Palawan financing has a total assets of P500,000 and total liabilities of P300,000 at the end of the December 31, 2020. What is the amount to be received by the shareholders if the company liquidates its total assets at P450,000 and payoff all of its liabilities?" "P450,000" "P200,000" "P180,000" "P150,000"
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"P450,000"
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"P200,000"
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"P180,000"
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"P150,000"
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- Red Company financing has a total assets of P500,000 and total liabilities of P300,000 at the end of the December 31, 2020. What is the amount to be received by the shareholders if the company liquidates its total assets at P450,000 and payoff all of its liabilities? No peso sign, with comma, no decimal point.5. An entity had a note payable P5,000,000 due June 15, 2021. The entity signed an agreement on December 1, 2020 to borrow up to P5,000,000 to refinance the note payable on a long-term basis with no payments due until 2022. The financing agreement stipulated that borrowing may not exceed 80% of the value of the collateral. At the date of the issuance of 2020 financial statements, the value of the collateral was P6,000,000 and is not expected to fall below this amount. What amount of the note payable should be classified as noncurrent on December 31, 2020? a. 5,000,000 b. 4,800,000 c. 200,000 d. 0Subject :- ADVANCED FINANCIAL ACCOUNTING (FIN611) Question # 2:XYZ Limited has the following loans outstanding as at December 31, 2020. Calculate the Capitalization RateLoan – A @ 8% (taken at January 01, 2020) Rs. 600,000Loan – B @ 5% (taken at July 01, 2020) Rs.400,000Loan – C @ 9% (taken at September, 01 2020) Rs.300,000The company spent following amounts on construction of an asset.March 01, 2020. Rs. 500,000August 01, 2020. Rs. 400,000December 1, 2020 Rs. 400,000 Note:- Solve these question and please explain in detail in such a way that i will get full marks.
- Show the solution in good accounting form. On January 1, 2020, HIBISCUS Company purchased 4,000 of P1,000 face value, 10% bonds of IXORA Company for 24,270,600. The bonds will mature on January 1, 2025 and pay interest semi-annually on January 1 and July 1. Bonds effective interest rate is 8%. HIBISCUS has a business model of collecting all the contractural cash flows related to the instrument. How much should HIBISCUS report as interest income on the bonds in the year 2020?9. On January 1, 2020, HIBISCUS Company purchased 4,000 of ₱1,000 face value, 10% bonds of IXORA Company for ₱4,270,600. The bonds will mature on January 1, 2025, and pay interest semi-annually on January 1 and July 1. Bond's effective interest rate is 8%. HIBISCUS has a business model of collecting all the contractual cash flows related to the instrument. How much should HIBISCUS report as interest income for the year ended December 31, 2020, on the bonds? * PLEASE SHOW YOUR SOLUTIONS IN GOOD ACCOUNTING FORM. THANK YOU!The following information relates to Arlon Manufacturers which will commence business on 01 January 2024 with R750 000 cash: 1. 2. New machinery and equipment will be purchased on 02 January 2024 for R300 000. A deposit of 20% will be paid immediately. The balance of the debt as well as finance charges of R18 000 will be paid in 12 equal instalments commencing February 2024. Production will commence on 05 January 2024 and 30% of the sales for February's will be manufactured in January. Each month thereafter the production will consist of 70% of the current month's sales and 30% of the following month's sales. 3. Estimated sales at R72 per unit are as follows: 4. January February March April Units 0 8 500 11 000 10 500 Cash sales are expected to comprise 60% of the total sales. A cash discount of 10% will be granted to these customers. The balance of the sales will be on credit. Thirty percent (30%) of the amount owing is expected to be received in the month of the sale and the balance…
- 9. On January 1, 2020, HIBISCUS Company purchased 4,000 of ₱1,000 face value, 10% bonds of IXORA Company for ₱4,270,600. The bonds will mature on January 1, 2025 and pay interest semi-annually on January 1 and July 1. Bonds effective interest rate is 8%. HIBISCUS has a business model of collecting all the contractural cash flows related to the instrument. How much should HIBISCUS report as interest income on the bonds?On 1 January 2020, an entity purchased a debt instrument at its face value of P1,000,000. The contractual term is ten years with an annual coupon of 6%. On 31 December 2020, the fair value of the instrument decreases to P955,000. 12-month expected credit losses as determined under the impairment model are P25,000. Which statement is correct if the debt instrument is classified as FA@FVTOCI? a. The net amount to be recognized in 2020 profit or loss is P60,000. b. The amount to be recognized in 2020 other comprehensive income is P45,000. c. None of these d. The amount to be reported on the entity's December 31, 2020 statement of financial position is P930,000.Excelsior Corporation has the following headings on its December 31, 2019 Balance Sheet:Total Current Assets $200,000Total Assets $500,000Total Current Liabilities $156,500Total Non Current Liabilities $300,000On January 2020 Excelsior sells temporary investments to pay off $48,900 in long term debt Required 1: How much will working capital increase (decrease) by when comparing December 2019 with January 2020? $ Required 2: If no other transaction took place in January 2020, the current ratio at the end of January 2020 is: Required 3: If no other transaction took place in January 2020, the debt to equity ratio at the end of January 2020 is: Required 4: If no other transaction took place in January 2020, the financial leverage in January 2020 is (calculate the Equity Ratio and not the Equity Ratio percentage): Required 5: If last 12 month sales as of January 2020 amount to $480,000, the working capital turnover for the period ended January 31st 2020 is:
- Excelsior Corporation has the following headings on its December 31, 2019 Balance Sheet: Total Current Assets $200,000 Total Assets $500,000 Total Current Liabilities $144,000 Total Non Current Liabilities $300,000 On January 2020 Excelsior sells temporary investments to pay off $41,400 in long term debt Required 1: How much will working capital increase (decrease) by when comparing December 2019 with January 2020? $ Required 2: If no other transaction took place in January 2020, the current ratio at the end of January 2020 is: Required 3: If no other transaction took place in January 2020, the debt to equity ratio at the end of January 2020 is: Required 4: If no other transaction took place in January 2020, the financial leverage in January 2020 is (calculate the Equity Ratio and not the Equity Ratio percentage): Required 5: If last 12 month sales as of January 2020 amount to $480,000, the working capital turnover for the period ended January 31st 2020 is:On April 1, 2021, the Electronic Superstore borrows $21 million of which $7 million is due in 2022. Show how the company would report the $21 million debt on its December 31, 2021 balance sheet. (Enter your answers in dollars not in millions. For example, $7,000,000 rather than $7 million.) Electronic Superstore Partial Balance sheet December 31st 2021 Current liabilities: Long-term liabilities: Total liabilitiesAn entity had a note payable P5,000,000 due June 15, 2021. The entity signed an agreement on December 1, 2020 to borrow up to P5,000,000 to refinance the note payable on a long-term basis with no payments due until 2022. The financing agreement stipulated that borrowing may not exceed 80% of the value of the collateral. At the date of the issuance of 2020 financial statements, the value of the collateral was P6,000,000 and is not expected to fall below this amount. What amount of the note payable should be classified as noncurrent on December 31, 2020?