User Account

All Pages

What is the net cash received over the life

Assignment Help Accounting Basics
Reference no: EM132722863

Assignment: Annapolis Company purchased a $4,000, 5%, 10-year bond at 105 and held it to maturity. The straight line method of amortization is used for both premiums & discounts. What is the net cash received over the life of the bond investment? (all money received minus all money paid, round to nearest whole dollar)

- Ocean Pines Company had net income $450,000. They also had depreciation expense of $200,000, an increase or (decrease) in accounts receivable of $80,000, and an increase or (decrease) in inventory of $-15,000. Ocean Pines prepares their Statement of Cash Flows using the indirect method. Use this information to determine the dollar value of cash provided or (used) by operating activities. If the total is a use of cash, enter as a negative number. (a negative number for accounts receivable or inventory indicates that the balance decreased)

- ?On January 2, 2019, All Good Company purchased 12,000 shares of the stock of Big Bad Company, and DID NOT obtain significant influence. The investment is intended as a long-term investment. The stock was purchased for $11 per share, and represents a 10% ownership stake. Big Bad Company made $350,000 of net income in 2019, and paid dividends to All Good Company of $15,000 on December 15, 2019. On December 31, 2019, Big Bad Company's stock was trading on the open market for $13.50 per share at the end of the year. Use this information to determine the unrealized gain or loss on the investment that should be reported at year end by All Good Company. If it is a loss, enter as a negative number. Round to nearest whole dollar.

Reference no: EM132722863

Questions Cloud

Difference between purchase requisition and purchase order : Some organizations prefer using alternative two. What are the advantages of using alternative two instead of the alternative one? Be specific.
Evaluate potential impact of financial accounting regulation : The scenario identifies a significant increase in regulation as a result of the proposed changes, critically evaluate the potential impacts of financial.
Describe the overhaul is regarded as an : Pat's Pets recently paid to have the engine in its delivery van overhauled. The estimated useful life of the van was originally estimated to be 7 years.
Find the number reported in the financial statements : Roger Company is a mid-size company located in the Midwest that handles the distribution of various home and garden products. You are part of the engagement.
What is the net cash received over the life : Annapolis Company purchased a $4,000, 5%, 10-year bond at 105 and held it to maturity. The straight line method of amortization is used for both premiums.
Why did the company change its strategy : Analyze Amazon.com using the competitive forces and value chain models. How has it responded to pressures from its competitive environment?
Describe the tests of the controls : Below are stated two internal controls and the corresponding tests of the controls. Treating each pair separately, specify the starting point for the test of.
How much of steve contribution is deductible : Steve, age 52, single, is an active participant is an employer plan and has an adjusted gross income of $69,000. How much can Steve contribute to a traditional.
What products or services will your firm sell : The focus will be on accounts receivable. Imagine you are the owner of any business of your choice. For your initial post explain the following.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Compute the depreciation charge under straight-line

compute the depreciation charge for 2015 under each of the following methods. Straight-line. Units-of-output. Working hours. Sum-of-the-years'- digits.

  Determine the interest rate implicit in the lease

Lease payments: 10,000 at lease inception and $12,000 on 30 June each year for the next 10 years. Determine the interest rate implicit in the lease

  How much can wildhorse expect to receive for sale of bonds

Wildhorse Co. is about to issue $329,900 of 6-year bonds paying an 11% interest rate, with interest payable semiannually. The discount rate for such securities.

  What was the gain or loss on the sale of the equipment

Lawler Clothing sold manufacturing equipment for $29,000. What was the gain or loss on the sale of the equipment

  On march 1 2004 tucker corporation purchased a new machine

on march 1 2004 tucker corporation purchased a new machine for 355000. at the time of acquisition the machine was

  How would the entry differ if the dividend

Addison Corporation has ten million shares of common stock issued and outstanding. On June 1 the board of directors voted a 60 cents per share cash dividend to stockholders of record as of June 14, payable June 30.

  Compute the transfer price for chair leg using market price

The Wood Parts Division of Alpha Company sells all of its output to the Finishing Division of the company. Compute transfer price for chair leg

  What has determined that tax liability is

Sandra, a single taxpayer, has taxable income of $94,355. Using the tax tables, What she has determined that her tax liability is

  Determine the amounts that should be allocated

Determine the amounts that should be allocated to Salem Company's assets on the consolidated financial statements workpaper on January 1, 2020

  Compute the current ratio for year 2 and year 1

Dividends of $16,000 were declared and paid in year 2. Compute the current ratio for year 2 and year 1. (Round your answers to 1 decimal place.)

  Prepare the entry record the cost of the ore mine

Perez Company acquires an ore mine at a cost of $1,400,000. Prepare the entry record the cost of the ore mine and year-end adjusting entry

  Include any appropriate journal entries in your response

How might your solution differ if National Distribution Center prepares its financial statements according to International Financial Reporting Standards? Include any appropriate journal entries in your response.

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