User Account

All Pages

What the amount reported by eva company under cash

Assignment Help Financial Accounting
Reference no: EM132577744

In determining the amount to be reported on its December 21, 2020 balance sheet as cash and cash equivalents, the following items were identified;

  1. BDO checking account, includes a P120,000 compensating balance maintained in relation to an existing short-term loan which is not restricted to withdrawal P1,000,000
  2. AUB checking account, includes a P150,000 compensating balance maintained in relation to an existing long-term loan which is legally restricted as to withdrawal 800,000
  3. Bank of Commerce checking account, in which the Company is required to a maintain a minimum average balance of P250,000 at all times to insure future credit availability 750,000

Question 1: The amount reported by Eva Company under cash and cash equivalents is

Reference no: EM132577744

Questions Cloud

How the service adequately addresses needs of the community : Describe the effect of extremely low birth weight babies on the family and community. Consider short-term and long-term impacts, socioeconomic implications.
How much interest revenue from transaction would be record : If the sale was made on June 30, how much interest revenue from this transaction would be recorded for the year ending December 31?
Income statement and a cash flow statement : "What is the difference between an income statement and a cash flow statement? Please also explain how each are used."
Establishing security culture : Review the section on Establishing a Security Culture. Review the methods to reduce the chances of a cyber threat noted in the textbook.
What the amount reported by eva company under cash : What The amount reported by Eva Company under cash and cash equivalents is? In determining the amount to be reported on its December 21, 2020 balance sheet
What is the risk profile of the company microsoft : What is the risk profile of the company Microsoft? (How much overall risk is there in this firm?
What is the cash balance on december of container company : What is the cash balance on December 31, 2018 of Container Company? Total sales and cost of goods sold for 2018 were P2,394,000 (including P500,000 cash sales)
Cloud computing is essential to their business operations : Many enterprise organizations believe that cloud computing is essential to their business operations.
Special projects that company is heavily dependent : In regard to the company Microsoft, what is the Company's Cash Flows, its growth patterns, any special projects that company

Reviews

Write a Review

Financial Accounting Questions & Answers

  Journalize the issuance of the bond, payable on may

Assume that the accounting year of MBO ends on October 31. Journalize the following transactions, including an explanation for each entry.

  Calculate e&p for the year

Cayenne Corporation, an accrual basis taxpayer, has struggled to survive since its formation, six years ago. Calculate E&P for the year and determine Marty's tax consequences, assuming his basis is $65,000

  Inspecting documentation of the reconciliation

inspecting documentation of the reconciliation or by re-performing the reconciliation

  Determine which of the statements is most correct

Determine Which of the statements is most correct, Due to limited liability, unlimited lives, and ease of ownership transfer, the vast majority of U.S. business

  Amount of discountor premiumt

Using the straight- line method. the amount of discountor premiumt o be amortized every intrest period would be''

  Prepare journal entry to record cost of cell phones replaced

Prepare journal entries to record (a) the cost of cell phones replaced under warranty and (b) the estimated liability for product warranties for cell phones sold during the month.

  What are flexible budget amounts of fixed and variable costs

Based on predicted production of 24,000 units, a company anticipates $300,000 of fixed costs and $246,000 of variable costs. If the company actually produces 20,000 units, what are the flexible budget amounts of fixed and variable costs?

  What is estimated raw materials inventory balance at the end

Morganton Company makes one product and it provided the following information to help prepare the master budget for its first four months of operations: What is the estimated raw materials inventory balance at the end of July? What is the total estim..

  Retailer sells expensive electronic circuit component

An online retailer sells an expensive electronic circuit component called EX123. Once every 3 months, a shipment of components is made to this retailer. Past data shows that the demand for EX123 over a 3-month interval is normally distributed with a ..

  Compute welchs gross pay and payroll deductions

Compute Welch's gross pay, payroll deductions, and net pay for the full year 2014.- Compute United's total 2014 payroll expense for Welch.

  Identify the weaknesses in the existing system

Identify the weaknesses in the existing system and suggest improvements that should be included in any new system that senior management might choose

  Prepare required journal entries to record the transactions

Prepare ll required journal entries to record the above transactions. (Hint: don't forget to accrue interest and amortize the premium on the bond)

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