What's the best answe for 7-1, 7-2, and 7-3 December 31, 2021. The loan matures in three years onPROBLEMSle.Problem 7-1 (IFRS)Nesty Bank granted a loan to a borrower on January 1, 2020.The interest on the loan is 10% payable annually startingivable.to loanDecember 31, 2023.Principal amountDirect origination cost incurredOrigination fee received from the borrower4,000,000150,000342,100After considering the origination fee received from thehorrower and the direct origination cost incurred, the effectiverate on the loan is 12%.fromRequired:- thePrepare journal entries for 2021, 2022 and 2023.Problem 7-2 (IFRS)ostsAwesome Bank granted a loan to a borrower on January 1,2021. The interest rate on the loan is 10% payable annuallystarting December 31, 2021. The loan matures in five yearson December 31, 2025.Principal amountDirect origination costOrigination fee received from borrower4,000,00061,500350,000theThe effective rate on the loan after considering the directorigination cost and origination fee received is 12%.Required:1. Compute the earrying amount of the loan receivable onJanuary 1, 2021.me2. Prepare a table of amortization for the loan receivable.3. Prepare the journal entries for 2021 and 2022. 2021. The interest on the loan is 8% payable annually startingPauper Bank granted a loan to a borrower on January 1December 31, 2021. The loan matures in three years onProblem 7-3 (IFRS)Pauper Bank granted a loan to a borrower onDecember 31, 2023.ProPrincipal amountDirect origination cost incurredSolvent1, 2019P2,0003,000,000260,300100,000The fi31, 20Deceron the loan is 6%.Required:Howfinacolle1. Prepare journal entries for 2021, 2022 and 2023.2. Present the loan receivable on December 31, 2021.Onrercolth

Preparation of journal entries Date Accounts titles and explanation Debit in dollars Credit in…

Origination fee received from the borrower Nasty Bank granted a loan to a borrower on January 1, 2020. December 31, 2021. The loan matures in three years on The interest on the loan is 10% payable annually starting December 31, 2023. Principal amount Direct origination cost incurred Origination fee received from the borrower 4,000,000 150,000 342,100 After considering the origination fee received from the horrower and the direct origination cost incurred, the effective rate on the loan is 12%. Required: Prepare journal entries for 2021, 2022 and 2023.

Origination fee received from the borrower Nasty Bank granted a loan to a borrower on January 1, 2020. December 31, 2021. The loan matures in three years on The interest on the loan is 10% payable annually starting December 31, 2023. Principal amount Direct origination cost incurred Origination fee received from the borrower 4,000,000 150,000 342,100 After considering the origination fee received from the horrower and the direct origination cost incurred, the effective rate on the loan is 12%. Required: Prepare journal entries for 2021, 2022 and 2023.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

I don’t understand
0 Market Data Risk-Free Rate Alpha Beta Market Data Company Data Residual standard deviation, o(e) Standard Deviation of Excess Return Return A 0.120 0.025 0.015 1.200 0.105 0.245 Standard Deviation B 0.200 0.000 0.020 0.800 0.195 0.235 Beta C 1 12 Required: 13 Using the data above, please solve for the Sharpe Ratio, Treynor's Measure, and Information Ratio. 14 1.000 0.000 -0.005 1.250 0.067 0.210 E
Listen Which of the following graphs shows f(x)=3x+4 and its inverse? Four Graphs Graph A Graph B 6 2 6 2 -2 0 2 6 8 10 4 -2 0 2 4 6 8 -2 -2 Graph C -2 0 2 4 6 8 4 A Graph A B Graph B C Graph C D Graph D y 8 6 12 Graph D 4 -2 0 2 4 6 8 -2
D
The BEST matching pattern for #6 on Trend Graph (C) is: 1.Rectangle 2.Flag 3.Symmetrical Triangle 4.Cup and Handle
INV 2-3d You are exploring the use of APT in making investment choices. You have identified three factors labelled F1, F2, and F3 with corresponding risk premia RP1 = 4%, RP2 = 5%, and RP3 = 2%. A stock with ticker ABC has historically shown returns which have followed the equation: rABC=0.12+.75F1+1.0F2+.5F3+eABC d. Assume that the T-bill rate decreases to 2%, with the other variables remaining unchanged. Would you recommend to buy or sell stock ABC?
How to turn fractions or percentage of Par- Value into decimals?
Sh19 Please help me. Solution
When is it possible, the Stock price of a REIT to be $9 while its Net Present Value (NAV) to be $10?
11. The following payoff table involves two players each of whom has three possible moves. L M N L 30,15 45,35 55,25 25,35 20,20 30,50 N 15,35 35,40 15,15 a. Are there Nash equilibria? If so, determine how many and state which strategies. M
GP / In a geometric sequence, the third term is 48 and the sixth term is 3072 Find the possible sequence.
Can you also do three-eight??