User Account

All Pages

What is the gain or loss on settlement of property

Assignment Help Financial Accounting
Reference no: EM133109676

Question - On October 1, 2022, Greece Company declared a property dividend of machinery payable on April 1, 2023. The carrying amount of the machinery is P4,000,000 on October 1, 2022.

The machinery had the following fair values:

01-Oct-22 P3,800,000

31-Dec-22 3,700,000

01-Apr-23 3,500,000

Required - What is the gain or loss on settlement of property dividend on April 1, 2021?

Reference no: EM133109676

Questions Cloud

Refinance the remaining balance : You purchase a home with a $350,000 30 year monthly mortgage with a 4% APR. After 10 years, the interest rate on 20 year monthly mortgages is 3.5% APR. You are
What adjusting entry should be made on March : What adjusting entry should be made on March 31, 2016 before the financial statements are prepared for the year ending March 31, 2016
Differentiate simple interest and compound interest rate : 1. Differentiate Simple Interest and compound Interest Rate. 2. Would you prefer more frequent compounding for your investment? Why or why not?
What is the new market value of the company : (1). Again Inc. is proposing a rights offering. There are 450,000 shares outstanding at $90 each. There will be 80,000 new shares offered at $84 each.
What is the gain or loss on settlement of property : The carrying amount of the machinery is P4,000,000 on October 1, 2022. What is the gain or loss on settlement of property dividend on April 1, 2021
Estimate the futures price : A yen futures contract settles one year from today. If spot yen is 97, the one year yen interest rate is 1% and the one year US interest rate is 3%, estimate th
What is the amount of the monthly payment : Your sisters Rebecca and Debra each just bought a house. Each sister paid $750,000 for the house. Each sister had a down payment of $200,000. Each sister got a
What is the bond nominal yield to call : The bond has a 5.0% nominal yield to maturity, but it can be called in 6 years at a price of $1,050. What is the bond's nominal yield to call?
What is the average rate of return : You are considering an investment in either individual stocks or a portfolio of stocks. The two stocks you are researching. Stock A and Stock B, have the follow

Reviews

Write a Review

Financial Accounting Questions & Answers

  Determine the carrying value of the serial bonds payable

Cebu Corporation issued bonds with face value of P6,000,000 on January 1, 2018. Determine the carrying value of the serial bonds payable

  Calculate the value of repossessed stock

Calculate the value of repossessed stock and show the necessary accounts in the books of both the parties.

  Describe an actual experience

Describe an actual experience (working as a financial Analysts) that highlights your relevant knowledge and skills for your desired career, telling a specific s

  Record transactions in journal entries-prepare ledger

Record each of these transactions in Journal entries and prepare the Ledger for Cash & Cash Equivalents, Accounts Receivable and Accounts Payable:

  Compute the modified internal rate of return

Compute the modified internal rate of return (MIRR) for the proposed investment. Compute the internal rate of return (IRR) of the proposed investment.

  Which of the statements is correct about brownstein inc

If the most pessimistic sales figure is $80,000 per month and the most optimistic is $120,000 per month, which of the following statements is correct?

  Find discount rate for a ten-year treasury note is

Assuming the risk-free rate is 60 basis points and appropriate risk premium for a AAA-rated issuer is 4%, appropriate discount rate for 10-year Treasury note is

  Question 1 capital expenditure decisions and investment

question 1 capital expenditure decisions and investment criteriain recent years morten ltd a company that manufactures

  Quark spy equipment manufactures espionage equipment quark

quark spy equipment manufactures espionage equipment. quark uses a job-order cost system and applies overhead to jobs

  Find what advice should give the borrower

Find What advice should give this borrower? Assume a competitive loan market in which each bank is constrained to earn zero expected profit.

  Calculate which account will pay more to an investor

A savings account at bank X pays 7%, With the help of APY calculate which account will pay more to an investor who leaves $800 deposit for 3 years.

  What is the current share price

Gruber Corp. pays a constant $8.00 dividend on its stock. The required return on this stock is 10 percent. What is the current share price

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