User Account

All Pages

Us gaap and ifrs standards

Assignment Help Finance Basics
Reference no: EM132626905

1. Firms may hold financial assets to earn returns. How the firm would classify financial assets? What treatment will such financial assets get in the financial statements in accordance with US GAAP and IFRS standards?

2. Company owner contributes 100,000, which is invested in a twenty year bond with a 5% coupon paid semi-annually. After six months the firm receives the coupon payment of 2500 and the market price has reached to 102,000. Show the balance sheet and income statement treatment under each of the following categorization: held for trading, available for sale, held to maturity.

3. At the start of year 1 owner contribute 100. After year 1 the company purchases the financial assets categorized as AFS worth 10. During year 1 the net income is 20 which is retained. The value of financial assets goes up to 12. During year 2 there is treasury stock operation worth 30 Net income is 40 which is retained. Financial asset goes up to 15. Show the relevant equity components at the end of year 1 and 2.

Reference no: EM132626905

Questions Cloud

What is the present value of tom settlement : Assuming a 4 percent annual interest rate, what is the present value of Tom's settlement?
Compute the depletion expense for the first year : Bering Rock acquires a granite quarry at a cost of $590,000, Compute the depletion expense for the first year assuming 38,000 tons were removed and sold
Explain the importance of the problem statement : Explain the importance of the problem Statement, objectives and research questions in thesis writing.
How were crimes punished : What kind of legal system did they have? How did they adminster justice and perform trials? Was each class treated equally under the law?
Us gaap and ifrs standards : What treatment will such financial assets get in the financial statements in accordance with US GAAP and IFRS standards?
Determine the machines second year depreciation : During its second year, the machine produces 84,500 units of product. Determine the machines' second year depreciation under the double-declining-balance method
Leading project and had to suddenly change direction : Tell us about a time when you were leading a project and had to suddenly change direction. Who initiated the change?
Find the book value of the machine at the end of year : The machine's useful life is estimated to be 4 years with a $5,000 salvage value. Find the book value of the machine at the end of year 4
Discuss the sentiments of phillis wheatley : Discuss the sentiments of Phillis Wheatley as expressed in her poem "On Being Brought from Africa to America" and that of the spirituals

Reviews

Write a Review

Finance Basics Questions & Answers

  For the last 19 years mary has been depositing 500 in her

mary has been working for a university for almost 25 years and is now approaching retirement. she wants to address

  Use the risk premium approach

Great Corp has 108,000 shares of common stock outstanding, currently selling at $18.48 per share. Use the risk premium approach and assume a 3% risk premium.

  What five factors do firms consider in establishing dividend

What five factors do firms consider in establishing dividend policy? Briefly describe each of them.

  Determine the annualized yield from investing in this t-bill

You are an analyst for a money market mutual fund that is considering whether to purchase T-bills. The manager of the fund is considering purchasing a 6-month.

  Perform a before-tax analysis

Four years ago, the Attaboy Lawn Mower Company purchased a piece of equipment. Because of increasing maintenance costs for this equipment.

  Describe how mcdonald’s records an impairment charge

Discuss the circumstances that could indicate that a McDonald's restaurant may be impaired.

  Kathleen dancewear co has bought some new machinery at a

kathleen dancewear co. has bought some new machinery at a cost of 1250000. the impact of the new machinery will be felt

  Statement of cash flows presents

The statement of cash flows presents a more clear view of a company's cash flows than the income statement

  Compare and contrast traditional and roth and sep iras

If you were a financial advisor, what type of recommendation would you make for an employee of a firm who has access and can participate in a 401k plan with a 3% match at 100% and 15 mutual fund choices versus having a traditional or Roth IRA? The em..

  What is the company cost of debt

If Wild Widgets, Inc., were an all-equity company, it would have a beta of 1.65. What is the company's cost of debt

  Explain how the different borrowing rates of lessor

Explain how the different borrowing rates of lessor and lessee affect the calculation of the net advantage of leasing (NAL).

  What must be the value of the risk-free rate

Also suppose that it is possible to borrow at the risk-free rate. What must be the value of the risk-free rate?

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