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!
1.On January 1, 2013, S&S Corporation invested in LLB Industries negotiable two year, 10% notes, with interest receivable quarterly. The company classified the investment as available for sale. S&S entered into a two year interest rate swap agreement on January 1, 2013, and designated the swap as a fair value hedge. Its intent was to hedge the risk that general interest rates will decline, causing the fair value of its investment to increase. The agreement called for the company to make payment based on a 10% fixed interest rate on a notional amount of $200,000 and to receive interest based on a floating interest rate. The contract called for cash settlement of the net interest amount quarterly.Floating (LIBOR) settlement rates were 10% at January 1, 8% at March 31, and 6% June 30, 2013. The fair values of the swap are quotes obtained from a derivatives dealer. Those quotes and the fair values of the investment in notes are as follows:Required:1. Calculate the net cash settlement at March 31 and June 30, 2013.2. Prepare the journal entries through June 30, 2013, to record the investment in notes, interest, and necessary adjustments for changes in fair value.
on july 1 the first day of its fiscal year the city of morgan sold bonds with a face value of 10000000 at 102 percent
Create a scenario in which a company conceals financial fraud from the auditing firm through the use of information technology, and suggest at least one (1) way in which an auditing firm can minimize its exposure to this risk.
a company desires to sell a sufficient quantity of products to earn a profit of 120000. if the unit sales price is 20
1. how does the total contribution margin unit contribution margin x total number of units sold differ from the gross
cridwell companys selling and administrative expenses for last year totaled 210000. during the year the companys
riverbend software support administrators rssa provides online and telephone help desk services. because rssas labor
ohs solutions pty. ltd. is a company formed by three friends des satish and emma who bring different skills and
jackie thomas has been elected to handle the local basketball game. the game is put on by a nonprofit organization that
fde manufacturing company has a normal plant capacity of 37500 units per month. because of an extra large quantity of
inventory valuationolivia company has the following inventory information availableunits units cost total costjan 1
The hospital chief accountant who was not replaced continued to use the same accounting principles and financial reporting used before the county takeover. Explain the position the county comptroller should take regarding Croton accounting and fin..
During the first year of partnership operations, the following events occurred: the partnership had a net taxable income of $10,000; Michelle received a distribution of $8,000 cash from the partnership; and she had a 50% share in the $16,000 of pa..
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