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Problem 1 - International Company issued a four year, 9%, P 500,000 bonds dated February 1 on February 1, 2022. These bonds yield rate was 10%. Interest is paid semiannually on July 31 and January 31. International Company financial year ends on December 31.
1. Prepare the amortization schedule
2. Prepare the journal entries up to maturity.
3. Prepare the financial statements presentation each year up to maturity in terms of
a. Balance Sheet
b. Income Statement
c. Cash Flow
Problem 2 - National Corporation issued a 10-year, 8%, P 800,000 bonds that yield 10% on January 1, 2022. Interests are payable semiannually on June 30 and December 31. National elected to present the bonds at fair values. The changes in yield rates are due general interest rates. The yield rates at the end of 2022 and 2023 are 12% and 6%, respectively. Prepare the Journal entries in 2022 and 2023.
Illustrate what entries would be made in 2011 to record the current and deferred income taxes and to recognize the loss carryforward? (Assume that at the end of 2011 it is more likely than not that the deferred tax asset will be realized.)
A firm has $600 market value of equity and $300 market value of debt. The firm also has $100 in nonconsolidated subsidiaries and $50 in excess cash. If the firm’s expected EBITA is $100, what is the value-to-EBITA ratio?
The company issues a 2-for-1 stock split. The market price of the stock is $14. What is the balance in the common stock account after the issuance?
Journalize the adjusting entries. Add additional accounts as needed and determine the balances of the accounts affected by the adjusting entries, and prepare an adjusted trialbalance.
Donuts Inc. has provided the following data for the month of July. There were no beginning inventories; consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month. The journal entry..
Of these factors which of these factors would have an influence on a firm's cost of capital and what the forecast is for particular variable in the near future
question 1on april 10 abc inc. enters in a swap contract for 10 years with a chartered bank to turn a fixed rate on
Holly Transport Inc. had the following transactions related to accounts and notes receivable.
Find Were Ted Flay's actions ethical? Explain. Were Will Smith's actions ethical? Explain. Were the company president's actions ethical? Explain.
ABC Logistics Inc. provides transportation and logistics services. Determine whether each of ABC's vendor contracts contains an identified asset.
Compute the NPV and the IRR for each investment. Explain why the project with the larger NPV is the correct choice for the company.
WhizBang Corporation discovered that hazardous waste material was buried on property it now owns by the previous owner. It will cost $1.5 million to remove the hazardous was and dispose of it properly. Is it appropriate for the WhizBang board of dire..
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