User Account

All Pages

What amount should be reported as interest receivable

Assignment Help Financial Accounting
Reference no: EM132569962

Question 1: On July 1, 2015, Axel Company purchased P5,000,000 face amount, 8% bonds for P4,615,000 to yield 10% per year to be held as financial assets at amortized cost. The bonds pay interest semiannually on January 1 and July 1. On December 31, 2015, what amount should be reported as interest receivable?

Select one:

Option a. 230,750

Option b. 250,000

Option c. 184,600

Option d. 200,000

Reference no: EM132569962

Questions Cloud

Prepare the entry to record depreciation : Machinery purchased for $56,000 by Eggo Corp. on January 1, 2015, Prepare the entry to record depreciation for 2020
Locate the vision statement of an organization : Locate the vision statement of an organization of your choice and explain the vision statement's importance
The refugee crisis is international crisis : Discuss in what ways the refugee crisis is an international crisis and your views on how various nations have responded.
Explain how they would motivate managers : Explain how they would motivate managers and employees to implement a new strategy?
What amount should be reported as interest receivable : The bonds pay interest semiannually on January 1 and July 1. On December 31, 2015, what amount should be reported as interest receivable?
Analyze how the failures could have been mitigated : Recognizing and Identifying Ethical Leadership Failures: Prior to beginning your discussion, read Understanding (and preventing) ethical leadership failures.
What the estimate of the cost of inventory at march would be : What The estimate of the cost of inventory at March 31 would be? Kesler, Inc. estimates the cost of its physical inventory at March 31
Homeostatic endocrine regulation : Endocrine secretions are tightly regulated, because if the secretions are too little or too much, then catastrophic changes can occur in the body.
Diversity challenges or opportunities : Give an example of an organization that had diversity challenges or opportunities, and state why it had challenges or opportunities

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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