Advanced Accounting
14th Edition
ISBN: 9781260247824
Author: Joe Ben Hoyle, Thomas F. Schaefer, Timothy S. Doupnik
Publisher: RENT MCG
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Question
Chapter 5, Problem 14P
To determine
Identify the appropriate answer for the given statement from the given choices.
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Compute the net substantial replacement value:
a. P4,200
b. P3,600
c. P3,000
d. P5,400
Assets
Cash
Receivables (net)
Inventory
PP & E (net)
Patents&Licenses
Goodwill
Total assets
Liabilities & Equity
Accounts payable
Short term debt
Long term debt
Preferred stock
Common Equity
Total Liabilities + Equity
New Chip Corp Balance Sheet at 12/31/22
($ in Millions)
31
45
64
215
28
19
402
53
19
179
23
128
402
If beginning and ending interest receivable were P16,000 and P5,000, respectively. Total interest income for the period amounted to P52,000, how much would be the amount of interest collections for the period?a. P31,000 c. P52,000b. P41,000 d. P63,000
Chapter 5 Solutions
Advanced Accounting
Ch. 5 - Prob. 1QCh. 5 - Prob. 2QCh. 5 - Prob. 3QCh. 5 - Prob. 4QCh. 5 - James, Inc., sells inventory to Matthews Company,...Ch. 5 - Prob. 6QCh. 5 - Prob. 7QCh. 5 - Prob. 8QCh. 5 - Prob. 9QCh. 5 - Prob. 10Q
Ch. 5 - Prob. 11QCh. 5 - Prob. 12QCh. 5 - Prob. 13QCh. 5 - Prob. 1PCh. 5 - Prob. 2PCh. 5 - Prob. 3PCh. 5 - Prob. 4PCh. 5 - Prob. 5PCh. 5 - Prob. 6PCh. 5 - Prob. 8PCh. 5 - Prob. 11PCh. 5 - What is the total of consolidated cost of goods...Ch. 5 - Prob. 13PCh. 5 - Prob. 14PCh. 5 - Prob. 15PCh. 5 - What is the consolidated total for inventory at...
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- ACCOUNTING ASAP Assume the following data: EBIT = 100; Depreciation = 40; Interest = 20; Dividends = 10. Calculate the cash coverage ratio. Select one: a. 7.0x b. 4.7x c. 14.0x d. 5.0xarrow_forwardans 7,arrow_forward(4) Given A(5)= P7,500 and A(11) = P9,000. What is principal (beginning) balance assuming compound interest?arrow_forward
- 6. How much is the current liabilitiesa. 1,691,000 c. 4,691,000 b. 1,491,000 d. 833,000 7. How much is the total non-current liabilitiesa. 3,000,000 c. 3,500,000 b. 3,300,000 d. 3,200,000 8. How much is total liabilities a. 4,991,000 c. 2,991,000 b. 3,391,000 d. 5,900,000arrow_forwardQuestions from no. 9 to no. 11 are based on the following fact. Boulder, Inc., obtained 90 percent of Rock Corporation on January 1, 2016. Annual amortization of $22,000 is applicable on the allocations of Rock's acquisition-date business fair value. On January 1, 2017, Rock acquired 75 percent of Stone Company's voting stock. Excess business fair-value amortization on this second acquisition amounted to $8,000 per year. For 2018, each of the three companies reported the following information accumulated by its separate accounting. system. Separate operating income figures do not include any investment or dividend income: Separate Operating Boulder Rock Stone Income $245,000 85,000 150,000 Dividends Declared $120,000 28,000 42,000arrow_forwardWhat is the situation that best describes the following amortization schedule? Payment # Amount Paid Interest Portion Principal Portion Principal Balance 12,000.00 1 3,132.39 210.00 2,922.39 9,077.61 2 3,132.39 158.86 2,973.53 6,104.08 3,132.39 106.82 3,025.57 3,078.51 4 3,132.38 53.87 3,078.51 0.00 Total 12,529.55 529.55 12,000.00 a. Reuben received a loan of $12,000 from a bank to purchase office supplies. He obtained the loan at an interest rate of 7% compounded quarterly for 1 year. Calculate the size of her end-of-quarter payments and construct an amortization schedule for his loan. b. Fabrizio received a loan of $12,000 from a bank to purchase office supplies. He obtained the loan at an interest rate of 70% compounded quarterly for 1 year. Calculate the size of her end-of-quarter payments and construct an amortization schedule for his loan. C. Reuben received a loan of $12,000 froma bank to purchase office supplies. He obtained the loan at an interest rate of 7% compounded every…arrow_forward
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