Reference no: EM131178335
Accounting
Text
• Gordon, E. A., Raedy, J. S., & Sannella, A. J. (2016). Intermediate accounting. Boston, MA: Pearson Education, Inc.
Make sure your response addressing the following questions is more than 200 words and you include an in-text citation, a quote from the pronouncement:
When are prepaid debit/credit cards liability extinguished? Read the Liabilities-Extinguishments of Liabilities article. On page three and four the parameters are stated when the liability is extinguished. If either of the following conditions is met:
• The debtor pays the creditor and is relieved of its obligation for the liability. Paying the creditor includes the following:
• Delivery of cash.
• Delivery of other financial assets.
• Delivery of goods or services.
• Reacquisition by the debtor of its outstanding debt securities whether the securities are cancelled or held as so-called treasury bonds.
• The debtor is legally released from being the primary obligor under the liability, either judicially or by the creditor. For purposes of applying this Subtopic, a sale and related assumption effectively accomplish a legal release if nonrecourse debt (such as certain mortgage loans) is assumed by a third party in conjunction with the sale of an asset that serves as sole collateral for that debt.
Financial Liabilities
Read Chapters 13 and 14 in the textbook.
Write: Make sure your response addressing the following questions is more than 200 words and you include an in-text citation, a quote from the pronouncement.
When bonds are issued at other than par value, a discount or premium is recorded. This discount or premium is amortized over the life of the bond. However, callable bond may be retired before the maturity date, which leaves a loss or gain to be recognized. Read the FASB Looks to Amend Income Recognition Rules Related to Callable Bonds article.
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Entity-relationship diagrams
: Research and describe an example of a system design that would effectively utilize entity-relationship diagrams (ERDs).
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Identify the frame sizes available to meet this requirement
: A three-phase, four-wire panel board must feed 42 circuits. From tables provided in this chapter, identify the frame sizes available to meet this requirement.
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Consideration of the ideas and concepts
: Your presentation should demonstrate thoughtful consideration of the ideas and concepts presented in the course and provide new thoughts and insights relating directly to this topic. Incorporate appropriate animations, transitions, and graphics as..
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Identify each of the following as relating to
: Identify each of the following as relating to- the control environment, - control procedures, or - monitoring.
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Which leaves a loss or gain to be recognized
: However, callable bond may be retired before the maturity date, which leaves a loss or gain to be recognized. Read the FASB Looks to Amend Income Recognition Rules Related to Callable Bonds article.
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Calculate the price of the call
: Consider a European call on a stock when there are ex-dividend dates in four months and seven months. The dividend on each ex-dividend date is expected to be $2.50. The current stock price is $50, the exercise price is $51, the volatility is 20% per ..
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Identify the minimum frame size required
: A single-phase, three-wire panel board must feed 30 circuits. From tables provided in this chapter, identify the minimum frame size required.
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Think company are expected to grow at an annual rate
: The earnings of Think Company are expected to grow at an annual rate of 14% over the next 5 years and then slow to a constant rate of 10% per year. Mylanta currently pays a dividend of $0.36 per share. What is the value of Mylanta's stock to an inves..
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Financial performance and position of nonat
: Analyse the financial performance and position of Nonat Co for the year to 31 December 2015 in comparisonto the sector averages.
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