Martinez uses the effective-interest method of amortizing bond premium. At the end of the first year, Martinez should report unamortized bond premium of: 1. Question: : (TCO C) Sisco Co. purchased a patent from Thornton Co. for $180,000 on July 1, 2007. Sisco amortizes the patent over a period of 10 years. Expenditures of $92,000 for successful litigation in defense of the patent were paid on July 1, 2011.
A firm’s value depends on the positive net income generated in the past. True False A firm’s value depends on the firm’s ability to generate positive cash flows now and in the future True False When determining the value of a firm, which of the following statements is true? • Inversters are risk neutral. Other things equal they prefer to pay more stocks that are less risky and have uncertain cash flows • Investers love risk. Other things equal they prefer to pay more for stocks that are more risky and have uncertain cash flows.
------------------------------------------------- - 1 of 7 ACST201.A1.001 A $100,000 Bank Bill will mature at the end of 133 days. Find its price, to the nearest cent, assuming: a)9% pa simple interest and a 365 day year. Price = $ b)9% pa simple discount and a 365 day year. Price = $ c)9% pa simple interest and a 360 day year. Price = $ d)9% pa simple discount and a 360 day year.
$9,213. c. $9,234. d. $9,324. 99. Assuming that Rich maintains perpetual inventory records, what should be the inventory at January 31, using the moving-average inventory method, rounded to the nearest dollar?
It is important to remember that financial statements must be presented fairly and in accordance with accounting principles as it is evident here that there is a bias towards presenting statements in a financially strong way. Another important user is the controller, Liam Hanlon who is a potential shareholder. As a potential shareholder, he may wish to present financial statements is such a way as to make it seem as if the company is not a very attractive investment to deter other potential investors and to be able to purchase shares at a lower price. Another slightly conflicting interest would be to prepare accurate
Box G7 or Box G18 Activity 5.7 In Activity 5.1 you used the BAS worksheet to complete the quarterly BAS for The Nice Scent Shoppe. Now we will give you some further information for that quarter and you are to complete the BAS Summary report using Option 2 for PAYG income tax instalment. 1. The FBT instalment has been notified as $2400. The firm requires this to be varied to an annual FBT payable of $12 000.
Evaluate: . a. 82 b. c. d. -82 18. Find the sum of -24, 16, and -32. a. -40 b.
The higher the ratio the more assurance exists that the retirement of current liabilities can be made. The current ratio measures the margin of safety available to cover any possible shrinkage in the value of current assets. Normally a ratio of 2 to 1 (2.0) or better is considered good. Short-term creditors prefer a high current ratio since it reduces their risk. Shareholders may prefer a lower current ratio so that more of the firm's assets are working to grow the business.
. . 14 Part IV Total Losses Allowed 15 16 0 15000 Add the income, if any, on lines 1a and 3a and enter the total . . .
K12_1821161 $100 Answer from 4 Jan 9, 2014 1:03:23 PM Page 36. Blackboard Collaborate ?? K12_1821161 $200 Question from 4 Jan 9, 2014 1:03:23 PM Page 37. Blackboard Collaborate ?? K12_1821161 $200 Answer from