User Account

All Pages

Show how this loan will be reported in the december

Assignment Help Accounting Basics
Reference no: EM13867916

Assume that on December 1, 2015, your company borrowed $ 15,000, a portion of which is to be repaid each year on November 30. Specifically, your company will make the following principal payments: 2016, $ 2,000; 2017, $ 3,000; 2018, $ 4,000; and 2019, $ 6,000.

Show how this loan will be reported in the December 31, 2016 and 2015 balance sheets, assuming that principal payments will be made when required.

Reference no: EM13867916

Questions Cloud

What was the amount of net pay : The net pay was directly deposited into the employee's bank accounts. What was the amount of net pay? Assuming Lightning Electronics must also pay $ 250 of unemployment taxes for this pay period, what amount would be reported as the total payroll cos..
Analysis of the persuasive strategies and persuasive tactics : For your paper provide an analysis of the persuasive strategies and persuasive tactics used by your social movement. The purpose of the paper is to see how social movements use specific persuasive tactics (i.e. slogans, ridiculing, labeling, songs..
Prepare a report on short term investment : Conduct a survey and prepare a report on Short term Investment options.
First campaign to make use of television advertisements : first campaign to make use of television advertisements
Show how this loan will be reported in the december : Assume that on December 1, 2015, your company borrowed $ 15,000, a portion of which is to be repaid each year on November 30. Specifically, your company will make the following principal payments: 2016, $ 2,000; 2017, $ 3,000; 2018, $ 4,000; and 2019..
What strategies must the organization employ to secure : Requirements of informed consentIn order to provide services or perform procedures in the health care environment, informed consent is critical for protecting the organization from potential litigation. What are the mandatory requirements of securing..
Identifying and addressing these conflicts why : Every health care organization must be cognizant of issues relating to conflicts of interest. What strategies should the organization use in identifying and addressing these conflicts? Why?
Determine the range of values : 1 Two cables (AC and BC) are tied together at C and are loaded (P and Q) as shown in the figure. Using trigonometry, determine the range of values of Q for which the tension will not exceed 60N in either cable.
Conduct a phone or personal interview : Conduct a phone or personal interview with a current or past manager. Ask this person to describe the role that training plays in the company and where he or she thinks the future of training is headed for the organization. Do you agree with the mana..

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd