User Account

All Pages

Which miralax company will record

Assignment Help Financial Accounting
Reference no: EM132795928

Problem 1: On September 1, 2019, Miralax Company signed a one-year noninterest bearing note payable with a face amount of $85,000 in exchange for new equipment valued at $80,000. On Sept 1, 2019 Miralax Company will record which of the following?

Option 1: Note Payable of $85,000.

Option 2: Cash of $5,000.

Option 3: Equipment of $80,000.

Option 4: Equipment of $85,000.

Reference no: EM132795928

Questions Cloud

Explain how ebitda multiple can be calculated : i. Discuss for which firms EBITDA can be used, instead of FCF, for investment analysis and valuations and why?
What is the effect on the ?nancial statements as a result : Gillett Company, What is the effect on the 2019 ?nancial statements as a result of incorrectly expensing instead of capitalizing the $5000 cost?
What was the value of a share of sun interbrew : These are based on the Harvard Business Case- SUN Brewing (B): 1. What was SUN Interbrew's Total Enterprise Value as of July 31, 2004?
Calculate inventory days outstanding : Toro is a local, publicly traded firm engaged in the business of manufacturing turf management products. Toro reported the following information about a recentl
Which miralax company will record : On Sept 1, 2019 Miralax Company will record which of the following? On September 1, 2019, Miralax Company signed a one-year noninterest bearing
Find the current value of a portfolio : The price of an American call on a non-dividend-paying stock is $4.
Should thunder make or buy the part : Should Thunder make or buy the part? Thunder can purchase 15000 units of part 3741 for $34 each. If the part is purchased, Thunder can make another product
What is more stressful for the police officer : What is more stressful for the police officer - working the street or dealing with the agency administration? Why so? What can be done by the police.
What is the present value of the annuity : What is the present value of the following annuity: $4489 every half year at the beginning of the period for the next 5 years discounted back to the present at

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: +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