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 - Flur Corporation bought bonds with have a face amount of $5,000,000 on January 1, 2020. The company paid $4,600,000 plus transaction cost of $142,000 for the bond investment. The business model of the entity in managing the financial asset is to collect contractual cash flows that are solely payment of principal and interest and also to sell the bonds in the open market. The company has not elected the fair value option of measuring financial asset. The bonds will mature on December 31, 2022 and pay 6% interest annually on December 31 each year with 8% effective yield. The bonds are quoted at 105 on December 31, 2020 and 110 on December 31, 2021. The bonds are redeemed at face amount on December 31, 2022.
If the bonds are held as "Trading Securities" (FVPL):
a. What amount is the interest income to be recognized during 2021?
b. What amounts is the total income to be recognized in the Income Statement of 2021?
c. On December 31, 2021, what amount is the balance of investment to be presented in the Statement of Financial Position?
Moss Co. uses the FIFO method to calculate ending inventory. Assuming 300 units are not sold, the cost of goods sold is:
Which of the contribute to why wages are considered sticky? Minimum wage requirements make it difficult to lower wages quickly or often.
Likely level of equity financing and long-term debt - what is the likely level of its long-term debt and equity financing?
Compute the amount of cash and cash equivalents to be reported onShamrockCo.'s balance sheet at December 31, 2020.
She could achieve a safer position by selling call options to construct a delta hedge. Calculate the number of call option to be sold to construct a delta hedge
Compute a predetermined overhead rate the plant as a whole based on machine hours. Compute predetermined overhead rates for each department using machine hours.
Adjusting Entries: Allowance for Doubtful Accounts made on 1/1/1X was $70,000. The balance in the allowance account on 12/31/1X after making the annual adjusting entry was $150,000 and during 201X bad debts written off amounted to $60,000.
Round all other final answers to one decimal place
Complete the statement of cash flows for Olympia, Inc.Proceeds from sales of marketable securities.Purchases of marketable securities
Compute The amount of direct materials price variance to be prorated to finished goods inventory at December 31. The total amount of direct labor cost in finished goods inventory at December 31.
Calculate diluted EPS for 2020 (Show your calculation for each transaction/ affect). Calculate the basic EPS for 2020. Net income for the year $ 460,000.
Your company generated $3.0 million in revenue for 2014 and incurred $2.35 million in expenses. How much Federal tax due you owe? What is your average tax rate? What is your marginal tax rate?
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