Business, 19.10.2019 01:30 abrito1559
On january 1, 2014, foster company sold property to agler company which originally cost foster $570,000. there was no established exchange price for this property. agler gave foster a $900,000 zero-interest-bearing note payable in three equal annual installments of $300,000 with the first payment due december 31, 2014. the note has no ready market. the prevailing rate of interest for a note of this type is 10%. using the effective-interest method for amortizing premium or discount, what is the amount of interest expense that should be recognized by agler in 2014?
Answers: 3
Another question on Business
Business, 22.06.2019 13:10
Paid-in-capital in excess of par represents the amount of proceeds a. from the original sale of common stock b. in excess of the par value from the original sale of common stock c. at the current market value of the common stock d. at the curent book value of the common stock
Answers: 1
Business, 22.06.2019 19:40
Banana computers has decided to procure processing chips required for its laptops from external suppliers instead of manufacturing them in their own facilities. how will this decision affect the firm? a. the firm will be protected against the principal-agent problem. b. the firm's administrative costs will be low because of necessary bureaucracy. c. the firm will have more flexibility in purchasing and comparing prices of goods and services. d. the firm will have high-powered incentives, such as hourly wages and salaries.
Answers: 3
Business, 22.06.2019 19:40
Which term describes an alternative to car buying where monthly payments are paid for a specific period of time, after which the vehicle is returned to the dealership or bought? a. car financing b. car maintenance c. car leasing d. car ownership
Answers: 3
Business, 23.06.2019 10:00
At the beginning of each month, desmond receives a written statement from his bank containing all the transactions processed on his checking account for the previous month desmond compares his check register to this bank statement. this comparison is known as your account. a. confirming b. reconciling c. comparing d. finalizing
Answers: 1
You know the right answer?
On january 1, 2014, foster company sold property to agler company which originally cost foster $570,...
Questions
Geography, 26.03.2020 20:32
Biology, 26.03.2020 20:32
Chemistry, 26.03.2020 20:32
Mathematics, 26.03.2020 20:32
History, 26.03.2020 20:32
Chemistry, 26.03.2020 20:32
Mathematics, 26.03.2020 20:32
Mathematics, 26.03.2020 20:32
Mathematics, 26.03.2020 20:33
