User Account

All Pages

Which possible way of recording such investment in the books

Assignment Help Financial Accounting
Reference no: EM132887588

Question 1: The Salsa company invested in bonds with par value of $ 300,000, and for which it paid $ 315,000. If the intention of the company is to hold these bonds until maturity, a possible way of recording such investment in the books should include a

a. Cr. Investments to hold until maturity for $ 300,000.

b. Cr. Premium in Investments to maintain until maturity for $ 15,000

c. Dr. Investments to hold until maturity for $ 285,000

d. None of the above.

Reference no: EM132887588

Questions Cloud

How much cash will have paid to suppliers of inventory : The beginning to the end of an accounting period and purchases inventory worth $1,000, how much cash will it have paid to suppliers of inventory?
How do you think telemarketing can be made more effective : What Do You Understand By B2b, B2c And B2g? How Do You Think Telemarketing Can Be Made More Effective?
Provide the journal entries to record the revaluation : Provide the journal entries to record the revaluation on 1 July 2017 and the subsequent sale on 1 July 2018
STEM content areas impact future student success : What do you find important about how foundational skills in STEM content areas impact future student success?
Which possible way of recording such investment in the books : If the intention of the company is to hold these bonds until maturity, a possible way of recording such investment in the books should include a
What the value of books of the investment as of december is : Interest is paid on July 1 and January 1 of each year. Based on these data, we can say that the value of books of this investment as of December 31, 2020 is
Project management office environment : Describe the role of the program manager in a project management office environment.
Identify and explain the revenue recognition method : The cost of the property sold is $1,000,000. The first instalment of $750,000 has been received in Year 1, Identify and explain the revenue recognition method
What is step two in the implementation : You have successfully argued that your Company should implement a High Performance Work System within the Technology team.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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