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, Bonnie Company has negotiated a restructuring of its 10%, P5,000,000 note payable due on December 31, 2020. The unpaid interest on the note on such date is P500,000. The creditor has agreed to reduce the face value to P4,000,000, forgive the unpaid interest, reduce the interest rate to 8% and extend the due date three years from December 31, 2020. (PVF 2 decimal points)
-What is the gain on extinguishment of debt to be recognized by Cali Swag Company on December 31, 2020?
-What is the interest expense to be recognized by Cali Swag for the year 2021?
Required to draft a written report explaining the results of your analysis. evaluate whether this would be a fair price for the company.
Calculate earnings per share as it should be shown on the face of the income statement. (Assume a total effective tax rate of 25% on all items)
Assuming the attorney and the corporation both use calendar years, when can the corporation deduct the expense if payment is made in the next year? Why?
What will the earnings per share be after the merger? Firm XY is planning on merging with Firm YZ. Firm XY will pay Firm YZ's shareholders the current value
Glassmakers has the below characteristics. The premerger debt is $5, the premerger equity is $10. The risk free rate is 6%. The premerger beta is 1.36. The tax rate is 40%. The cost of debt premerger is 11%. The expected market rate of return is 10%...
What adjustment for unearned revenue did Microsoft make at June 30, 2004? Indicate each account affected, whether the account is increased or decreased, and the amount of the increase or decrease.
Alpha Company collected payment from Worldwide Express on July 21. What amounts should be recorded for the accounts for the July 21 collection?
You are an Analyst for the professional service firm, BUSI 1043 LLP. Required: Prepare the report
Western Manufacturing produces a single product. The original budget for April was based on expected production of 14,000 units; actual production for April was 13,300 units. The original budget and actual costs incurred for the manufacturing departm..
If Simpson is going to make up 67% of the new firm (and Lachey will comprise the remaining 33%), what will be the beta of the new merged firm?
ABC Company is a magazine publisher. Calculate the amount of unearned revenue shown in ABC Company's balance sheet at December 31, 2023.
Assume that the best cost driver that Sony has for variable factory overhead in the assembly department is machine hours. During April, the company budgeted 490,000 machine hours and $4,000,000 for its Texas plant's assembly department. Determine the..
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