Items would be increase by transaction

Assignment Help Financial Accounting
Reference no: EM131219528

A company received $75,000 cash from a bank loan that must be paid in three years. Which of the following items would be increase by transaction?

Total liability

Interestvexpenses

Interest payable

Cash from financing

Total asset

Reference no: EM131219528

Questions Cloud

Types of taxpayers are entitled for home office deduction : What is the purpose of Schedule C? Provide examples of whom would complete this schedule. Find some resources/videos online regarding completing the Schedule C. What types of taxpayers are entitled for a home office deduction? Also, what are some thi..
Difference in financial reporting and management accounting : A friend has asked you for some advice: ‘My small business now makes a profit; I am only too aware of this, as I now face a big tax bill each year, when my tax accountant has prepared my annual accounts. What is the difference between financial repor..
Consider the three bond quotes : Consider the following three bond quotes: a Treasury bond quoted at 104:28, a corporate bond quoted at 96.35, and a municipal bond quoted at 100.75. If the Treasury and corporate bonds have a par value of $1,000 and the municipal bond has a par value..
Considering new project to manufacture widgets : DSSS Corporation is considering a new project to manufacture widgets. The cost of the manufacturing equipment is $125,000. The cost of shipping and installation is an additional $10,000. The asset will fall into the 3-year MACRS class. The year 1- 4 ..
Items would be increase by transaction : A company received $75,000 cash from a bank loan that must be paid in three years. Which of the following items would be increase by transaction?
Use of absorption costing in terms of ethical ramifications : Absorption costing and other methods make it possible to manipulate operating income raising some serious ethical concerns. Construct an argument either for or against the use of absorption costing (or similar methods) in terms of its ethical ramific..
Transactions taking place in different chronological order : Brian Smith has been the champion of the Pacific Rim market within Products R'Us for the past few years. The emerging buying power in this sector has led to an increasing amount of business for Products R'Us. Smith was finding himself at a growing co..
Use of the existing mixing machine machine capacity : Your company makes three products in a single facility. Data concerning these products follow: The mixing machines are potentialy the constraints in the production facility. A total of 30,000 minutes are available per month on these machines. Direct ..
Discuss the differences in tax treatment : From the U.S. Tax Guide for Aliens, discuss the differences in tax treatment between U.S. citizens who earn foreign source income, the tax treatment of aliens, and resident aliens. Identify at least two (2) tax laws regarding either reporting income ..

Reviews

Write a Review

Financial Accounting Questions & Answers

  Cash dividends and two classes of stock

Cash dividends and two classes of stock Raymond Inc., has two classes of capital stock outstanding: 25,000 shares of 5%, $100 par value cumulative preferred and 30,000 shares of $10 par value common. During the current year, the company earned net in..

  Fixed and variable cost behavior

Killy and a key supplier have entered into an arrangement that will result in a per-unit decrease in Killy's variable cost of $0.50 next year. Rental space will also be reduced, thereby decreasing fixed costs by 10 percent. Given the new cost equatio..

  What is the marginal cost of making one additional chair

What is the marginal cost of making one additional chair and what nonfinancial issues should be considered before decisions are made regarding the production and sale of these chairs?

  The dividends are nonqualified

Hayley recently invested $40,000 in a public utility stock paying a 8 percent annual dividend. What will her investment be worth in five years if the dividends are nonqualified?

  Prepare the necessary journal entries for evergreen

Prepare any necessary adjusting entries at December 31, 2011. Adjusting entries are only recorded at year-end (round all calculations to the nearest dollar).

  Schedule for the fixed assets of bison industries

Prepare an annual depreciation schedule for the fixed assets of Bison Industries as of December - Bison Industries is in its first year of operations

  Analysis of relevant costing wrt acceptance of

analysis of relevant costing w.r.t. acceptance of special.relevant costs special sales order-idle versus full capacity

  Cash should be paid to holders of these bonds for interest

A company had net income of $3,200,000, net sales of $25,000,000, and average total assets of $7,500,000. Its return on total assets equals. Northend Company issued 6%, 10-year bonds with a par value of $100,000. Interest is paid semiannually. The ma..

  Supplementary record that a company creates and maintains

1) What is the supplementary record that a company creates and maintains in a separate account for each customer called? The controlling account The schedule of accounts receivable The accounts receivable subsidiary ledger Either A or B above None of..

  Prepare peregrine acquisition-date fair value allocation

What method (equity, initial or partial equity) is being used for problem 27 in Advance Accounting 12th edition. Prepare peregrine acquisition-date fair value allocation schedule for its investment in Osprey. Show how peregrine determined its 12/31/1..

  What income tax payments did 2014 liquidation cost supervalu

What additional income tax payments did the 2014 liquidation cost SUPERVALU? Assume an income tax of 40%.

  The fixed selling and administrative expense per month

Marganton Company makes one product and it provided the following information to help prepare the master budget for its first four months of operations. ( a) The budget selling price per unit is $65. Budgeted unit sales for June, July, August, and Se..

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