b Answered: Carla Vista Co. P7-10 (Comprehensive Re ACC2353 Assignment Six- Paper-207 (40) : COMMER WileyPLUS X Ahttps://edugen.wileyplus.com/edugen/Iti/main.uni WileyPLUS Kieso, Intermediate Accounting, 11e, Volume 1 Help System Announcements PRINTER VERSION BACK NEXT ASSIGNMENT Describe the relevant cash flows in terms of amount and timing. RESOURCES ACC2353 Assignment Six Cash inflows from notes 2017 2018 2019 2020 2021 Brief Exercise 7-4 Brief Exercise 7-8 Brief Exercise 7-10 Brief Exercise 7-13 Brief Exercise 7-15 Brief Exercise 7-20 Brief Exercise 7-22 Brief Exercise 7-25 Exercise 7-7 8% Note receivable X Principal 593000 $3 $ Interest 7% Note receivable Principal Exercise 7-16 Problem 7-9 Interest Review Score Review Results by Study Objective Non-interest-bearing note receivable Payment Instalment contract receivable Down payment Payment 6% Note receivable Principal 1:18 PM Type here to search ENG 2019-11-04 b Answered: Carla Vista Co. P7-10 (Comprehensive Re ACC2353 Assignment Six- Paper-207 (40) : COMMER WileyPLUS X Ahttps://edugen.wileyplus.com/edugen/Iti/main.uni WileyPLUS Kieso, Intermediate Accounting, 11e, Volume 1 Help | System Announcements NEXT PRINTER VERSION BACK Ihterest ASSIGNMENT RESOURCES 7% Note receivable ACC2353 Assignment Six Principal Brief Exercise 7-4 Brief Exercise 7-8 Brief Exercise 7-10 Brief Exercise 7-13 Brief Exercise 7-15 Brief Exercise 7-20 Brief Exercise 7-22 Brief Exercise 7-25 Exercise 7-7 Interest Non-interest-bearing note receivable Payment Instalment contract receivable Down payment Exercise 7-16 Problem 7-9 Payment Review Score Review Results by Study Objective 6% Note receivable Principal Interest Total SHOW SOLUTION ι ΤMK τη ΤEΥΤ 1 TMK τη ΤΕΥT 1:18 PM Type here to search ENG 2019-11-04 XwwwX

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Ayayai Corp. had the following long-term receivable account balances at December 31, 2016.

Notes receivable - Sale of division		$1,779,000
Notes receivable - Employees		380,000

The $1,779,000 note receivable is dated May 1, 2016, bears interest at 8%, and represents the balance of the consideration received from the sale of Ayayai's electronics division to Blossom Company. Principal payments of $593,000 plus appropriate interest are due on May 1, 2017, 2018, and 2019. The first principal and interest payment was made on May 1, 2017. Collection of the note instalments is reasonably assured.

(we have to fill the table)

(table is the screenshot image attached)

b Answered: Carla Vista Co.
P7-10 (Comprehensive Re
ACC2353 Assignment Six-
Paper-207 (40) : COMMER
WileyPLUS
X
Ahttps://edugen.wileyplus.com/edugen/Iti/main.uni
WileyPLUS
Kieso, Intermediate Accounting, 11e, Volume 1
Help System Announcements
PRINTER VERSION
BACK
NEXT
ASSIGNMENT
Describe the relevant cash flows in terms of amount and timing.
RESOURCES
ACC2353 Assignment
Six
Cash inflows from notes
2017
2018
2019
2020
2021
Brief Exercise 7-4
Brief Exercise 7-8
Brief Exercise 7-10
Brief Exercise 7-13
Brief Exercise 7-15
Brief Exercise 7-20
Brief Exercise 7-22
Brief Exercise 7-25
Exercise 7-7
8% Note receivable
X
Principal
593000
$3
$
Interest
7% Note receivable
Principal
Exercise 7-16
Problem 7-9
Interest
Review Score
Review Results by
Study Objective
Non-interest-bearing note receivable
Payment
Instalment contract receivable
Down payment
Payment
6% Note receivable
Principal
1:18 PM
Type here to search
ENG
2019-11-04

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