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Problem -
Red Co. owned 50,000 shares of another Blue Co.. These 50,000 shares were originally purchased for P100 per share. The investee distributed 50,000 rights to Red Co.. Red Co. was entitled to buy one new share for P140 and five of these rights. Each share had a market value of P150 and each right had market value of P10 on the date of issuance. Red Co. exercised all rights. The share rights are accounted for separately and measured initially at fair value. What total cost should be recorded for the new shares that are acquired by exercising the rights?
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?
Discuss the various accounting concepts and by use of relevant example discuss how one concept may conflict with another concept
Now suppose the year-end stock price after the dividend is paid is $72. What are the dividend yield and percentage capital gain in this case?
While the payables deferral period would remain unchanged at 35 days. What effect would these policies have on the company's cash conversion cycle?
Clyde purchased 300 shares Silo stock for $30,000, 20 years ago. On May 23 of the current year, Clyde sold all of the stock to his daughter Alicia for $20,000, its then fair market value. Clyde realized no other gain or losses during the year. On Jul..
Straight-line method and can be sold for $410,000 today. The company's tax rate is 34 percent. What is the aftertax salvage value of the equipment?
Journalize for FV the Paying the cash dividends on January 4, 2013. FV Company earned net income of $75,000 during the year ended December 31, 2012
gomez service company paid their first installment on their notes payable in the amount of 2,000. how wil this transaction affect the accounting equation?
Jonas, the sole shareholder of Emerald Corporation, wants to better understand the implications of this adjustment for E & P purposes, as he anticipates a distribution from Emerald in the current year. Prepare a memo for your firm's client files ..
It's also important because it affects all of us, in one way or another, in our daily life. After R5 and R6 coverage of the UCC, illustrate what areas seemed familiar to you because of personal experiences?
Compute What rate would bank offer a customer who is in upper medium grade risk class? The bank's pure rate of interest is 4.0% and the inflation premium is 3%.
What is the company's WACC for Huntington Power Co? Debt: 5,000 7.8 percent coupon bonds outstanding, $1,000 par value, 20 years to maturity
If the expected long-run growth rate for this stock is 3%, and if investors' required rate of return is 10.5%, what is the stock's intrinsic value?
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