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Question - Due to extreme financial difficulties, an entity negotiated a restructuring of a 10%, P5,000,000 note payable due on December 31, 2019. The unpaid interest on the note on such date is P500,000. The creditor agreed to reduce the face amount to P4,000,000, forgive the unpaid interest, reduce the interest rate to 8% and extend the due date three years from December 31, 2019. The present value of 1 at 10% for three periods is 0.75 and the present value of an ordinary annuity of 1 at 10% for three periods is 2.49. What is the discount or premium on the new note payable on December 31, 2019?
Determine the dividends per share and the total dividends paid to common stock-holders and preferred stockholders in 2011, 2012, 2013, and 2014
staffing company purchased the net assets i.e. assets minus liabilities of time management inc. for 390000. time
At the end of 2019, the cost of merchandise on hand was $300,000. Compute Selma'sgross income from merchandise sales for 2019
Grogan Company uses the perpetual inventory method. What journal entry is required on the date of purchase
Accounts. What does the term account mean? What are the different classifications of accounts? How do the rules for debits and credits impact accounts? Please provide an example of how debits and credits impact accounts.
difference between heavy lift surcharge and long lift surcharge difference between heavy lift surcharge and long lift
the following overhead cost information is available activity-------allocation base---------overhead cost
Purchased $2,600 in equipment, paying $1,000 cash and promising the rest on a note due in one year. Prepare a classified balance sheet for Spotlighter Inc
The selling price of the goods is $1,500, and the cost to Diaz Company was $800. On September 8, De La Hoya returns defective goods with a selling price of $200 and a scrap value of $80. Record the transactions on the books of De La Hoya Company.
Reporting Net Sales and Gross Profit with Sales Discounts Using the information in problem below, what amount will be reported on the income statement.
What are the potential overlapping responsibilities that require a segregation of duties with access to organizational value? How do the departments operate
If total liabilities increased by $9,000 during a period of time and owner's equity decreased by $25,000. Compute the amount and direction of the period change
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