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!
Problem 1: On Dec. 4, 20x1, Defrost Co. purchased P200,000 bonds at 98 Defrost incurred P20,000 transaction costs in the acquisition. The bonds mature on Jan. 1, 20x5 and pay annual interest at 12%. The bonds were acquired as part of a portfolio of investments that are managed together for short-term profit- taking. The bonds were quoted at 101 on Dec. 31, 20x1. Defrost sold the bonds at 110 on Jan. 12, 20x2. At what amount should Defrost report the bonds in its 20x1 financial statements, what amount of holding gain (loss) should Defrost recognize in 20x1, and what amount of gain (loss) should Defrost recognize from the sale on Jan. 12, 20x2?
a. 202,000; 6,000; 18,000
b. 196,000; 0; 24,000
c. 216,000; 0; 4,000
d. 202,000; (14,000); 18,000
Laconic Company manufactures ultra sound equipment. Based on past experience, Laconic has found that total annual repair and maintenance cost can be represented by the following formula: total annual repair and maintenance cost = $155,000 + $17.50x, ..
What is the depreciation cost per unit and could you answer the years - Whippet bus lines uses the units of activity method in depreciating
Evaluate what amount of gain or loss should be reported on consolidated financial statements for 2010 and which of the subsequent will be included in a consolidation entry for 2011?
You are considering purchasing a house in which the loan will be for $250,000. The interest rate on the loan is 4.25%, compounded monthly. If you finance it for 30 years, how much will you pay in interest over the life of the loan?
3. What suggestion do you have for the CIO to help her turn this collection of individual regional and departmental heads into a top-performing team? Explain.
Discuss the goals and purpose of capital budgeting. What is net present value and why is it critical to capital budgeting? Explain in detail
Cash subscriptions of 30,000 shares at $12 per share. How much is the Entity A's total shareholders equity after recording the transaction?
What would you need to do? Sulleman has worked for Speedy Courier for the past three years. Last Tuesday he was loading his truck
Mark rents to a new tenant, requires the tenant to pay an amount in addition to the first month's rent.
Suppose you can deposit only $186.29 each at the end of Years 1 through 4, but you still need $1,000 at the end of Year 4. What interest rate
In 2016, the Calimari Company used a predetermined manufacturing overhead rate of $5 per machine hour. Information for the year is as follows: Indirect materials $15471 Indirect labor $13,750 Plant depreciation $4,800 Plant utilities and insurance $1..
Shark Company purchased 70% interest in Fish Company on July 1, 2014.- prepare a consolidation worksheet for Shark and Fish for the year ending December 31, 2014.
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