - Green Corporation had the following notes at 12% interest payable at maturity. The Corp. paid each note on scheduled maturity date.
The corp. recorded interest expense when the notes are repaid. As a result, interest expense of P189,600 was recorded in 2021. How much should be reported as interest expense for 2021?
Provide the general journal entry necessary to record the December 31, 2013, interest expense.
Management of Red Hot Choice Ltd is considering the following investment project: Capital Outlay $100,000. What the Accounting Rate of Return
Cerrone Inc. has provided the following data for the month of July. Calculate the adjusted cost of goods sold that would appear
The costs of running the X-ray machine during 2020 was $2,450. Determine the Book Value of the X-ray machine at the Acquisition date
some disclosure notes are not always applicable to every business. However some are required to be included with financial statements. Which disclosures are required?
Calculate the book value of a two year old machine that cost $200,000, has an estimated residual value of $40,000, and has an estimated useful life of four years. The company uses straight line depreciation.
the comparative statements of osborne company are presented here.osborne company income statements for the years ended
(a) Prepare the journal entries to record the above three security purchases. (b) Prepare the journal entry for the security sale on May 20. (c) Compute the unrealized gains or losses and prepare the adjusting entry for Arantxa on December 31, 2008.
Discuss the five types of interview and interrogation questions that might be used by a fraud examiner. Pick one of the five types of interrogation questions
1. Compute the equivalent units of materials, labor, and overhead in the ending inventory for the month.
Determine the maximum amount of 2020 personal tax credits, including transfers from a spouse or dependent
June 7, 2013, The Coupon rate on the bond is 5 percent and the price if 113.00. What is the yield to maturity and yield to call on this bond?
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