What is the amount of interest revenue

Assignment Help Financial Accounting

Reference no: EM13132091

On January 1, 2012, Ball Co. exchanged equipment for a 200,000 zero-interest-bearing note due on January 1, 2015. The prevailing rate of interest for a note of this type in January 2012 was 10%. The PV of $1 at 10% for 3 periods is 0.75. What is the amount of interest revenue that should be included in Abel’s 2013 income statement?

Reference no: EM13132091

Questions Cloud

Which scatter plot-graph of least squares regression line : His least squares regression line equation is: "assembly line output" = 1.03 + (5.1389 x Test Score). Which scatter plot has the graph of his line?

Finite math word problems : To pour a concrete sidewalk takes 2 hours of preparation nd 3 hours of finishing. To pour a concrete patio takes 4 hours of preparation and 3 hours of finishing. ABC Concrete Company makes a profit of $450 on a sidewalks and $700 on a patio.

Harley-davidson : Should Children Who Commit Violent Crimes Be Tried As Adults Research Paper Essays and Term Papers

Computing income from the investee under equity method : Lindy Corporation owns a 40% interest in Belair Company, acquired several years ago at a cost equal to book value and fair value. Belair sells merchandise to Lindy for the first time in 2003. In computing income from the investee for 2003 under th..

What is the amount of interest revenue : The PV of $1 at 10% for 3 periods is 0.75. What is the amount of interest revenue that should be included in Abel’s 2013 income statement?

Slope and equation of horizontal line : Find the slope and the equation of the horizontal line that passes through (-325, 185) Find the slope and the equation of the vertical line that passes through (-325, 185) Find the difference quotient of f(x) = 1/x^2

Define borane forms complexes with sulfides and amines : Borane forms complexes with sulfides and amines. Draw a suitable structure to represent the complex formed between BH3 and dimethyl sulfide

A research problem on health and wellness,economy : a research problem or research question for each of the following topics: 1. Health and Wellness2. Technology3. Economy

User Account

All Pages