User Account

All Pages

Sun inc assigns 2000000 of its accounts receivables as

Assignment Help Accounting Basics
Reference no: EM13485094

Sun Inc assigns $2,000,000 of its accounts receivables as collateral for a $1 million 8% loan with a bank. Sun Inc. also pays a finance fee of 1% on the transaction upfront. What would be recorded as a gain (loss) on the transfer of receivables?

Reference no: EM13485094

Questions Cloud

Jorge company bottles and distributes b-lite a diet soft : jorge company bottles and distributes b-lite a diet soft drink. the beverage is sold for 50 cents per 16-ounce bottle
If the firm has a target capital structure of 70 equity : owens manufacturing has generated a net income of 750000 for 2007. it has identified investment opportunities for
Cardinals corporation had a 1114 balance in the allowance : cardinals corporation had a 1114 balance in the allowance for doubtful accounts of 20000. during 2014 it wrote off
Mallard has lease total lease payments of 120000 and : background infocompany - mallard corp.type zero-growth firmdebt carries a market value debt of 1000000 carrying a
Sun inc assigns 2000000 of its accounts receivables as : sun inc assigns 2000000 of its accounts receivables as collateral for a 1 million 8 loan with a bank. sun inc. also
At the close of its first year of operations december 31 : at the close of its first year of operations december 31 2014 madeline company had accounts receivable of 1100000 after
From the above question what if only half of the inventory : 1 in 2013 company a sold inventory costing 100 to its fully-owned subsidiary company b for 150. the entire inventory
Charles corp has outstanding accounts receivable totaling : charles corp. has outstanding accounts receivable totaling 6.9 million as of december 31 and sales on credit during the
Why are audit objectives important in planning and : why are audit objectives important in planning and performing an audit? explain the differences between transaction

Reviews

Write a Review

Accounting Basics Questions & Answers

  Accounts payable account-inventory purchase

Kristen Montana operates a retail clothing operation. She purchases all merchandise inventory on credit and uses a periodic inventory system. The accounts payable account is used for recording inventory purchases only; all other current liabilitie..

  The state of nature that occurs favors alternative b assume

alternative a alternative b present value of costs incurred for selecting the alternative prior to knowing which state

  Suppose garner company used the lifo method instead of

garner company began operations on january 1 2010 and uses the average cost method of pricing inventory. management is

  Why would waterways choose machine hours as the cost driver

waterways has two major public-park projects to provide with comprehensive irrigation in one of its service locations

  Justify the method of writing off the production-volume

justify the method of writing off the production-volume variance to the cost of goods sold as compared to allocating

  Write down a 350- to 700-word essay comparing similarities

write down a 350- to 700-word essay comparing the similarities and differences between virtue theory utilitarianism and

  Dr. doe (doe) is a well-respected scientist

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.

  Suppose a target income of 10 of average invested assets

abbe company reported the following financial numbers for one of its divisions for the year average total assets of

  Information about taxation

Real estate magnate Donald Trump once proposed a one-time tax of 14.25 percent on the net wealth of every American with more than $10 million. Would this be an efficient way to raise tax revenue? Why or why not?

  Implementation of separation of duties

Describe in your own words what "segregation of duties" is in an AIS context. Explain how MYOB can assist in the implementation of separation of duties

  You are opening a new retail shop and estimated fixed costs

you are opening a new retail shop and estimated fixed costs for the vacant facility are 7500 per month. estimate that

  Your boss called you into the office and reprimanded you

corporation prepared the following performance report for variable overhead costs for the last quarter of the year.

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: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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