on january 1 2020 Liu corporation paid $250007 to
aquire bonds of Singh investment Corp. with a par value of $254000.
The annual contract rate on the bonds is 8%. and interest is paid
semiannually on June 30 and Dec. 31. The bonds mature after three
years. The market rate of interest was 7.7 %. Liu Corporation
intends to hold the bonds untill maturnity.
1. prepare an anortization schedule for the investment showing only
2020
2 prepare Liu's entries to record the purchase of the bonds
3. prepare the Liu's entries to prepare to record the reciept of
the first two interest payments.
4. show how the investment will appear on dec. 31, 2020 balance
sheet
In: Accounting
In: Finance
Eagle Corporation operates under ideal conditions of certainty. It acquired its sole assets (a pen making machine) on January 1, 2020. The asset will yield $500 cash for 4 years at the end of the year; from 2020 to 2023, inclusive, after which it will have no salvage value or disposal costs. The interest rate in the economy is 4%. The purchase of the asset was financed by the issuance of common shares. Eagle Corporation will pay no dividend at the end of each year.
Required
Prepare a balance sheet AND income statement as at the end of
December 31, 2020.
b. Under ideal conditions, what is the relationship between present
value and market value? Explain why
In: Accounting
QUESTION 2
The government of Ghana through the Minister of Finance presented
the 2020 Budget statement to Parliament in November 2019.The
Coronavirus Disease 2019 (COVID -19) pandemic that has hit the
world has impacted on global economy including Ghana, thus
affecting our macroeconomic targets in the budget statement
presented in November 2019. The Minister of Finance presented a
statement to Parliament on the economic impact of COVID – 19
pandemic on the economy of Ghana and the way forward at the end of
March, 2020.
Discuss five (5) key impact of the COVID-19 on the achievement of
our fiscal policy targets for the year 2020 by comparing the
original budget statement to the one presented after COVID- 19.
In: Economics
The government of Ghana through the Minister of Finance
presented the 2020 Budget statement to Parliament in November
2019.The Coronavirus Disease 2019 (COVID -19) pandemic that has hit
the world has impacted on global economy including Ghana, thus
affecting our macroeconomic targets in the budget statement
presented in November 2019. The Minister of Finance presented a
statement to Parliament on the economic impact of COVID – 19
pandemic on the economy of Ghana and the way forward at the end of
March, 2020.
Discuss five (5) key impact of the COVID-19 on the achievement of
our fiscal policy targets for the year 2020 by comparing the
original budget statement to the one presented after COVID- 19.
In: Economics
The government of Ghana through the Minister of Finance presented the 2020 Budget statement to Parliament in November 2019.The Coronavirus Disease 2019 (COVID -19) pandemic that has hit the world has impacted on global economy including Ghana, thus affecting our macroeconomic targets in the budget statement presented in November 2019. The Minister of Finance presented a statement to Parliament on the economic impact of COVID – 19 pandemic on the economy of Ghana and the way forward at the end of March, 2020. Discuss five (5) key impact of the COVID-19 on the achievement of our fiscal policy targets for the year 2020 by comparing the original budget statement to the one presented after COVID- 19.
In: Economics
The government of Ghana through the Minister of Finance presented
the 2020 Budget statement to Parliament
in November 2019.The Coronavirus Disease 2019 (COVID -19) pandemic
that has hit the world has impacted
on global economy including Ghana, thus affecting our macroeconomic
targets in the budget statement
presented in November 2019. The Minister of Finance presented a
statement to Parliament on the economic
impact of COVID – 19 pandemic on the economy of Ghana and the way
forward at the end of March, 2020.
Discuss five (5) key impact of the COVID-19 on the achievement of
our fiscal policy targets for the year 2020
by comparing the original budget statement to the one presented
after COVID- 19.
In: Economics
On January 1, 2015, a machine was purchased for $109,800. The machine has an estimated salvage value of $7,320 and an estimated useful life of 5 years. The machine can operate for 122,000 hours before it needs to be replaced. The company closed its books on December 31 and operates the machine as follows: 2015, 24,400 hrs; 2016, 30,500 hrs; 2017, 18,300 hrs; 2018, 36,600 hrs; and 2019, 12,200 hrs.
Part 1
New attempt is in progress. Some of the new entries may impact the last attempt grading.Your answer is partially correct.
Compute the annual depreciation charges over the machine’s life assuming a December 31 year-end for each of the following depreciation methods. (Round answers to 0 decimal places, e.g. 45,892.)
| (1) | Straight-line Method |
$ |
||
| (2) | Activity Method | |||
| Year | ||||
| 2015 |
$ |
|||
| 2016 |
$ |
|||
| 2017 |
$ |
|||
| 2018 |
$ |
|||
| 2019 |
$ |
|||
| (3) | Sum-of-the-Years'-Digits Method | |||
| Year | ||||
| 2015 |
$ |
|||
| 2016 |
$ |
|||
| 2017 |
$ |
|||
| 2018 |
$ |
|||
| 2019 |
$ |
|||
| (4) | Double-Declining-Balance Method | |||
| Year | ||||
| 2015 |
$ |
|||
| 2016 |
$ |
|||
| 2017 |
$ |
|||
| 2018 |
$ |
|||
| 2019 |
$ |
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Part 2
Assume a fiscal year-end of September 30. Compute the annual depreciation charges over the asset’s life applying each of the following methods. (Round answers to 0 decimal places, e.g. 45,892.)
|
Year |
Straight-line Method |
Sum-of-the-years'-digits method |
Double-declining-balance method |
|||
| 2015 |
$ |
$ |
$ |
|||
| 2016 | ||||||
| 2017 | ||||||
| 2018 | ||||||
| 2019 | ||||||
| 2020 |
eTextbook and Media
In: Accounting
Hey can you please answer this question in detail and explanation in your own word i need to post in discussion board
Be sure to give thought to each assigned question before posting.
In: Computer Science
Murray Compensation, Inc. (Murray), an SEC registrant that provides payroll processing and benefit administration services to other companies, granted 100,000 “at-the-money” employee share options on January 1, 2010 . The awards have a grant-date fair value of $6, vest at the end of the third year of service (cliff-vesting), and have an exercise price of $21. Subsequent to the awards being granted, the stock price has fallen significantly. On January 1, 2012 , Murray decreased the exercise price on the stock options to $12. This downward adjustment to the exercise price was made in order to ensure that the options continue to provide intended motivational benefit to employees. However, in addition to the reduction in the exercise price, Murray also changed the vesting terms, such that the employees must provide an additional two years of service (awards will now vest on January 1, 2015). Immediately prior to the reduction in the exercise price of the awards, the fair value was $1 per award. After considering the impact of the January 1, 2012, re-pricing, the fair value was $4 per award.
How much compensation expense should be record each year before 2012?
How does decreasing exercise price impact on the fair value of stock option?
In: Accounting