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!
Question - Lid Ltd made a 2-year loan of $50,000 at 6% interest rate to Carrot Ltd on 1 July 2022. Interest is due at the end of each financial year (30 June), and principal is due on maturity. The financial asset is classified by Lid Ltd as subsequently measured at amortised cost. Lid Ltd applies the general approach to impairment of loan receivable and has classified its loan at stage 1 from inception to maturity. The implicit interest rate is 5%. Lid estimated a 12-month expected credit loss of $5,000. Prepare the journal entries of Lid Ltd to account for the loan from initial recognition on 1 July 2022 to derecognition on 30 June 2024, assuming the loan is fully paid on maturity.
Prepare the entries that would be recorded by Oakbrook Inc. for the sale and for the receipts and interest on the following dates. (Assume that the effective-interest method is used for amortization purposes.)
What is the difference between LIFO,FIFO and Weight Average by using Periodic method and Perpetual?
There were no other pension related costs. The journal entry to record the annual pension costs will include a debit to pension expense for:
What is the balance of the Accounts Receivable control account after the monthly postings on July 31?
Garden Pro Corporation has sales of $4,690,516; income tax of $499,836; Calculate the firm net income
Make a subsidiary ledger record for the laptops using each of the inventory valuation methods listed above
Rothbart Manufacturing agrees to manufacture bumper cars for 12 Banners Amusement Parks. How much revenue Rothbart recognize in for this contract
Create a balanced score-card for a fictitious company. Discuss the importance of a balanced scorecard as a measure for evaluating performance and strategizing.
youve finally saved 10000 and are ready to make your first investment. youve the three following alternatives for
Your task is to writbabout your 'reflections' on the concept of sustainability that really made an impact on you, or with which you could identify.
The cost of the land was $44,600, not $46,600. Prepare the corrected unadjusted trial balance at June 30, 2020. Journal entries are not required
1.which of the following is an example of value-added time? processing time wait time during inspection wait time in
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