User Account

All Pages

Record the obtaining of the mortgage payable

Assignment Help Accounting Basics
Reference no: EM133050593

Question - On December 31. 2020. Ste-Anne Corp. obtained a 10-year, 5%, $260,000 mortgage loan from a bank to finance the purchase of a building in the future. The terms provide for semi-annual installment payments on June 30 and December 31.

Required - Record the obtaining of the mortgage payable on December 31, 2020.

Reference no: EM133050593

Questions Cloud

Develop an E-Business plan for an existing organisation : Develop an E-Business plan for an existing organisation of your choice - E-Business plan - Report and presentation
How much is kiko income tax due : Taxable compensation income P850,000. Assuming that the availment of the 8% income tax due is proper, how much is Kiko's income tax due
Making decisions regarding the adult immunization issue : Why is it important to consider these needs when making decisions regarding the Adult Immunization issue?
Demonstrate the vision and mission of the organization : 1. Demonstrate the history of the organization *write as long sentences as you can?
Record the obtaining of the mortgage payable : On December 31. 2020. Ste-Anne Corp. obtained a 10-year, 5%, $260,000 mortgage loan. Record the obtaining of the mortgage payable
Artificial intelligence-recurrent neural networks : Provide an overview of the recurrent neural network and compare it with the convolutional neural network
Implement a minimum carbon tax : A couple of years ago, a global carbon tax seemed far from becoming a reality. However, the introduction of such a tax now appears to be a possible and viable n
What is Ubers business model : What is Uber's business model? What is Uber's competitive advantage and What is Uber's business strategy? How does mobile/location-based marketing fit
What is the daily var investment : Suppose that you invested in the Capital Market, if the portfolio value is $20,000 and if 1- month average return and standard deviation is 10% and 15%

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