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On January 1, 2022, Red Lions Company purchased bonds with face amount of P4,000,000 for P4,206,000. The business model in managing the financial asset is to collect contractual cash flows that are solely payments of principal and interest and also to sell the bonds in the open market. The bonds mature on December 31, 2024 and pay 10% interest annually on December 31 each year with 8% effective yield. The bonds are quoted at 95 on December 31, 2022 and 90 on December 31, 2023. Round your answer to whole number.
Problem 1. What amount of unrealized gain or loss should be reported as component of other comprehensive income in 2022? Indicate if GAIN or LOSS.
Problem 2. What amount on unrealized gain or loss should be reported as component of other comprehensive income in 2023? Indicate if GAIN or LOSS.
Problem 3. What amount of cumulative unrealized gain or loss should be reported in the statement of changes in equity for 2023? Indicate if GAIN or LOSS.
Problem 4. What is the carrying amount of the bond investment on December 31, 2023?
Interest. A company issues a $300,000, 10 percent, 20-year bond. The tax rate is 40 percent. What is the after-tax semiannual interest dollar amount?
on june 1 cline co. paid 800000 cash for all of the issued and outstanding common stock of renn corp. the carrying
How can investing in the capital market help to come up with a better future for all? The Capital Markets Association Zambia (CMAZ) Essay Competition
barstock manufacturing incur costs of 7.50 4.50 variable and 3 fixed in making a sub-assembly part for its finished
Compute the break-even point in dollars of ticket sales assuming Adrian and Jonathan are correct in their assumptions
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Bramble Tar and Gravel Ltd. operates a road construction business. Calculate the deferred tax asset or liability balances at December 31, 2017
1. playworld inc. sells playground equipment to schools and municipalities. invoices are mailed at the end of each
Shine and Patti do not require any payments until the second year. Which of the Companies should record their loans as a current Liability?
Evaluate and discuss the political, economic, and technological trends of the emerging market. Remember to discuss any financial actions that have been taken.
For each cost category, calculate equivalent units. Show physical units in the first column of your schedule.
The book value of the net assets of Acer on the date of acquisition was $1,200,000 and the fair value was $1,350,000. How much goodwill was allocated to Gerrer
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