User Account

All Pages

What is the carrying value of the financial asset

Assignment Help Accounting Basics
Reference no: EM133179100

Question - On 1 January 2021, Lundstram Limited acquired debentures as a financial asset at their nominal value of £10 million. The debentures carry fixed coupon interest of 8% which is receivable annually in arrears. An additional premium is payable on redemption of the debentures. Transaction costs associated with the acquisition were £96,000. The effective rate of interest was 9% and the amortised cost method is to be adopted for this asset. What is the carrying value of the financial asset as at 31 December 2021?

Reference no: EM133179100

Questions Cloud

Expansion of the medicaid program : The Affordable Care Act allowed for the expansion of the Medicaid program. As the Act passed through the legal system
What is itten diluted earnings per share for the year : In accordance with IAS 33 Earnings per Share, what is Itten's diluted earnings per share for the year ended 31 December 2021
Describe the blood brain barrier : Describe the blood brain barrier. Describe the pathophysiology of parkinson's disease. Describe the pathophysiology of multiple sclerosis
What is an appropriate level of director pay : In 2014, a shareholder derivative suit was filed in the Delaware Courts alleging that the Facebook Board of Directors violated their duties to their shareholder
What is the carrying value of the financial asset : The effective rate of interest was 9% and the amortised cost method is to be adopted for this asset. What is the carrying value of the financial asset
Hr strategies for cost control : 1. Choose ONE topic from the bulleted list below that you think is especially important. For those topics with multiple choices within the parenthesis that foll
Active listening and emotional intelligence : Discussion of two tools for effective communication in organizations and teams: active listening and emotional intelligence.
Calculate the taxable fringe benefit : Angel Khuzwayo has been employed for the current year of assessment by Team Traders (Pty) Ltd. Calculate the taxable fringe benefit
What was the napster company doing : In this activity you will demonstrate your learning about intellectual property issues and trademark rights. The activity consists of two parts.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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