Presented here is a partial amortization schedule for Vaughn Manufacturing who sold $126000, five year 10% bonds on January 1, 2019 for $132000 and uses annual straight-line amortization. BOND AMORTIZATION SCHEDULE Interest Period Interest Interest Premium Unamortized Bond Paid Expense Amortization Premium Carrying Value January 1, $6000 $132000 2019 January 1, (i) (ii) (ii) (iv) (v) 2020 Which of the following amounts should be shown in cell (ii)? $12000 O $13800 O $13200 O $11400

Q: How can the Present-Worth Comparison be done?

A: The present worth method of comparison will diminish the cash flows of every choice to time zero by…

Q: Both answers came back incorrect?

A: NPV (Net Present Value) and IRR (Internal Rate of Return) are two popular financial metrics used to…

Q: In what situation would LIFO not provide a better match of revenues and expense

A: "LIFO" stands for last-in, first-out, meaning that the recently purchased inventory items are…

Q: Differentiate between the accrual method and cash method?

A: The Cash Method: Revenue is reported on the income statement only when cash is received. Expenses…

Q: Which of the following will appear on the credit side of a trial balance?

A: Fixed assets (like buildings, machinery, etc.) would typically appear on the debit side of the trial…

Q: Using the following balance sheet and income statement data, what is the debt to assets ratio? $ 2$…

A: Debt to assets ratio means ratio between total debt and total assets in the business.

Q: Can you please provide the formula to calculate it? The answer does not explain that

A: Amount borrowed = $53,000Loan term = 5 yearsInterest rate = 4.5%

Q: name for the amount

A:

Q: How does Recognition Criteria answer the two questions 1) when should an event be recorded? AND 2)…

A: Under IFRS 15 and Topic 606 under US GAAP have laid down criteria for revenue recognition. There are…

Q: Why does balance of payments contain an account called statistical discrepancy?

A: The equilibrium of installments (BOP), otherwise referred to as equilibrium of worldwide…

Q: What does MYOB use the Historical Balancing account for?

A: MYOB: It is often defined as an international accounting software that is used by the businesses for…

Q: a)  Explain the difference between: Capital expenditure and revenue expenditure, giving an example…

A: Capital Expenditure: It is a expenditure made by company to acquire or renovate a property, plant or…

Q: The Current Ratio Although the current ratio can be useful, what does it not disclose or not take…

A: Accounting Ratios are financial ratios through which a company can analyze its performance in terms…

Q: All of the amounts that have parentheses are incorrect. What do I need to do to calculate the…

A: Cash flow statement includes: Cash flows from operating activities Cash flows from investing…

Q: How do you think the miss statement of fines will impact the important statement and balance sheet.

A: Given: The impact on income statement and balance sheet due to misstatements of funds.

Q: Could you possibly provide an additional situation that LIFO wouldn't be a better match for revenue…

A: Last-in, First-Out (FIFO): "First-In, First-Out" (also known as "FIFO") makes the assumption that…

Q: It says to round it to two decimal places which I did and its still says its wrong? Is there…

A: Current Ratio=The current ratio compares all of a company's current assets to its current…

Q: Which one of the following is not a type of measure used in the Balance scorecard?

A: The business organizations has employees in their various departments and on different level…

Q: account, we will ____ it. A. Debit  B. Credit

A: A contra asset account is a type of asset account with a balance that can be either negative or…

Q: Does Derecognition only apply to the balance sheet? If so, Why? Why are other statements not used?…

A: Derecognition is the process of removing an asset or liability from the financial statements of a…

Q: Which of the following is NOT a factor in the calculation of a FICO score?

A: FICO score FICO score is a credit score created by the Fair Isaac Corporation.

Q: How should we account for the fact that not every account receivable is likely to be collected?

A: Accounts receivable: Accounts receivable refers to the amounts to be received within a short period…

Q: What IF function can be used to determine whether or not an amount in a certain cell should be a…

A: A journal entry is the first step in including a transaction into the books of accounts. Under the…

Q: You forgot to give me the second part of the question. When should you purchase the equipment?

A: since The NPV is positive in 3rd year = $66.32.