A loan borrowed by an individual secured against the personal property is. a. Character b. Conditions c. Capital d. Collateral

Q: How will the lender of the promissory note record the note on its books? as an expense as revenue…

A: Revenue: This is the income of a firm during an accounting period. The income is recognized as and…

Q: Discuss the accounting problems associated with interest capitalization.

A: Interest capitalization: Capitalization interest is the cost of funds that are used to finance for…

Q: The cost of debt is a. interest. b. principal. c. equity. d. liquidity.…

A: The cost of debt is the effective interest rate that a company pays on its debt financing. It…

Q: What types of investments generate interest income and how is interest income reported?

A: Ans. Interest income is the earnings received in return of the amount deposited as investments.

Q: A finance charge includes which elements?

A: Finance charge is a very common occurrence associated with the use of credit. For example users of…

Q: What items are listed on a loan document

A: There are various kinds of loans that an individual can take from a bank or a financial institution.…

Q: What is the amount of loan extended to MAPCD Co

A: An extended loan means when the amount of the loan is increased by the lender of the loan. the note…

Q: Which one of the following is a current asset? 4 Creditors. Accruals. Machinery. Prepayments.

A: Current assets is the one which is easily convertible into cash or its equivalent. It includes cash,…

Q: The Balance Sheet for First Union Bank are shown below: Balance Sheet (in millions) Assets Cash and…

A: Earning assets: The earning assets are the investments for the business that produces income for the…

Q: rest that is converted into principal and thus, also earns interest?

A: Step 1   Simple interest is a fixed proportion of the principal amount borrowed or lent that is paid…

Q: A loan to purchase real estate in which the real estate itself serves as collateral is a ____ loan.…

A: C. MORTGAGE LOAN In Mortgage Loan real estate or property as Kept as security.  Mortgage is a…

Q: Differentiate between Current Account vs Capital Account.

A: Account: A record, that documents or records the changes in assets, liabilities, or equity for a…

Q: On the balance sheet, liabilities are generally classified as a. current or long term b. legal or…

A: Current Liabilities Long term liabilities

Q: perlod of a loan or investment

A: Compounding period and period of loan are interrelated to each other.

Q: Which of the following debts is common property? none of the choices obligations contracted during…

A: Debt is something that one party borrows from another, usually money. Debt is used to make large…

Q: A release clause in a note and deed of trust is activated by a.​the full satisfaction of the terms…

A: The release clause allows for the freeing of all or part of a property from a claim by the creditor…

Q: What is an account receivable? O a. Sales O b. Asset O c. Income O d. Creditors

A: Following is the answer to the given question

Q: Discuss the impact of the balance sheet, income sheet, and statement of CF when securitization is…

A: Securitization is the process of conversion of various financial assets asset into trading…

Q: Which of the application of of a. Presenting a the related s b. Deducting fe gains and pr c.…

A: Presentation of Financial Statements PAS 1 describes the basis for presenting the general purpose…

Q: Is accrued interest an asset, liability or owner's equity?

A: Accrued interest refers to the amount of interest that is earned or incurred till the reporting…

Q: Accounts payable is a Select one: A. current liability B. current asset C. long-term liability D.…

A: Accounts payable are short term obligation which should be paid to the vendors or suppliers for the…

Q: Fair value is used to value which of the following balance sheet accounts? a. Prepaid expenses;…

A: The value of financial instruments, such as debt securities, that are traded or sold is sometimes…

Q: Explain Transfer of Property or a Beneficial Interest in Borrower?

A: The question is based on the agreement of Mortgage loan in real estate deal.

Q: A(n) _________ is a lender, seller, or any other person in whose favor there is a security interest.…

A: Following are the definitions:   Unsecured Creditor: A creditor not having the benefit of security…

Q: Catanduanes Corporation is under court-supervised liquidation due to its insolvency. The court-…

A: The estimated recovery percentage of unsecured creditors without priority is calculated by dividing…

Q: It is the fractional part of the capital or sum invested that is paid for the loan or investment.…

A: 1. The rate of interest is some predecided percentage that is charged on the loan amount or provided…

Q: Describe the Principle of Investing in Financial Assets?

A: The financial assets are those assets which are not having a physical existence like stocks, fixed…

Q: 1. This refers to the aggregate of distinctive mental and moral qualities of the debtor which…

A: A term loan is a type of credit vehicle in which an amount is lent to another party in exchange for…

Q: 13. Fees for managing and protecting a customer"s property is considered under category interest…

A: This question deals with the selection of accounting head in which fees for the managing and…

Q: Which concept is applied to net income and other comprehensive income? A. Borrowed Capital B.…

A:

Q: True or false  Simple interest is calculated on the principal and any accrued interest

A: Interest:   Interest is the cost of borrowing money-, in other words Interest is the amount charged…

Q: Borrowing cost can be capitalized as cost of the assets when

A: Borrowing costs are costs related to amount borrowed or loans taken. This is the interest expense…

Measuring Your Credit Capacity

Credit capacity means determining one’s ability to manage credit. The credit capacity of the individual or an organization is measured based on the details of the earnings, expenses, and previous debts. Credit capacity valuation is crucially required in obtaining huge debt obligations from a lender such as housing loans, car loans, and business loans.