Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question - Due to extreme financial difficulties, Amado Company had negotiated a restructuring of a 10% P 5,000,000 note payable due on December 31, 2015. The unpaid interest on the note on such date is P 500,000. The creditor had agreed to reduce the face value to P 4,000,000, forgive the unpaid interest, reduce the interest rate to 8% and extend the due date three years from December 31, 2015.
1. What is the gain on extinguishment of debt in 2015?
2. What is the interest expense for 2016?
Prepare journal entries for 2011 in the accounts of ABC Truck Builders on November 30, to record receipt of the first $1,400 monthly payment.
The equipment had a recorded amount on Mayo's books of $21,000. What journal entry should Siegle make to record this exchange?
For Lodes Company, the relevant range of production is 40–80% of capacity. At 40% of capacity, a variable cost is $4,000 and a fi xed cost is $6,000. Diagram the behavior of each cost within the relevant range assuming the behavior is linear.
The court is expected to rule in late December 2021. There is no indication. What is the amount of undiscounted cash flows for the provision? Explain
Compute SMART's expected rate of return. Issue $15 million of 20-year bonds at a price of $101, with a coupon rate of 8%, and flotation costs of 2% of par.
Milordike Company owns land that it purchased at a cost of $600,000 in 2013. Prepare the journal entries to record the revaluation of the land in each year.
What is the total interest paid to you at the end of 18 months? You want to lend $20,000, 3 % over 18 as a bank deposit in a private bank with an interest rate
You have the following incomplete information on yields, What is the price of a 3-year, 5%, annual-pay, coupon bond with face amount $1,000?
Eclipse Mints stock is expected to pay a dividend of $0.50 next year, What is price of the stock? What is the present value of annuity and perpetuity in year 0?
Calculate COGS using Weighted Average Method. A Co. is a restaurant-cum-caterer and has to stock up on its purchases of bottled Coke on a regular basis
Cash budget The monthly cash budgets for the second quarter of 2010 follow ($000 omitted) for Morrison Mfg. Co
At 1/1/12 Rain Corp has 80,000 in accumulated E&P. They incur a deficit in current E&P of (50,000) for the tax year 2012. On 4/1/12 Rain Corp distributes 40,000 to its sole shareholder Nancy. Nancy’s basis at 1/1/12 in the corporation is 25,000. How ..
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd