User Account

All Pages

What is the carrying value of the note on January

Assignment Help Financial Accounting
Reference no: EM132984460

Questions -

Q1. On January 1, 2020, Company A received a 5 year Non-interest bearing note payable to Company A on December 31, 2024, P 5,000,000. The market interest rate for this type of transaction is 12%. What is the amount that shall be reported on the statement of financial position on December 31, 2022 as Notes Receivable (net of discount or premium)?

Q2. On January 1, 2020, Company A received a Non-interest bearing note payable in five equal instalments every December 31 starting December 31, 2020; P 5,0000,000. The market interest rate for this type of transaction is 12%. What is the carrying value of the note on January 1, 2020?

Q3. On January 1, 2020, Company A received a Non-interest bearing note payable in five equal instalments every December 31 starting December 31, 2020; P 5,0000,000. The market interest rate for this type of transaction is 12%. What is the carrying value of the note on January 1, 2022?

Reference no: EM132984460

Questions Cloud

What amount will be recorded by lowell as its investment : Based on the precding information what amount will be recorded by lowell as its investment in boston if it paid $275000 for the acquisition
Compute the ending inventory for Concord Company : The year-end price indexes were 100 at 12/31/19, 110 at 12/31/20, and 120 at 12/31/21. Compute the ending inventory for Concord Company
What is the interest-rate risk : What is the interest-rate risk as it may affect a depositary institution? Name two major measurement methodologies for interest-rate risk
Prepare a stockholders equity statement for the year : Purchased 21,500 shares of common stock for the treasury at $7 per share. Prepare a stockholders equity statement for the year
What is the carrying value of the note on January : The market interest rate for this type of transaction is 12%. What is the carrying value of the note on January 1, 2022
Compute for the carrying value of the note on January : The note is payable in equal annual instalments of P 2M every December 31 starting December 31, 20x9. Compute for the carrying value of the note on January
Determine the carrying amount of the equipment at December : Determine the carrying amount of the equipment at December 31, 2018 using the double diminishing balance method of depreciation
Identify the type of audit opinion : Identify the type of audit opinion that you will include in your auditor's report for Kangaroo Bedding Ltd for the year ended 30 June 2019
Record the purchase of land when the note is issued : Question - On January 1, 2021, Jalen Company purchased land costing $800,000. Record the purchase of land when the note is issued

Reviews

Write a Review

Financial Accounting Questions & Answers

  Find a reliable resource about managing debt counseling

Managing Debt Research, Conduct some research to find a reliable resource about managing debt or credit counseling. You may use an article or video.

  Prepare a schedule of cash flows for the proposed project

Prepare a schedule of cash flows for the proposed project. Assume that there are no income taxes. Assuming that Uintah's cost of capital is 12 percent, compute the project's NPV. Should the product be produced?

  Write the appropriate journal entries for a bond

On January 1, 2012 Buchanan Company issues at par 2-year term bonds with a par value of $100,000 to yield 10%, and bearing interest at an annual rate of 10 percent payable semiannually on July 1 and January 1. FYE is December 31st.

  What must the coupon rate be on the bonds

At this price, the bonds yield 5.9 percent. What must the coupon rate be on the bonds?

  Calculate the present value of receiving

Calculate the present value of receiving $1,900 per? year, with? certainty, for the next 20 years. Infer rates for the missing years using linear interpolation

  How many periods would it take for the deposit to grow

Pays 12% interest annually. How many periods would it take for the deposit to grow to $6,798 if the interest is compounded semiannually?

  Detachable warrant for each share issued

On July 4, 2014, Chen Company issued for $8,400,000 a total of 80,000 shares of $100 par value, 7% noncumulative preferred stock along with one detachable warrant for each share issued. Each warrant contains a right to purchase one share of Chen $10 ..

  How much will she save in a three-year period

Maria spends $1,276 on her auto insurance annually. If she takes the defensive driver course, how much will she save in a three-year period

  Kennedy manufacturing company

Kennedy Manufacturing Company reported the following year-end information: beginning work in process inventory, $270,000; cost of goods manufactured, $1,074,000; beginning finished goods inventory, $380,000; ending work in process inventory, $330,000..

  Calculate the price of the same bond

The face value is F = £100, the coupon rate is 8% p.a. and YTM (yield to maturity) is 11%. Calculate the price of the same bond

  Determine the after-tax cost of debt

Determine the after-tax cost of debt. Calculate the WACC prior to the firm exhausting its retained earnings. The firm expects its range of total new financing to be - 3139164. Calculate the WACC based on new range

  How create retirement forecast

How create Retirement forecast based on the above information (NOTE: a separate forecast for each of the possible capital expenditure options).

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