Name: Sun Zhi Jie
1. You are offered an investment that requires you to put up $12,000 today in
exchange for $40,000 12 years from now. What is the annual rate of return on this
PV=12,000 FV=40,000 t=12, to find r
Amortization on actuarial loss 30,000
Amortization of unrecognized net obligation 70,000
quasi reorganizationRE RE
What is the present value of all future retirement payments att
IFRS The cost model the revaluation model
not accrue the property loss or the business disruption loss, but disclose them in the notes to the financial
Allowance for uncollectible accounts Selling expenses(Bad debt
During a period of inflation in which a liability account balance remains constant, which of the
following occurs? A purchasing power gain, if the item is a monetary liability.
Rice's liabilities had increased to $94,000. 94 94
investments in debt securities FV
Demolition of old building on site
Sale of scrap from old building
the income recognition method least likely to overstate income is cost recovery method.
tax expense taxable income
A schedule showing the original budget, the final appropriations budget, and actual inflows, outflows, and balances
on a budgetary basis.
Payments to retire mortgage notes. financing activities
Payment to a pension trust fund $500,000 expenditure
discontinued operations extraordinary items
Which of the following comprise functional expense categories for a nongovernmental not-for-profit organization?
Program services, management and general, an
what amounts should Lime report as total payroll tax liability and as payroll tax expense?
Abel Carr divide initial capital equally
2 Abel contributed $100,000 and Carr contributed $84,000
Loss on discontinued operation
On January 15, 20X0, Rico Co. declared its annual cash dividend on common stock for the year ended
January 31, 20X0. On January 15, 20X0
government-wide statement net position Governmental activities, Business-type
activities, Component units Fiduciary F
Adel and Brick had a capital ratio of 3:1 and a profit and loss ratio of 2:1 c
profit and loss ratio of 2:1
$40,000 FV $210,000
decommissioning liability decommission 1. 2
When events or changes in circumsta
it failed to report $40,000 of depreciation related to a newly constructed building.
The transaction had commercial substance.
Mortgage payable, current portion $100,000 $3,500,000