User Account

All Pages

How much will be the carrying amount of the investment

Assignment Help Accounting Basics
Reference no: EM132681608

Question - January 1 20x1, ABC Co. acquired 8%, P1,000,000 bonds for P936,603. the principal is due on December 31,20x4 but interest is due annually at each year end. the yield rate on the bonds is 10%. The investment will be subsequently measured at amortized cost. How much will be the carrying amount of the investment on December 31, 20x2?

Reference no: EM132681608

Questions Cloud

What is the? firm after-tax cost of debt : Gillian Stationery Corporation needs to raise ?$616,000 to improve its manufacturing plant. It has decided to issue a ?$1,000 par value bond with an annual coup
Journalize the September transactions : On September 1, 2020, Mr. Bob Bartolome opened a laundry shop with a company name Quick Flash Laundry Shop. Journalize the September transactions
Reading and assessing the work of peers : By this time, you have given some thought on the knowledge and skills you have acquired for Financial Management. Reflect on the new knowledge
What is the profit or loss associated with copper : Allocate the joint costs using the relative sales values. With these costs, what is the profit or loss associated with Copper?
How much will be the carrying amount of the investment : The investment will be subsequently measured at amortized cost. How much will be the carrying amount of the investment on December 31, 20x2
Design content and tactics for each channel : Design content and tactics for each channel in view of the colours and symbols as brand building tools. Pay attention to typography, visual art design
Calculate the value of ending inventory : Calculate the value of ending inventory that would be reported on the balance sheet, under each of the following cost flow assumptions
Expected return on netflix stock change : The beta for Netflix's stock is 1.3. If the expected return on the market portfolio increases by 0.61%, by how much will the expected return on Netflix's stock
Calculate the unlevered cost of capital for xyz : XYZ Corp has a market capitalization of $329 million, a market value of debt of $90 million and no excess cash. You estimate that the cost of equity for this fi

Reviews

Write a Review

Accounting Basics Questions & Answers

  Prepare entries to record the sale of the copiers

Prepare entries to record (1) the sale of the copiers and (2) the related warranty costs, assuming that the accrual method is used

  Calculate the allowance for doubtful accounts

Todd Company estimates that 3% of net credit sales will become uncollectible. After adjustment at December 31, the allowance for doubtful accounts

  Hamilton company of control policies

Identify the components of internal control to which each policy or procedure relates. For each item, identify one other policy or procedure for that internal control component that is not on the preceding list.

  What is the cash flow from investing activities

What is the cash flow from investing activities?

  Compute the current ratio for sylvester company

Compute the current ratio for 2017. Sylvester Company provided the following financial information: Total current assets, Total assets

  What is the total amount of factory overhead to be allocated

what is the total amount of factory overhead to be allocated to table lamps using the multiple production department factory overhead rate method.

  Dickinson inc uses a balanced scorecard one of the measures

dickinson inc uses a balanced scorecard. one of the measures on the scorecard is the percentage of revenue from repeat

  Performance measures to compensation

Develop a memo in response to the President's questions in which you discuss unethical behavior that can result if the wrong performance measures are used to tie performance measures to compensation. How can EEC avoid these behaviors? How should E..

  Prepare a statement of revenues and expenditures

Prepare a Statement of Revenues, Expenditures, and Changes in Fund Balance for the debt service fund for the year ended December 31, 2011

  Compute the best point estimate of the population mean

Compute the best point estimate of the population mean. What is the best point estimate for the population mean? Explain. What is a point estimate?

  Explain at least two types of businesses that would benefit

Identify at least two types of businesses that would benefit by preparing financial statements using either the cash or accrual basis of accounting.

  How much must you save each month

If you start making monthly deposits tomorrow in an index fund of the Wilshire 5000, how much must you save each month to retire with $1.0 million

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