User Account

All Pages

Determine the gain on debt restructuring

Assignment Help Accounting Basics
Reference no: EM133094735

Question - Calulut Company has outstanding P950,000 note payable to Brad Finance Corporation. Because of financial difficulties, Calulut Company negotiates with Brad Finance to exchange inventory of machine parts to satisfy the debt. The cost of the machine parts inventory transferred is carried in Calulut Company's books at P610.000. The estimated sales price of these inventory items is P835,000. Determine the Gain on debt restructuring?

a. P340,000

b. P225,000

c. P115,000

d. P0

Reference no: EM133094735

Questions Cloud

What is the internal growth rate : If ABC Corporation s ROA ( return on Assets of 7.6% and a payout ration of 25%, what is the internal growth rate. Meaning no external financing required
Mention training to address racism : You mention training to address racism at the workplace is this enough? How do you reinforce the messages and make people accountable?
Main steps in developing a job evaluation system : The Point Method of Job Evaluation is the most frequently used approach to establish pay structures in Canada, due to pay equity legislation requirements.
Types of maintenance scheduling : There are several methodologies for scheduling the maintenance work based on its priority such First in First Out (FIFO) or Last in First Out (LIFO), what are o
Determine the gain on debt restructuring : Question - Calulut Company has outstanding P950,000 note payable to Brad Finance Corporation. Determine the Gain on debt restructuring
What types of proof would help the plaintiff side here : What types of proof would help the plaintiff's side here? (Feel free to make up some evidence!)
Information retrieval for electronic health record : Information Retrieval for Electronic health record (EHR) system / Information Systems in HealthCare, why is it so important and what are positives and negatives
Compute the internal rate of return of the investment : ABC Corporation made a net investment of P500,000 in a vending machine. Compute the internal rate of return of the investment
Discuss the information and resources : Be able to discuss the information and resources you need to have available to you in order to conduct an internal job evaluation (via the point method) and why

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd