Multiple Choice—CPA Adapted Chapter 14 – Long Term Liabilities 1. On July 1‚ 2010‚ Spear Co. issued 1‚000 of its 10%‚ $1‚000 bonds at 99 plus accrued interest. The bonds are dated April 1‚ 2010 and mature on April 1‚ 2020. Interest is payable semiannually on April 1 and October 1. What amount did Spear receive from the bond issuance? a. $1‚015‚000 b. $1‚000‚000 c. $990‚000 d. $965‚000 2. On January 1‚ 2010‚ Solis Co. issued its 10% bonds in the face amount of $3‚000‚000
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ATTACHMENT I: Stacking Plan of 500 Collins Street‚ Melbourne CBD STAKING PLAN Total Net Lettable Area 13‚000 sqm Total Car spaces 200 bays ATTACHMENT II: Tenancy Schedule Level | NLA | Use | Tenant | Lease | Lease | Rent Passing | Next Rent | Rent Review Basis | Outgoings Basis | | sqm | | | Term | Expiry Date | $PA | Review | | | Basem’t | 200 cars | Car Park | Jones | 15 | 30/06/2023 | 480000 | 30/06/2012 | CPI annual | No outgoings paid |
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forms online. Documentary Requirements Single Proprietor Partnership Corporation BIR FORM 1901 (Application Form) ✓ BIR FORM 1903 (Application Form) ✓ ✓ BIR FORM 0605 (Payment Form) ✓ ✓ ✓ BIR FORM 2000 (Documentary Stamp Tax on Lease) ✓ ✓ ✓ BIR FORM 2000 (Documentary Stamp Tax on Subscription) ✓ 2. Go to the Revenue District Office (RDO) that has jurisdiction over your registered address. You can also visit this link to know which RDO has jurisdiciton
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followings:• Direct Mail Campaign • Repositioning Through Advertising • Value Pricing • Sales Incentives • Leasing • Cash Offers Direct Mail Campaign Lease Renewal Customers • Targeted to about 5000 customers • Highlighted the new features i.e Safety System and Family Entertainment System • Current Lease renewal Rate : 40% • Expected : 45 to 50% returning lease customers • Offered: $500 loyalty discount Direct Mail Campaign (cont..) Potential New Customer • Focus – the customer who leased a minivan from
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Financial Accounting Summary Financial Accounting – Summary Notes Financial Accounting – Summary Notes 1 Financial Statement Basics 3 Understanding of the 3 financial statements – (balance sheet‚ income statement and statement of cash flows). What does each financial statement represent? 3 What is the structure of each statement? 3 What is the link between the three statements? 4 Understanding of the basic mechanics of financial accounting – (debits‚ credits‚ transaction journal entries‚ adjusting
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New Analysis Part 2 Essay: Should You Make Or Should You Buy? Outsourcing Hotel Operations Recently When an entrepreneur wants to join the hotel industry‚ he can search for a property company for a building for lease to operate his hotel rather than to build it by his capital. Nowadays‚ there are so many hotel chain do not own the buildings which contribute the hotels‚ such as Choice Hotels International company‚ which own 11 hotel brands: Comfort Inn‚ Comfort Suites‚
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Reflection Paper Team B will reflect on why it is important for management as well as investors and creditors to understand the current and long-term liabilities. What makes it important to disclose contingencies as well as how do operating and capital leases relate to liabilities. It is important for managers to know what the company has as current or long-term liabilities because if they are not aware of what the funds look like they cannot affectively run the company. This knowledge helps a manager
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very high‚ the technology for this certain piece of equipment is projected to change every few years‚ and there is only a few years of useful life remaining on the operating lease. The organization needs to be careful of investing large amounts of money on equipment that is going to need to be replaced often. Also‚ with a lease/rental on this “short-lived” piece of equipment‚ the organization is more apt to replace it on time‚ ensuring it always remains within new technology
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CASE 8-1: NORMAN CORPORATION 1. Answer: The transaction should be recognized based on the following points: i. ii. Conservatism concept stated that expenses should be recognized as soon as they are reasonably possible to occur. According to loss contingency‚ a liability is recognized when information available indicates that it is probable for a liability to occur and when the amount of loss can be reasonably estimated. Therefore‚ Norman should provide a provision for loss and recorded the transaction
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the relationship with the customer may last‚ but the deal has the potential for significant growth. Your supervisor has asked you to research leases and lease structure issues on the Financial Accounting Standards Board (FASB) website‚ in particular the current practice and thought related to direct financing‚ sales type‚ and operating leases. Write a 700- to 1‚050-word memo addressed to your supervisor that summarizes your FASB research results. Keep the memo brief while exploring
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