If a machine cost $20,000 and the company owes the bank $18,000 on a loan for the purchase of the machine, then how much should be reported for the machine under assets on a balance sheet preparation?
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If a machine cost $20,000 and the company owes the bank $18,000 on a loan for the
purchase of the machine, then how much should be reported for the machine under assets on a
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- Show how each transaction would be handled using the cash basis and the accrual basis. Assume depreciation expense of $30 for software and $30 for the computer.Consider a bank with the following balance sheet (M means million): (Image Attached) Calculate the equity (total asset – total liability) to asset ratio of the bank (Hint: equity to asset ratio = total equity/total asset) and calculate the duration and convexity of the both asset and liability sides. Thank You in Advancewhat the effect to asset, liability and owner's equity if the company receives cash from a bank loan
- 3. What is the initial carrying amount of the loan receivable on the part of National Bank? 4. Based on preceding data, what is the initial carrying amount of the loan payable on the part of BBB Company?Please answer the following multiple choice question: In the Intermediation Approach, bank uses: a) Capital and Labour to produce loans and other earning assets. b) Capital, Labour and Deposits to produce loans and other earning assets c) Labour and Deposits to produce loans and other earning assets d) Deposits and Capital to produce loans and other earning assetsA loan received from a bank would be recorded in the nominal ledger as: a) Dr Bank Cr Capital b) Dr Loan Cr Bank c) Dr Bank Cr Reserves d) Dr Bank Cr Loan
- According to IAS 32 Financial Instruments: Presentation, which of the following could be classified as financial assets? Bank overdraft Cash at bank Inventories A current asset investment A forward contractWhich of the following liabilities is created when a company receives cash for services to be provided in the futureWhich of the following options indicate how quickly accounts receivables are converted into cash? Select one: a. Total assets turnover b. Days to collect accounts receivable c. Working capital d. Accounts receivable turnover
- Please give me an information about : cash reciepts, capital investments, loans, interest payment, pre-operating and admin cost19. The current assets section of the statement of financial position should include * b. patents. a. machinery. d. inventory c. goodwill. 20. Equity or debt securities held to finance future construction of additional plants should be classified on a balance sheet as * c. intangible assets. a. current assets. d. long-term investments b. property, plant, and equipment. 21. In a statement of cash flows, receipts from sales of property, plant, and equipment and other productive assets should generally be classified as cash inflows from * d. selling activities c. investing activities. a. operating activities. b. financing activities. 22. The statement of financial position * d. All of the choices are correct regarding the statement of financial position. c. Uses fair value for most assets and liabilities. b. Makes very limited use of judgments and estimates. a. Omits many items that are of financial value. 23. The basis for classifying assets as current or noncurrent is…When reviewing a Form 4562, what information will a lender learn about the business? The amount of any capital gains tax payments The amount of proceeds received from used equipment sales The amount of proceeds from securities sales The amount of any fixed asset purchases