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 - ABC Company's accounting year ends on December 31 of each year. On December 31, 2018 ABC Co. received a promissory note from 123 Co. in exchange for services provided by ABC Company. The fair market value of the services is not known and the fair market value of the note is not known. The note calls for two payment of $500, 000 each: one on December 31, 2019 and one on December 31, 2020. No interest is specified in the note. ABC Company computed the present value of the note to be $850, 000 as of December 31, 2018.
Required -
1. The amount of service revenue that ABC Company should report in 2018 is?
2. What is the amount of interest revenue that ABC Company should report in 2018?
3. The carrying value of the note at December 31, 2019 is?
4. If the discount is a significant amount in light of ABC Company's net income and other financial information, what method of amortization should be used?
Discuss the effects of various forms of technology on international business. What role does the Internet play? Where is this all leading?
What are the implications for the accounting profession of the increasing use of Cloud based solutions
Mathew Murphy, single, sold his home that he had owned for 20 years for $670,000. He purchased it for $110,000 and made $40,000 of capital improvements on the home during his time of ownership. a) How much gain is excluded? How much is recognized?
Jack Company began the accounting period with inventory of 3,000 units at $30 each. Calculate the Cost of ending inventory using FIFO
issue 1 a large number of customers buy our products on a wholesale basis for their sales outlets and have set up
Review the most current results of FORTUNE Magazine's annual ranking of America's "100 Best Companies to Work For." Explore the website of at least three of the companies noted. Develop a two- to four page paper that addresses the following:
Determine the cost of the finished goods inventory reported on the balance sheet under the absorption costing concept
julius company developed the following standard costs for its product for 2012standard cost
At year-end 2013, Dub's Wind Generator Co. had a $40,000 debit balance, What predetermined OH rate was used during the year
mcfriendly software recently developed new spreadsheet software easy-calc which it intends to market by mail through
The land has an adjusted basis of $25,000 and fair market value of $35,000. What is V's basis in the land after the distribution
Question - Ginvold Co. began operating a subsidiary in a foreign country on January 1, 20X1, Show on an income statement for this subsidiary in stickles
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