User Account

All Pages

What is the loan impairment loss on December

Assignment Help Accounting Basics
Reference no: EM132905856

Problem - On January 1, 1999, LeBron James BANK made 10,000,000, 8% loan. The 800,000 interest is receivable at the end of each year, with the principal amount to be received at the end of 1999, the first interest of 800,000 has not been received because the borrower is experiencing financial difficulties. The borrower negotiated a restructuring of the loan. . The payment of all of the interest for five years will be delayed until the end of the five year loan-term. In addition the amount of principal repayment will be dropped from 10,000,000 to 5,000,000. The Present Value OF 1 AT 8% for 4 periods is 0.735. no interest revenue has been recognized in 2020 in connection with the loan.

1. What is the loan impairment loss on December 31, 1999?

2. What is the interest income for 2000?

Reference no: EM132905856

Questions Cloud

Strategic importance of cloud computing : Research at least two articles on the topic of the strategic importance of cloud computing in business organizations.
State the dimensions of the triangle : Taking x to represent the lenght of the triangle, from a quadratic equation in x for the area o the triangle.
Calculate the single equivalent discount rate : Calculate the single equivalent discount rate. A wholesaler listed a food additive for $16.00 per kg. Last winter, he offered 15.00% and 5.00% discounts.
Ethics and information management : Read at least four academically reviewed articles on the ethical issues that may arise in information management.
What is the loan impairment loss on December : On January 1, 1999, LeBron James BANK made 10,000,000, 8% loan. What is the loan impairment loss on December 31, 1999
What is the company net income in january : The client makes the payment of $16,000 in February. Based on accrual accounting, what is the company's net income in January? Ignore taxes.
Compute the maximum profit : The rent for each unit is €700 per unit. For every empty unit, management increases the rent of the remaining tenants by €25. Compute the maximum profit.
Data-information and knowledge : Discuss the relationship between data, information, and knowledge. Why do organization have information deficiency problem?
Emerging enterprise network applications : Research at least two articles on the topic of emerging enterprise network applications.

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