Reference no: EM133031407
Question - Richman Co. purchased P300,000 of 8%, 5-year bonds from Carlin, Inc. on January 1, 2022, with interest payable on July 1 and January 1. The bonds sold for P312,474 at an effective interest rate of 7%. The business model of Richman is both to collect contractual cash flows arising from principal and interests and sell financial assets.
Using the effective interest method, Richman Co. decreased the non-trading Debt Investments account for the Carlin, Inc. bonds on July 1, 2022 and December 31, 2022 by the amortized premiums of P1,062 and P1,098, respectively. At December 31, 2022, the fair value of the Carlin, Inc. bonds was P318,000.
What should Richman Co. report as unrealized gain to other comprehensive income for the year 2022?
A. P2,160
B. 5,526
C. P0
D. P7,686
|
Explain requirements change management process
: 1. List activities the business analyst will perform as a business analyst and when.
|
|
Commenced manufacturing the quadrant assembly units
: Teleflex Inc., an American company manufacturing aircraft components, knew that I.M.P. Group Ltd. was negotiating with the Brazilian government to carry out a p
|
|
Calculate the maximum price at which you will be prepared
: New Trade Ltd is foreseeing a growth rate of 15% per annum in the next three years. Calculate the maximum price at which you will be prepared
|
|
Discuss collective leadership
: Discus collective leadership, its advantages, its disadvantages and the degree to which you feel it is a realistic leadership methodology.
|
|
What should Richman Co report as unrealized gain
: At December 31, 2022, the fair value of the Carlin, Inc. bonds was P318,000. What should Richman Co report as unrealized gain
|
|
Real estate practices in nsw
: Identify and explain the role of the regulatory body for real estate practices in NSW? (Word count 40-60 words)
|
|
Explain decision-making and consensus
: "Learning the approach of the other culture and adapting accordingly is obviously important. Through trial and error and by asking questions, the Beam manager c
|
|
How much cash is to be invested by Bray
: Bray is to be credited with a 1/3 interest in the partnership and is to invest cash. How much cash is to be invested by Bray
|
|
What should be reported as loss on disposal
: Butchie sold 32,000 shares of Binkie Company for 20 per share. What should be reported as loss on disposal of short term investment in Dec. 31, 2023
|