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Problem 1: On Jan. 1, 2021, XYZ Bank extended a 3-year P5,000,000 loan to ABC Corporation. The interest rate agreed upon is 7%. The bank incurred direct and indirect origination costs of P75,100 and P50,000 respectively, but collected origination fees of P328,230 from ABC. The effective interest rate is 9%. What is the total receivable related to the loan to ABC on Dec. 31, 2021?
every single transaction we engage in must be entered into the accounting equation.what is the accounting
Santa Fe paid within the discount period. Assume that both buyer and seller use a perpetual inventory system.
calculate the maximum increase in contribution margin. Assume that Xcelerate can sell all products manufactured
On January 1, 2020, Pina Corporation issued a series of 500 convertible bonds, Prepare all required journal entries to record the above transactions.
How do you write wages due to employees that had been previously recorded as a liability now paid in cash in the amount of $50,000 in journal entry
If someone purchased one share of common stock at the beginning of the year for $25. What was his/her return on investment
Describe how you do or could use operations security in your current job. Be sure to describe your job role (or desired job role)
Passive income at the corporate level flows through to the shareholders. An S corporation must recognize gains and losses on a distribution of property.
Brisbane Uniform Company (BUC) specializes in providing uniforms to hotels and restaurants. BUC is a new company from Australia trying to break into the U.S. market. They have had trouble breaking into larger accounts (Marriott, Hilton, Sheraton) ..
What rationalization did you apply to legitimize your behavior. What factors in the situation enabled or disabled taking the ethical path
Excess of tax depreciation over book depreciation, $40,000. This $40,000 difference will reverse equally over the years 2011-2014. Deferral, for book purposes, of $25,000 of rent received in advance. The rent will be earned in 2011.
business organizations own various types of assets and have various types of liabilities and my even have various
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