Web1) The company purchased $12,800 of merchandise on account under terms 2/10, n/30. 2) The company returned $2,300 of merchandise to the supplier before payment was made. 3) The liability was paid within the discount period. 4) All of the merchandise purchased was sold for $19,600 cash. Assets and liabilities decrease by $2,300. WebHawk Company was recently sued by a customer for $5,000,000. The lawyers for the Company believe it is probable that Hawk will have to pay a settlement of $1,000,000. ... The company purchased a 1-year insurance policy on the equipment for $1,200 and after operating the equipment for three months performed routine maintenance at a cost of …
Investment at Amortized Cost - INVESTMENT AT …
WebOn July 2024, Hawk Company purchased P5,000,000 face amount 8% bonds for P4,615,000 to yield 10% per year to be held as financial asset at amortized cost . The Bonds pay interest semiannually on January 1 and July 1. on December 31, 2024, what amount should be reported as interest receivable? tiffany\\u0027s gay marriage ad
1. Hawk Company purchased 8,000, P1,000 face amount, …
WebHawk Company purchased 8,000, P1,000 face value, 9% bonds to yield 10%. The carrying amount of the bonds on January 1, 2015 was P7,800,000. The bonds mature … WebCASE I: On July 1, 2026, ABC purchased 5,000 of the P1,000 face amount, 8% bonds to yield 10% per annum. The bonds, which mature on July 1, … WebIn 2011, Osgood Corporation purchased $4 million in 10-year municipal bonds at face value. On December 31, 2013, the bonds had a market value of $3,600,000 and Osgood reclassified the bonds from held to maturity to trading securities. Osgood's December 31, 2013, balance sheet and the 2013 income statement would show the following: the media the guardian