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Question - On June 1, 2018, Raffy Company purchased for P5,353,150 (including transaction costs) plus accrued interest P5,000,000 12% bonds of Blessie corporation. Raffy's business model for managing the debt investments is both collecting cash flows that are payment for principal and interest and selling the instruments when opportunity arises. Raffy did not exercise its option to recognize the change in fair value in profit or loss. The bonds, which mature on December 31, 2022 pay interest annually on December 31. Using a financial calculator and an excel worksheet, the yield is computed at 10%. On September 1, 2021, Raffy Corporation sold P3,000,000 of the bonds at 103 plus accrued interest. The bonds are quoted in the market at the following prices, at selected dates. June 1, 2018 106 December 31,2020 104 December 31, 2018 107 September 1, 2021 103 December 31, 2019 105 December 31, 2021 102. Prepare the entries in the books of Raffy for years 2018 through 2021 as a result of the foregoing. (Raffy Company reports on a calendar year basis).
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Calculate the balance of the deferred tax assets and deferred tax liabilities at 30 June 2018 and 30 June 2019 for Newport Ltd
If the company tax rate was 30%, and the partial goodwill method was adopted, the NCI share of equity at the date of acquisition was
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You wish to put away enough money so that you can withdraw $6,500 per month. How much will you have to deposit now to meet your goal?
Zeke Industries, Calculate Zeke's postmerger EPS if the Tammy shareholders accept an offer of $95.76 a share in a stock-for-stock exchange.
Find and Calculate the value of the stock, at a constant rate of 4 % thereafter. ABC's last dividend was $2.50 and required rate of return on the stock is 9%.
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