User Account

All Pages

How to eliminate intragroup loan and interest fee

Assignment Help Financial Accounting
Reference no: EM132643478

Question 1: How to eliminate intragroup loan and interest fee Here is the scenario The subsidiary l has 3 years loan to the parent company of 30,000 that effective on 2018.The interest rate was 2.5.% per annum. During the year end 2019 The subsidiary paid lets say $500 what is the journal entry.

Reference no: EM132643478

Questions Cloud

What does goodwill represent that arose from big acquisition : What is goodwill? How does goodwill arise? What does the goodwill represent that arose from BIG's acquisition of JWMS? In other words, what did BIG pay
What is the ear if the apr is 9 percent compounded monthly : You want to have $44,757 in your savings account 17 years from now, and you're prepared to make equal annual deposits into the account at the end of each year.
What amount for the cost of sales in the statement : What amount for the cost of sales in the statement of profit or loss and other comprehensive income for the year ended 28 february 20.8 will be
Discussion about the demand and supply conditions : Discussion about the demand and supply conditions for your product(s) or service(s) - An analysis of the market structure of the industry
How to eliminate intragroup loan and interest fee : How to eliminate intragroup loan and interest fee Here is the scenario The subsidiary l has 3 years loan to the parent company of 30,000
What is the best estimate of the firm borrowing cost : If Firm A intends to issue 15 year bonds to fund this project, what is the best estimate of the firm's borrowing cost? Answer should be in decimals.
What is the effective annual rate on loan : Crazy Cliff's Car Coral has offered to sell you a used Mustang for $15,000. You are required to make a $3,000 down payment and weekly payments
Make a journal on the books of wick corp : Make a journal on the books of Wick Corp. to record transactions on November 16, 2017. Payment Journal dated February 14, 2018 (ignore Cost of Good Solds).
Confidentiality-integrity and availability : Explain what the following terms mean to you as they apply to information security and safe computing: Confidentiality, Integrity, and Availability

Reviews

Write a Review

Financial Accounting Questions & Answers

  Discuss the neighborhood and the outer community

Trace the typical child's social journey from the home, into the neighborhood and the outer community

  Create job cost sheet for hypothetical average customer

Assume you are going to start your own business. Think about your talents and interest and come up with a small business idea that provides a unique product or service to local customers. Create a job cost sheet for a hypothetical "average" customer ..

  How the operating cycle data relate to working capital

Use the BOP analysis to briefly discuss how the operating cycle data relate to the amount of working capital and the current and acid-test ratios.

  Calculate the breakeven cost of the above air-conditioner

Calculate the breakeven cost of the above air-conditioner with condenser using evaporative cooling if the MARR is 8% p.a.

  What is the annual bond rate of interest

You wish to purchase a $1,000 bond from a friend who needs the money. There are 7 years remaining until the bond matures, and interest payments are quarterly. You decide to offer $750.08 for the bond because you want to earn exactly 16% per year comp..

  What is average tax rate and current marginal tax rate

Jorge and Anita, married taxpayers, earn $187,500 in taxable income and $27,500 in interest from an investment in City of Heflin bonds. Using the U.S. tax rate schedule for married filing jointly, how much federal tax will they owe? What is their ave..

  Total materials variance and price and quantity variances

The standard cost of Product B manufactured by MIT Company includes 3.40 units of direct materials at $5.60 per unit. During June, 26,700 units of direct materials are purchased at a cost of $5.45 per unit, and 26,700 units of direct materials are us..

  What are the potential benefits-costs and ethical concerns

You are the plant manager. You have recently implemented a bonus system for your employees that provide a 10% bonus for favourable variances. What are the potential benefits, costs, and ethical concerns of such a bonus system?

  Calculate the interest on a? ninty-day

Calculate the interest on a? 90-day, 12% note for? $45,000. (Use a? 360-day year to compute interest. Round your answer to the nearest? dollar.)

  Holdings of capital stock in order

Suppose investors decided to sell their holdings of capital stock in order to purchase outstanding bonds payable and as a result, the prices of bonds payable increased

  Mcminn retail incmcminn retail inc is a retailer that has

mcminn retail inc.mcminn retail inc. is a retailer that has engaged you to assist in the preparation on its financial

  Effective interest method

The bonds were sold when market rates of interest were 10 percent. The discount/ premium is amortized using the effective interest method.

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