9:41V1.185G 19%KB/sexpert.chegg.com/qCheggHi Rise obtained planning14permission to build a new officebuilding. Construction commencedon 1 March 20X1. To help fund thecost of this building, a loan for $5mwas taken out from the bank on 1April 20X1. The interest rate on theloan was 10% perannum.Construction of the buildingceased during the month of July dueto an unexpected shortage of labourand materials.By 31 December 20X1, the buildingwas not complete. Costs incurred todate were $12m (excluding intereston the loan).Required: Discuss the accountingtreatment of the above in thefinancial statements of Hi-Rise forthe year ended 31 December 20X1.SkipStart SolvingExit>Training

To discuss the accounting treatment for Hi-Rise in their financial statements for the year ended 31…

Answered: 9:41 V1.185G 19% KB/s…

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter10: Property, Plant And Equipment: Acquisition And Subsequent Investments

Section: Chapter Questions

Problem 11RE

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The Problem 24-6 (IAA) Zephyr Company is provided a grant by a foreign governme for. the purpose of acquiring land for a building site grant is a zero-interest loan for 5 years evidenced hu promissory note. The loan was granted on January 1, 2020 for P8,000;000, The market rate of interest is 6%. The present value of 1 for fiv periods at 6% is .7473. Required: Prepare journal entries for 2020 and 2021.
9:52 O - CamScanner 04-22... Dsignment, -pay 20,000 Land if in If have is jea yate bank so interst is much How that 15 years? enplain he to 20 000 with in hel po 9 formule? Hhe Scawed ve Canta
Consider a loan of $8,000 charging interest at j12-6% with monthly payments of $321.50 Calculate the missing amounts in the amortization table. Place the value for A in the first answer box, B in the second and C in the third. PMT Interest Principall Balance 8,000.00 1321.50 40.00 281.50 7,718.50 2 321.50 A C
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12:09 pm a Bll 36% O 4 58346850211... Assignment- project analysis and evaluation Business management -ext -3d year 2021 g.c Ex: 1. A company is considering to appraise two projects. Two projects are available X and Y each costing $ 50, 000. the annual cash flows are expected as below, ACFS Year Plant X Plant Y 1 $ 15, 000 $ 5, 000 20, 000 15, 000 3 25, 000 20, 000 4 15, 000 30, 000 5 10, 000 20, 000 The cost of capital is 10%. Calculate 3) Profitability Index 4) Internal Rate of Return Scanned by CamScanner
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Drill Problem 15-2 (Algo) [LU 15-1 (2)] Complete the following amortization chart by using Table 15.1. Note: Round your "Payment per $1,000" answer to 5 decimal places and other answers to the nearest cent. Selling price of home Down payment Principal (loan) Rate of interest Years Payment per $1,000 Monthly mortgage payment $ 94,000 $ 4,000 6.0 % 30
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8. Fay Teng's expenditures for the past 3 months were: August, $1,735.50; September, $1,829.42; and October, $1,793.88. What is her average monthly expenditure? 9. You uce the utility comu.'sbudect praWor paving vour Vour -------. SA6:Docember S100 27 M Tu $94 10. aw-Hill Companies, Inc. All rights reser
ging interest at j12-6% with monthly payments of $321.50 Calculate the missing amounts in the amortization table. Place the value for A in the first answer box, B in the second and C in the third. %23 PMT Interest Principal Balance 8,000.00 1 321.50 40.00 281.50 7,718.50 2 321.50
9:00 4G A learning5.uum.edu.my Operating income retun on investment QUESTION 2- Time Value of Money Calculate the amount of money that will be in cach of the following accounts at the end of the given deposit period: со Compounding Period (Compounded every Months) 12 Annual Deposit Amount Interest Period Ассount Deposited RM 1,000 Rate (Years) Jawa Scottish Mawar Berduri 10 % 10 95,000 12 The Piranha 8,000 120,000 30,000 15,000 12 Lea Rose 8. 3. Bunga Larangan Lin Suhaimi 10 6. 12 4 3 QUESTION 3- Risk and Return Sintok Corporation has collected information on the following three investments. Which investment is the most favourable based on the information presented? Stock A Probability 0.15 Stock B Stock C Probability 0.1 0.4 Return Probability Retum Return 2% 0.25 3% -5% 0.4 7% 0.5 20% 10% 0.3 10% 0.25 25% 0.3 0.2 15% 0,15 15% 30% Submission due date: 26 NOVEMBER 2020

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