Onal co purchased 10
WebDuring the current year, Onal Co. purchased 10,000 shares of its own stock at $7 per share. The stock was originally issued at $6. The firm sold 5,000 of the treasury shares … Web2. Prepaid three months office rent,$1,650. 7. Purchased 80 units software inventory on account, $1,680, plus freight in,$80. 18.Sold 40 software units on account, $3,500 (Cost$880 ). 19. Consulted with a client for a fee of $1,000 on account. 20. Paid employee salary,$2,055. 21.
Onal co purchased 10
Did you know?
Web34 During the current year, Onal Co. purchased 10,000 shares of its own stock at $7 per share. The stock was originally issued at $6. The firm sold 5,000 of the treasury shares for $10 per share. The firm uses the cost method to account for treasury stock. What amount should Onal report in its income statement for these transactions? $0 $ 0 WebOn July 2, 20x1, East Co. purchased, as a long-term investment, P500,000 face amount, 8% bonds of Rand Corporation for P461,500 to yield 10% per year. The bonds pay interest semiannually on January 1 and July 1. In its December 31, 20x balance sheet, East should report interest receivable of __ {=20,000}
WebBlue Company purchased 10% of Tot Company’s 100,000 outstanding ordinary shares on January 1, 2024 for P500,000. On December 31, 2024, Blue Company purchased an additional 20,000 shares of Tot Company for P1,500,000. Tot Company had not issued any additional shares during 2024. The investee reported earnings of P3,000,000 for 2024. WebOn January 1, 2024 Dona Company purchased 10% of another entity’s outstanding ordinary shares for P6,000,000. The investment classified as nonmarketable equity …
WebOn January 1, 200A, Soledad Company purchased 10% bonds in the face amount of P3,000,000. The bonds mature on January 1, 200K and were purchased for P3,405,000 to yield 8%. The entity used the effective interest method of amortization and interest is payable annually every December 31. The business model for this investment is to … WebOn January 1, 200A, Soledad Company purchased 10% bonds in the face amount of P3,000,000. The bonds mature on January 1, 200K and were purchased for P3,405,000 …
Web01. jan 2024. · On January 1, 2024, Zeta Company purchased 8% bond with face amount of P4,000,000. The bonds mature on January 1, 2026 and were purchased for P4,335,000 to Skip to document Ask an Expert Sign inRegister Sign inRegister Home Ask an ExpertNew My Library Discovery Institutions Isabela State University University of the Cordilleras
WebPurchase Instant Access 48-Hour online access $15.00 Details Online-only access $25.00 Details PDF download and online access $59.00 Details Check out Abstract The emerging field of soft robotics makes use of many classes of materials including metals, low glass transition temperature (Tg) plastics, and high Tg elastomers. temsa ld 13Web28. okt 2024. · On January 2 of the current year, Otto Co. purchased 40% of Penn Co.'s outstanding common stock. The carrying amount of Penn's depreciable assets was … ripple stock price usdtems onlineWebDuring the current year, Onal Co. purchased 10,000 shares of its own stock at $7 per share. The stock was originally issued at $6. The firm sold 5,000 of the treasury shares for $10 per share. The firm uses the cost method to account for treasury stock. What amount should Onal report in its income statement for these transactions? tems mobile testingWeb10 July 1, 2014, West Co. Purchased $160,000 of 6% bonds for $168,300 (5% MR) on a non-trading investment. Interest is paid on July 1 and Jan 1, and the bonds mature on July 1, 2024. The bonds are sold on Nov 1,2014 @ 105 plus accrued interest amortization was recorded when interest was received by the effective interest method (use the nearest ... temsa lfWebOn January 1, Year 2, Grand Company purchased as held for collection investment P1,000,000 face value of Greek Company’s 8% bonds for P912,400. The bonds were purchased to yield 10% interest. The bonds mature on January 1, Year 7 and pay interest annually on January 1. 4. What amount should Grand Company report on its December … temsa sales ukWebOn January 1, 2010, Moon Company purchased 10% of Light Company’s outstanding ordinary shares for P4,000,000. Moon is the largest single shareholder in Light and … temsil epistemolojisi