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Last Ltdis a manufacturing company that makes loans to other parties from time to time. The loan assets are classified byLast Ltdas subsequently measured atamortised cost.On 1 July 2016,Last Ltdmade the following loan:A 3-year loan of $1 million to Grate Ltdat an interest rate of 15% p.a. due annually in arrears on 30 June each year.
Last Ltd incurred transaction costs of $97,749 in respect of this loan to arrange charges for security. Prepare the entries of Last Ltd to account for this loan from initial recognition on 1 July 16 to de recognition on 30 June 2019.
Accounting is the study of how businesses track their income and assets over time
xyz company has an opportunity to purchase an asset that will cost the company 60000. the asset is expected to add
He believes that such a move will allow him to focus more attention to other profitable lines. He discusses this with you and asks for your opinion.
Prepare a classified balance sheet as of November 30, 2014. Notes payable of $18,260 are due in January 2015.
Dr. Doe (Doe) is a well-respected scientist who has just won the Nobel Prize in medicine for his work in developing a highly effective drug to prevent the common cold.
corn crunchers has three product lines. its only unprofitable line is corn nuts the results of which appear below for
kolinchak enterprises has the following production planned for the first quarter of next yearjanuarynbspnbspnbsp
The bonds sold originally at par. Reported net income for 2011 was $350,000 with a 35% tax rate. The regular common and preferred dividends were paid in 2011.
circuittown commenced a gift card program in january 2013 and sold 12900 of gift cards in january 19950 in february and
what is a stock split? how does a stock split impact outstanding shares and the per-share market price? how do stock
Jiang Ltd has recently produced its financial statements for the current year. The directors are concerned that the return on capital employed
The board of directors of Tong & Fong Limited ("T&F"), a major motor distribution and transportation company, are considering bidding to be the exclusive authorised distributor of "Bruser" brand of automobile.
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