What amount should connor present

Assignment Help Financial Accounting
Reference no: EM131894664

On January 1, year 2, Connor Corporation signed a $100,000 noninterest-bearing note due in three years at a discount rate of 10%. Connor elects to use the fair value option for reporting its financial liabilities. On December 31, year 2, Connor's credit rating and risk factors indicated that the rate of interest applicable to its borrowings was 9%. The present value factors at 10% and 9% are presented below.

PV factor 10%, 3 periods .751 PV factor 10%, 2 periods .826 PV factor 10%, 1 period .909 PV factor 9%, 3 periods .772 PV factor 9%, 2 periods .842 PV factor 9%, 1 period .917 At what amount should Connor present the note on the December 31, year 2 balance sheet?

 

Reference no: EM131894664

Questions Cloud

Show the format and contents of a dhcpdiscover message : Show the format and contents of a DHCPDISCOVER message. Show the format and contents of a DHCPOFFER message.
What portion of the organizational costs will be expensed : Training of local employees for production and maintenance operations 120,000 Advertising costs 85,200 What portion of the organizational costs will be expensed
Why does a newly added host need to know the ip address : Why does a newly added host need to know the IP address of a router? Why does a newly added host need to know the IP address of a name server?
Nursing care delivery : What types of theories will be most appropriate for use in 21st nursing care delivery?
What amount should connor present : periods .772 PV factor 9%, 2 periods .842 PV factor 9%, 1 period .917 At what amount should Connor present the note on the December 31, year 2 balance sheet?
Show an example of a dhcp packet with an end-of-list option : Show an example of a DHCP packet with an end-of-list option. What is maximum number of seconds that can be stored in Number of Seconds field of a DHCP packet?
Conflict that the narrator confronts : How does the first paragraph of the story sum up the conflict that the narrator confronts? In what sense is he "invisible"?
Discuss the greenleaf principles of servant leadership : In the Topic Materials you were introduced to Robert Greenleaf's principles of servant leadership. You also read biblical passages related to servant leadership
Discuss the impact on the woman who resisted : Impact on the Woman who Resisted/Impact on Her Community: discuss the impact on the woman who resisted, impact on her community, etc.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Should henderson company make or buy the subassembly

Should Henderson Company make or buy the subassembly? If it makes the sub- assembly, which alternative should be chosen? Explain and provide supporting computations.

  What about the policing costs associated with market

Could the laundry continue to separate markets if people followed Abby's advice? What about the policing costs associated with separating the markets?

  In 2001 belinda barclay established barclay trust an

in 2001 belinda barclay established barclay trust an irrevocable trust and named as trustee local bank 1234 main street

  Prepare a statement of cash flows for rigby corporation

Prepare an income statement for the year ending May 31, 2005 and prepare a retained earnings statement for the year ending May 31, 2005.

  Amount for the business and personal portion of the trip

Kim works for a clothing manufacturer as a dress designer. She travels to New York City to attend five days of fashion shows and then spends three days sightseeing. presuming no reimbursement, how much can kim deduct as to the trip? Assume that lodgi..

  Determine the amount of operating cash flows

Determine the amount of operating cash flows the company will report as received from customers in the current year

  Question the subsequent transactions occurred through march

question the subsequent transactions occurred through march 2013 for the wainwright corporation. the company owns and

  Determine the total interest expense

On July 1, 2016, Merideth Industries Inc. issued $48,800,000 of 10-year, 11% bonds at a market (effective) interest rate of 13%, receiving cash of $43,423,121.  Journalize the entry to record the amount of cash proceeds from the issuance of the bonds..

  Retail merchandiser that sells cards-supplies and magazines

Misc Things, Inc. is currently open from 8am to 8pm six days per week. The store is a retail merchandiser that sells cards, supplies, magazines, and a few books. As an experiment, Katie the manager kept the store open for six hours on a Sunday. Resul..

  Budgeted income statementnbsp static and flexible

budgeted income statementnbsp static and flexible budgeted income statement variable costing variance

  Prepare each financial statement using a different sheet

Prepare each financial statement, in good form, using a different sheet in Excel. Good form means you should have an appropriate three-part heading.

  A comparative statement of financial position of aqua ltd

a comparative statement of financial position of aqua ltd is presented below30 june 201230 june

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!

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