WebOn January 1, 2013, the entity entered into a finance lease with a customer under which the customer would pay P200,000 on January 1 each year for 5 years, commencing in 2013. The cost of the car is P600,000 and the cash selling price was P750,000. The entity paid legal fees of P20,000 to a law firm in connection with the arrangement of the lease. WebStudy with Quizlet and memorize flashcards containing terms like Entities should report marketable equity securities classified as trading at: a. Fair value, with holding gains …
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Web1 de out. de 2014 · On October 1, 2014, the $12,000 premium on a one-year insurance policy for the building was paid and recorded as Prepaid Insurance. On December 31, 2014 (the end of the accounting period), what adjusting entry is needed? a) Debit: Insurance Expense, $3,000; Credit: Cash Paid-In-Advance, $2,000. WebSee Answer. On October 1, Year 1, Gold Co. borrowed $900,000 to be repaid in three equal, annual installments. The note payable bears interest at 5% annually. Gold paid the first installment of $300,000 plus interest on September 30, Year 2. What amount should Gold report as a current liability on December 31, Year 2?
WebAccounting questions and answers. On September 29, Year 5, Wall Co. paid $860,000 for all of the issued and outstanding common stock of Hart Corp. On that date, the carrying … WebDuring year 4, Wall Co. purchased 2,000 shares of Hemp Corp. common stock for $ ... having paid $5,000 five months ago. She also sold 100 shares of DEF Corp. for $1,700, having paid $1,600 two years ago. ... of ABC common stock. On August 27, 2011, Jane purchases an additional 250 shares of ABC common stock for $600. On September 5 ...
Web14 de out. de 2024 · Q1. On September 29, year 2, Wall Co. paid $860,000 for all the issued and outstanding common stock of Hart Corp. On that date, the carrying amounts of Hart’s recorded assets and liabilities were $800,000 and $180,000, respectively. Hart’s recorded assets and liabilities had fair values of $840,000 and $140,000, respectively. Web18 de dez. de 2008 · In all, Merrill handed out $5 billion to $6 billion in bonuses that year. A 20-something analyst with a base salary of $130,000 collected a bonus of $250,000. And a 30-something trader with a ...
WebWall Co. leased office premises to Fox, Inc. for a 5-year term beginning January 2, 2005. Under the terms of the operating lease, rent for the first year was $8,000 and rent for years 2 through 5 was $12,500 per annum. However, as an inducement to enter the lease, Wall granted Fox the first 6 months of the lease rent free.
Web7 de out. de 2024 · Pat contributed $14,000 for 1,400 shares of OCC. On September 8, OCC borrowed $36,500 from a bank, promising to repay the bank in two years. On September 10, OCC wrote a check for $22,500 to acquire computer equipment. On September 15, OCC received $1,450 of supplies purchased on account and, on … hillcrest evangelical church medicine hatWebStudy with Quizlet and memorize flashcards containing terms like During 200X, Papa Company sold inventory, which cost it $18,000, to its subsidiary, Sonnyco, for $27,000. … smart city gardanneWeb题目解析. On September 29, year 2, Wall Co. paid $860,000 for all the issued and outstanding common stock of Hart Corp. On that date, the carrying amounts of Hart’s … smart city funding indiaWebBreaking news and analysis from the U.S. and around the world at WSJ.com. Politics, Economics, Markets, Life & Arts, and in-depth reporting. hillcrest evergreen high school basketballWebBusiness Accounting Wall Company leased office premises to Fox Company for a 5 year term beginning January 1, 2024. Under the terms of the operating lease, rent for the first year is P800,000 and rent for years 2 through to 5 is P1,250,000 per annum. However, as an inducement to enter the lease, Wall Company granted Fox Company the first 3 ... hillcrest eventsWebStudy with Quizlet and memorize flashcards containing terms like During 20X1, X Company manufactured equipment for its own use at a total cost of $2,400,000. The project … smart city forstWeb题目解析. On September 29, Year 1, Wall Co. paid $860,000 for all the issued and outstanding common stock of Hart Corp. On that date, the carrying amounts of Hart's recorded assets and liabilities were $800,000 and $180,000, respectively. Hart's … smart city gesetz