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Question - On September 1, 2019, an entity borrowed on a P5,400,000 note payable from a bank. The note bears interest at 12% and is payable in three equal annual principal payments of P1,800,000. On this date, the bank's prime rate was 11%. The first annual payment for interest and principal was made on September 1, 2020. 1. Refer to AAA Company. On December 31, 2019, what amount should be reported as accrued interest payable?
Fonda Motorcycle Shop sells motorcycles, ATVs, and other related supplies and accessories. During the taking of its physical inventory on December 31, 2016.
On 1/1/2021 the following transaction occurred on treasury shares: Sold 8000 shares from treasury at $16 per share. Determine total equity as a result
Compute the value of ending inventory under LIFO? and compute the value of ending inventory under FIFO? and, which inventory costing method results in the largest cost of goods sold.
thai bays computer system generated the following trial balance on december 31 2011. the companys manager knows
You have borrowed $70,000 to buy a speed boat. You plan to make monthly payments over a 15-year period. The bank has offered you a 9% interest rate, compounded monthly. Create an amortization schedule for the first two months of the loan.
job 827 was recently completed. the following data have been recorded on its job cost sheet direct
the following selected transactions were completed by yukon supply co. which sells office supplies primarily to
What is the issuance of bonds on January 1 and Interest Expense on December 31? Discount or premium as applicable is amortized over a straight- line basis
Determine schedule of cost of goods manufactured and sold for the year. (Amounts to be deducted should be indicated with a minus sign.)
Recognized depreciation of $24,150 on manufacturing property, plant, and equipment. Prepare T-accounts to show the flow of costs during the period
Do You think humans should be treated as assets? Would ‘human assets" meet the conventional definition of an asset for inclusion on the statement of financial position?
in each situation state whether the decision maker would bemost likely to place primary emphasis on information
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