User Account

All Pages

What is the fair market value of the land

Assignment Help Accounting Basics
Reference no: EM131808065

On January 1, 2011, Crabb & Co. sold land to Chiles, Inc. in exchange for a note with a maturity value of $500,000. The note is due December 31, 2013 and interest is owed each December 31 at a rate of 6%. Chiles' market rate of borrowing is 12%. Crabb originally purchased the land for $80,000 in 1978.

What is the fair market value of the land?

What is the amount of interest income recognized by Crabb & Co. in 2012?

What is the amount of cash interest received by Crabb & Co. in 2012?

Please show me how to calculate these questions.

Reference no: EM131808065

Questions Cloud

Compute the amount of dividends that must have been paid : Compute the amount of dividends that must have been paid to preferred stockholders and common stockholders in each year
How your organizations culture fits or doesnt fit with you : How your organization's culture fits or doesn't fit with you? What (if anything) can you do to make your interaction with the culture more effective?
Determine sparrow taxable income : Based on the above information, use schedule M-1 of Form 1120, which is available on the IRS website, to determine Sparrow's taxable income for 2011
Establish an equation for marginal revenue : a) Establish an equation for Marginal Revenue (MR), Marginal Cost (MC), Total Profit (p) and Marginal Profit (Mp).
What is the fair market value of the land : What is the fair market value of the land, What is the amount of interest income recognized by Crabb & Co
Difference between political and economic social justice : What is the difference between political and economic social justice? Can the two be separated? Why or why not?
How much of the joint cost should be allocated to x15 : How much of the joint cost should be allocated to X15, Budde Chemicals produces two industrial chemical compounds
Compute taxable income and income taxes payable : On Jan 1, 2012, Ambrosia purchased a bottling machine for $800000. Compute taxable income and income taxes payable for 2013
When is a doughnut hole a real doughnut hole : Krispy Kreme presented one more homegrown success story when it tendered its initial public offering to investors in April 2000. From its humble beginnings

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