Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question - MIRANDA CO. is planning to put a new factory building to cope with the high demands of its product. To fund this project, MIRANDA issued a P10 million, 12% bond for P10.8 million including accrued interest of P200,000 on December 1, 2018. Interest on this financing is paid every beginning of October and April. The carrying amount of the bonds on December 31, 2020 was reported at P10.3 million. In the beginning of September 2021, a large amount of cash was saved and MIRANDA reacquired the bonds at face value plus accrued interest. Straight line amortization is used for discounts, premiums and bond issue costs. What would be the carrying amount of the bonds on December 31, 2019? What is the gain (loss) on the early extinguishment of debt?
(Part Level Submission) Sosa Excavating Inc. is purchasing a bulldozer. The equipment has a price of $102,000. The manufacturer has offered a payment plan that would allow Sosa to make 15 equal annual payments of $14,185, with the first payment due o..
Over the last twelve years, you have been making monthly payments on a 30 year, $80,000 home loan at 8% interest compounded monthly. You have just won $100,000 while on a riverboat gambling cruise in Dubuque, Iowa. Draw the Cash Flow Diagram (neatly ..
Brandon's home health care agency is considering a new product with a fixed cost of $2,000, Calculate the break-even point in quantity
During March, two cars are sold for $9,000 each. Sam determines that at March 31, the $9,750 car is still on hand. What is Sam’s gross profit for March?
Assuming a current ratio of 1.0, how will the purchase of inventory with cash affect the ratio? A. increase the current ratio B. no change to the current ratio C. decrease the current ratio D. could either increase or decrease the current ratio
he mailing of Ken’s Checks continued for the next four weekly Paydays. It wasn’t until the monthly Payroll reports were sent to Ken’s supervisor that the error was detected. Ken refused to return the four extra checks. What actions should the com..
Sachin has asked his flat mate Jason for a $450 loan to cover a portion of his rent and utility costs. Sachin proposes repaying the loan with $375 from each of his next two financial aid disbursements, the first 4 months from now and the second 13 mo..
Assume that you found one recorded amount of $4,863 that had an audited balance of $8,463. What is the projected misstatement plus incremental allowance for sampling risk? Show this in tabular form
Consider the accounting implications of the two charging methods for the company collecting the road tolls. What are the balance sheet and income statement accounts it must set up in its books?
Given the readings and assignments in the course, identify, and briefly discuss two important applications of financial accounting.
Issuers of financial statements that fail to disclose, Does reduce the responsibility of management to properly disclose the sale of accounts receivable?
What is the payback period for each project? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd