What is the amount of interest income on december

Assignment Help Financial Accounting
Reference no: EM132647523

Question 1: On October 1, 2009, X Co., received a 5-month note from a customer amounting to P500,000, 10% interest. What is the amount of interest income on December 31, 2009?

Reference no: EM132647523

Questions Cloud

Analyzing the need for change in organization : We have learned that organizational change is a process rather than an event. discuss the key processes/strategies which were successful,
What can you as a nurse practitioner do : What can you as a nurse practitioner and/or nurse leader do to influence policy innovation to resolve the problem? Students are to write their name.
Psychological skills and executive coaching : Executive coaching has only recently emerged as a professional field. What is the connection between psychological-mindfulness and executive coaching?
Magnitude of magnetic field at center of the coil : Find the magnitude of the magnetic field at the center of the coil that is produced by the induced current.
What is the amount of interest income on december : X Co., received a 5-month note from a customer amounting to P500,000, 10% interest. What is the amount of interest income on December 31, 2009?
Discuss some of problems or dangers in project networks : Discuss some of the problems or dangers in using project networks. Under what circumstances can they be beneficial, and when can they be dangerous?
What amount should parody report in its balance sheet : On Parody's comparative financial statements for 2019 and 2020, what amount should Parody report in its balance sheet in connection with this investment
Climate change influence human society : How does climate change influence human society? What is the difference between weather and climate?
How to obtain financial statements and other types : How to Obtain financial statements and other types of disclosures for 3 large publicly held banks in the United States. Analyze the disclosures for presence

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd