User Account

All Pages

What amount be reported as net proceeds from discounted

Assignment Help Financial Accounting
Reference no: EM132805821

Problem 1: On June 30, 2020, GHI Company discounted at the bank a customer P6,000,000, 6-month, 10% note receivable dated April 30,2020. The bank discounted the note at 12%. What amount should be reported as net proceeds from the discounted note receivable?

Reference no: EM132805821

Questions Cloud

How you plan to teach academic science terms : Explain the role academic science terms play in learning science. Provide one example of how you plan to teach academic science terms in your future classroom.
What amount recognize as loss on note receivable discounting : If the discounting is secured borrowing, how much is the interest expense included in the transaction to record transaction cost?
Identify the competitive behavior responses of zara : Identify the competitive behavior responses of Zara to build or defend its competitive advantages and to improve its market position.
Prepare presentation about antisemitism : Pretend that attend a campus presentation about antisemitism and religious bigotry! by Tammy Gilies ( anti-Defamation League of SD), Mohamed Ahmed.
What amount be reported as net proceeds from discounted : GHI Company discounted at the bank a customer P6,000,000, What amount should be reported as net proceeds from the discounted note receivable?
About cultural biases : What difference in cultural biases in making decisions do you think would exist between North American and European Managers?
What has been the rationale for lvmh acquisitions : Describe Googles' level of diversification strategies - What has been the rationale for LVMH acquisitions - Discuss effective approaches that Samsung Electric
How you will design learning experiences in future classroom : In 250-500 words, summarize and reflect on the activity you developed for higher-order thinking, as well as how you will design learning experiences.
What is the gain or loss on factoring accounts receivable : The fair value of the recourse obligation is P100,000.Assuming that all accounts are collected, what is the gain or (loss) on factoring the accounts receivable?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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