User Account

All Pages

What is the carrying amount of the debt investment

Assignment Help Accounting Basics
Reference no: EM133008711

Question - On December 31, 2019, PSJ Company purchased debt investments at amortized cost, P3,000,000 serial bonds with a nominal rate of 10% and effective rate at that time is 13%. Bonds with a face value of P1,000,000 mature on December 31, 2020 and every December 31 thereafter. Using three decimal places for the PV factor, what is the carrying amount of the debt investment on December 31, 2020?

Reference no: EM133008711

Questions Cloud

Make the corrected unadjusted trial balance at June : A $900 debit to the R. Minter, Withdrawals account was posted as a debit to R. Minter, Capital. Make the corrected unadjusted trial balance at June
What amount of overhead will be assigned to a unit : If ABC applies overhead using a predetermined rate based on machine-hours, what amount of overhead will be assigned to a unit of output
What was the impact of recruiting at churches and schools : What was the impact of recruiting at churches and schools on test subjects? Was Nurse Rivers negligent or did she commit malpractice?
What the total fixed costs for the period : Variable costs are £14.00 per unit. If the break-even in sterling pound 1,446,000, then what the total fixed costs for the period
What is the carrying amount of the debt investment : Using three decimal places for the PV factor, what is the carrying amount of the debt investment on December 31, 2020
Describe preterm labor : Describe Preterm Labor - the etiology, epidemiology, pathophysiology mechanism, manifestations, and treatment (medical and surgical).
Determine the full costing operating income : Zhender Inc. manufactures hair brushes that sell at wholesale for $2.60 per unit. Determine the full costing operating income
How would promote the value of utilizing an apn : Discuss a plan to promote the value of the APN model to the public. Discuss how you would promote the value of utilizing an APN as a provider of services.
What is the amount that should be credited : On September 1, 2021, what is the amount that should be credited to paid in capital-bond conversion, assuming Butler used the book value method

Reviews

Write a Review

Accounting Basics Questions & Answers

  What was the cost of the units sold

On March 8, it sold 26 units for $65 each. Using the FIFO perpetual inventory method, what was the cost of the 26 units sold

  Determine the true cash balance for ana checking account

A check of $70, which was previously deposited, was returned by the bank plus a $10 service charge. Determine the true cash balance for Ana's checking account

  Describe how the fraud is committed

Little do you realize, but if you are not careful you are about to lose $2,500 to a fraud. Describe how the fraud is committed

  How to record interest expense and amortization

Skysong uses straight-line depreciation for all similar cars. How to record interest expense, and amortization of the right-of-use-asset

  Foxgloves budgeted cash disbursements related to

foxglove company a growing retailer is preparing its budget for the first half of the year assuming the following sales

  Adjusting entry to accrue wages payable

At the end of the current year, the accountant for Navistar Graphics forgot to make an adjusting entry to accrue Wages payable to the company's employees for the last week in December.

  Brief introduction on Corporate Governance and Ethics

700005 Accounting Information for Managers Assignment- A brief introduction (including definitions) on Corporate Governance, Ethics, and Business Sustainability

  What are total quick assets for the company

A company has a current ratio of 2.10, total liabilities of $197,350, long-term notes payable $91,350, What are total quick assets for the company

  Wheelco a foreign corporation manufactures motorcycles for

wheelco a foreign corporation manufactures motorcycles for sale worldwide. wheelcomarkets its motorcycles in the united

  Prepare a schedule disclosing the changes in long-term

from records available in various offices of baraga county you find the following information about changes in

  Calculate the operating income

Calculate the operating income and operating income as a percentage of revenues for each product line

  Write out a paper of no more than 200-300 words in which

managerial accounting is all about making informed decisions. cost-volume-profit cvp analysis is one of the most

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